Company Registration No. 03745735 (England and Wales)
ADVENTURE ASSOCIATES INTERNATIONAL LTD
DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
ADVENTURE ASSOCIATES INTERNATIONAL LTD
COMPANY INFORMATION
Director
Miss H V S Grainger
Company number
03745735
Registered office
9
Denmark Street
WC2H 8LS
ADVENTURE ASSOCIATES INTERNATIONAL LTD
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2014
- 1 -
The director presents her report and financial statements for the year ended 31 December 2014.
Cessation Of Trading
Given that the company activities have ceased, plans have been put in place to strike off the company from
the register.The company has been dormant in the last three months and is no longer considered to be a
going concern.All expenses and revenues have been recognized and financial statements are prepared on
breakup basis.
Director
The following director has held office since 1 January 2014:
Miss H V S Grainger
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
Miss H V S Grainger
Director
1 September 2015
ADVENTURE ASSOCIATES INTERNATIONAL LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
2014
2013
Notes
£
£
Turnover
592,502
729,421
Cost of sales
(596,001)
(719,502)
Gross (loss)/profit
(3,499)
9,919
Administrative expenses
1,571
(6,028)
Operating (loss)/profit
(1,928)
3,891
Interest payable and similar charges
-
1
(Loss)/profit on ordinary activities before taxation
(1,928)
3,892
Tax on (loss)/profit on ordinary activities
2
-
(778)
(Loss)/profit for the year
(1,928)
3,114
The profit and loss account has been prepared on the basis that all operations have ceased.
There are no recognised gains and losses other than those passing through the profit and loss account.
ADVENTURE ASSOCIATES INTERNATIONAL LTD
BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 3 -
2014
2013
Notes
£
£
£
£
Current assets
Debtors
3
40,493
300,499
Cash at bank and in hand
-
2,421
40,493
302,920
Creditors: amounts falling due within one year
4
(5,878)
(266,376)
Total assets less current liabilities
34,615
36,544
Capital and reserves
Called up share capital
5
1
1
Profit and loss account
34,614
36,543
Shareholders' funds
34,615
36,544
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 1 September 2015
Miss H V S Grainger
Director
Company Registration No. 03745735
ADVENTURE ASSOCIATES INTERNATIONAL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 4 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
Basis Of preparation
The company is no longer considered to be going concern, therefore Financial Statements have been
prepared on breakup basis.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Foreign currency translation
Transactions in foreign currencies are translated into sterling at the average monthly rate of exchange of the month the transaction occurred. Assets and liabilities in foreign currencies if any are translated into sterling at the rate prevailing at the balance sheet date. Exchange differences are taken into account at arriving at the operating profit.
2
Taxation
2014
2013
£
£
Domestic current year tax
U.K. corporation tax
-
778
Total current tax
-
778
Factors affecting the tax charge for the year
(Loss)/profit on ordinary activities before taxation
(1,928)
3,892
3
Debtors
2014
2013
£
£
Trade debtors
40,493
300,584
Other debtors
-
(85)
40,493
300,499
ADVENTURE ASSOCIATES INTERNATIONAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 5 -
4
Creditors: amounts falling due within one year
2014
2013
£
£
Trade creditors
5,015
265,598
Taxation and social security
-
778
Other creditors
863
-
5,878
266,376
5
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1
1
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