REGISTERED NUMBER:
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ADEPT MANAGEMENT LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2015 |
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DRAFT |
REGISTERED NUMBER:
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ADEPT MANAGEMENT LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2015 |
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ADEPT MANAGEMENT LIMITED (REGISTERED NUMBER: 04060616) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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DRAFT |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
ADEPT MANAGEMENT LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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DRAFT |
DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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ADEPT MANAGEMENT LIMITED (REGISTERED NUMBER: 04060616) |
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ABBREVIATED BALANCE SHEET |
31 DECEMBER 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
DRAFT |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Share premium |
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Other reserves |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the Board of Directors on
by: |
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ADEPT MANAGEMENT LIMITED (REGISTERED NUMBER: 04060616) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
DRAFT |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Fixtures, fittings and equipment | - |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
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Deferred tax |
Full provision is made in respect of timing differences that have originated but not reversed at the balance sheet |
date. Timing differences are differences between the company's taxable profits and its results as stated in the |
accounts. Deferred tax is measured on a non-discounted basis at the tax rates that are expected to apply in the |
periods in which the timing differences are expected to reverse, based on tax rates and laws that have been |
enacted or substantially enacted at the balance sheet date. Deferred tax assets are only recognised where their |
recoverability in the short term is regarded as more likely than not. Deferred tax is not provided on revalued |
assets unless a binding agreement to sell has been entered into before the year |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the average rate of exchange |
for the accounting period. Exchange differences are taken into account in arriving at the operating result. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the profit and loss account in the period to which they relate. |
ADEPT MANAGEMENT LIMITED (REGISTERED NUMBER: 04060616) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
DRAFT |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
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Additions |
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At 31 December 2015 |
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DEPRECIATION |
At 1 January 2015 |
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Charge for year |
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At 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
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loans |
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COST |
Additions | 675 |
At 31 December 2015 | 675 |
NET BOOK VALUE |
At 31 December 2015 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Country of incorporation: USA |
Nature of business:
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Class of shares: | holding |
Ordinary | 100.00 |
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£ |
Aggregate capital and reserves | (1,911 | ) |
Loss for the year | (2,585 | ) |
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As at 31st December 2015 Adept Management Consulting Inc, owed £261,060 to Adept Management Ltd. This |
amount is shown within amounts due over one year from group undertakings. |
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4. |
DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
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The aggregate total of debtors falling due after more than one year is £
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ADEPT MANAGEMENT LIMITED (REGISTERED NUMBER: 04060616) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
DRAFT |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £0.00 | 1 |
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Ordinary A | £0.00 | 1 |
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Ordinary B | £0.00 | 1 |
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2,467 | 2,467 |
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6. | SHARE OPTIONS |
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The company has in place an Enterprise Management Incentive share option scheme whereby various employees |
would be granted option shares immediately prior to sale or floatation. |