REGISTERED NUMBER: 07500575 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

ADOMAST MANUFACTURING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Sherling Esq

G M Bell Esq

REGISTERED OFFICE:

4 Prince Albert Road

London

NW1 7SN

REGISTERED NUMBER:

07500575 (England and Wales)

ACCOUNTANTS:

Scodie Deyong LLP

Chartered Accountants

4 Prince Albert Road

London

NW1 7SN

FIXED ASSETS

Tangible assets

2

60,127

31,726

CURRENT ASSETS

Stocks

47,189

28,631

Debtors

317,080

209,370

Cash at bank and in hand

13,879

12,130

378,148

250,131

CREDITORS

Amounts falling due within one year

3

1,306,965

1,006,734

NET CURRENT LIABILITIES

(928,817

)

(756,603

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(868,690

)

(724,877

)

CREDITORS

Amounts falling due after more than one year

3

14,771

3,333

NET LIABILITIES

(883,461

)

(728,210

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(883,561

)

(728,310

)

SHAREHOLDERS' FUNDS

(883,461

)

(728,210

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 15 January 2016 and were signed on its behalf by:

G M Bell Esq - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company made a net loss for the year of £155,251 (2014: £179,917) and has net liabilities of £883,461

(2014: £728,210) at the balance sheet date.

The company's parent undertaking has confirmed that it will continue to support the company for the forseeable

future should additional funding be required.

The directors, therefore, consider preparation of the accounts on a going concern basis to be applicable.

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

74,204

Additions

42,958

At 31 March 2015

117,162

DEPRECIATION

At 1 April 2014

42,478

Charge for year

14,557

At 31 March 2015

57,035

NET BOOK VALUE

At 31 March 2015

60,127

At 31 March 2014

31,726

3.

CREDITORS

Creditors include an amount of £ 28,126 (2014 - £ 12,250 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

1,351

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

5.	ULTIMATE PARENT COMPANY

Bracken Trading Limited is regarded by the directors as being the company's ultimate parent company.