1 May 2017 false No description of principal activity Taxfiler 2018.11.Web SC481330business:PrivateLimitedCompanyLtd2017-05-012017-12-31 SC4813302017-04-30 SC4813302017-05-012017-12-31 SC481330business:AuditExemptWithAccountantsReport2017-05-012017-12-31 SC481330business:FullAccounts2017-05-012017-12-31 SC4813302017-12-31 SC481330business:Director12017-05-012017-12-31 SC481330business:Director22017-05-012017-12-31 SC481330business:Director32017-05-012017-12-31 SC481330business:Director42017-05-012017-12-31 SC481330business:RegisteredOffice2017-05-012017-12-31 SC4813302017-04-30 SC481330core:WithinOneYear2017-12-31 SC481330core:WithinOneYear2017-04-30 SC481330core:AfterOneYear2017-12-31 SC481330core:AfterOneYear2017-04-30 SC481330core:ShareCapital2017-12-31 SC481330core:ShareCapital2017-04-30 SC481330core:SharePremium2017-12-31 SC481330core:SharePremium2017-04-30 SC481330core:RetainedEarningsAccumulatedLosses2017-12-31 SC481330core:RetainedEarningsAccumulatedLosses2017-04-30 SC481330business:SmallEntities2017-05-012017-12-31 SC481330countries:Scotland2017-05-012017-12-31 SC481330core:LandBuildings2017-05-012017-12-31 SC481330core:PlantMachinery2017-05-012017-12-31 SC481330core:MotorVehicles2017-05-012017-12-31 SC481330core:FurnitureFittings2017-05-012017-12-31 SC481330core:ComputerEquipment2017-05-012017-12-31 SC481330core:OtherPropertyPlantEquipment2017-05-012017-12-31 SC481330core:IntangibleAssetsOtherThanGoodwill2017-04-30 SC481330core:IntangibleAssetsOtherThanGoodwill2017-12-31 SC481330core:FurnitureFittings2017-04-30 SC481330core:ComputerEquipment2017-04-30 SC481330core:FurnitureFittings2017-12-31 SC481330core:ComputerEquipment2017-12-31 SC4813302016-05-012017-04-30 iso4217:GBP xbrli:pure
Company Registration No. SC481330 (Scotland)
Adam Handling Limited Unaudited accounts for the period from 1 May 2017 to 31 December 2017
Adam Handling Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Adam Handling Limited Company Information for the period from 1 May 2017 to 31 December 2017
Directors
Adam Handling Steven Andrews David Moore Philip Seers
Company Number
SC481330 (Scotland)
Registered Office
470 Strathmartine Road Dundee DD3 9BU
Accountants
GDC FINANCIAL LIMITED 73c Loftus Road London W12 7EL
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Adam Handling Limited Statement of financial position as at 31 December 2017
31/12/2017 
30/04/2017 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
32,367 
32,367 
Tangible assets
5
1,929,762 
280,699 
1,962,129 
313,066 
Current assets
Inventories
6
145,553 
36,588 
Debtors
7
292,824 
221,257 
Cash at bank and in hand
159,465 
1,797,238 
597,842 
2,055,083 
Creditors: amounts falling due within one year
8
(1,141,996)
(329,934)
Net current (liabilities)/assets
(544,154)
1,725,149 
Total assets less current liabilities
1,417,975 
2,038,215 
Creditors: amounts falling due after more than one year
9
(1,265,021)
(900,000)
Net assets
152,954 
1,138,215 
Capital and reserves
Called up share capital
2 
2 
Share premium
1,259,999 
1,259,999 
Profit and loss account
(1,107,047)
(121,786)
Shareholders' funds
152,954 
1,138,215 
For the period ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 September 2018.
Adam Handling Director Company Registration No. SC481330
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Adam Handling Limited Notes to the Accounts for the period from 1 May 2017 to 31 December 2017
1
Statutory information
Adam Handling Limited is a private company, limited by shares, registered in Scotland, registration number SC481330. The registered office is 470 Strathmartine Road, Dundee, DD3 9BU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the period from 1 May 2017 to 31 December 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2016. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% SL
Plant & machinery
20% SL
Motor vehicles
20% SL
Fixtures & fittings
20% SL
Computer equipment
20% SL
Other tangible fixed assets
20% SL
Intangible fixed assets
Separately acquired trademarks and licences are shown at historical cost. Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recongnised at fair value at the acquisition date. Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
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Adam Handling Limited Notes to the Accounts for the period from 1 May 2017 to 31 December 2017
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2017
32,367 
At 31 December 2017
32,367 
Amortisation
At 1 May 2017
- 
At 31 December 2017
- 
Net book value
At 31 December 2017
32,367 
At 30 April 2017
32,367 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2017
231,213 
75,071 
306,284 
Additions
1,634,949 
84,369 
1,719,318 
At 31 December 2017
1,866,162 
159,440 
2,025,602 
Depreciation
At 1 May 2017
16,273 
9,312 
25,585 
Charge for the period
54,088 
16,167 
70,255 
At 31 December 2017
70,361 
25,479 
95,840 
Net book value
At 31 December 2017
1,795,801 
133,961 
1,929,762 
At 30 April 2017
214,940 
65,759 
280,699 
6
Inventories
31/12/2017 
30/04/2017 
£ 
£ 
Raw materials
145,553 
36,588 
145,553 
36,588 
7
Debtors
31/12/2017 
30/04/2017 
£ 
£ 
Trade debtors
17,821 
88,291 
Accrued income and prepayments
22,602 
- 
Other debtors
252,401 
132,966 
292,824 
221,257 
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Adam Handling Limited Notes to the Accounts for the period from 1 May 2017 to 31 December 2017
8
Creditors: amounts falling due within one year
31/12/2017 
30/04/2017 
£ 
£ 
Bank loans and overdrafts
- 
20,000 
Trade creditors
678,054 
142,029 
Taxes and social security
126,360 
34,756 
Other creditors
59,931 
133,149 
Loans from directors
150,020 
- 
Accruals
127,631 
- 
1,141,996 
329,934 
9
Creditors: amounts falling due after more than one year
31/12/2017 
30/04/2017 
£ 
£ 
Bank loans
355,021 
- 
Other creditors
910,000 
900,000 
1,265,021 
900,000 
10
Average number of employees
During the period the average number of employees was 60 (30/04/2017: 20).
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