ADS Investments Limited 30/04/2018 iXBRL

Company registration number: 00684030

ADS Investments Limited

Unaudited filleted financial statements

30 April 2018

ADS Investments Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

ADS Investments Limited

Directors and other information


	Director	Mrs M Davies


	Secretary	Mrs M Davies


	Company number	00684030


	Registered office	45/49 Greek Street
		Stockport
		Cheshire
		SK3 8AX


	Accountants	Downham Morris & Co
		45/49 Greek Street
		Stockport
		Cheshire
		SK3 8AX




	Bankers	National Westminster Bank Plc
		Market Place
		Hyde
		Cheshire
		SK14 2LY

ADS Investments Limited

Chartered certified accountants' report to the director on the preparation of the

unaudited statutory financial statements of ADS Investments Limited

Year ended 30 April 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ADS Investments Limited for the year ended 30 April 2018 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the director of ADS Investments Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of ADS Investments Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ADS Investments Limited and its director as a body for our work or for this report.

It is your duty to ensure that ADS Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ADS Investments Limited. You consider that ADS Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ADS Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Downham Morris & Co

Chartered Certified Accountants

45/49 Greek Street

Stockport

Cheshire

SK3 8AX

15 October 2018

ADS Investments Limited

Statement of financial position

30 April 2018

		2018		2017
	Note	£	£	£	£

Fixed assets
Investments	5	1,476,108		1,083,987
		_______		_______
			1,476,108		1,083,987

Current assets
Debtors	6	143,879		154,857
Cash at bank and in hand		61,085		385,207
		_______		_______
		204,964		540,064
Creditors: amounts falling due
within one year	7	( 780,256)		( 769,302)
		_______		_______
Net current liabilities			( 575,292)		( 229,238)
			_______		_______
Total assets less current liabilities			900,816		854,749

			_______		_______
Net assets			900,816		854,749
			_______		_______

Capital and reserves
Called up share capital			1,010		1,010
Share premium account			4,135		4,135
Fair value reserve			219,440		219,440
Profit and loss account			676,231		630,164
			_______		_______
Shareholder funds			900,816		854,749
			_______		_______

For the year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has 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 their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 15 October 2018 , and are signed on behalf of the board by:

.........................

Mrs M Davies

Director

Company registration number: 00684030

ADS Investments Limited

Notes to the financial statements

Year ended 30 April 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 45/49 Greek Street, Stockport, Cheshire, SK3 8AX.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	15 %	straight line
Motor vehicles	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 May 2017 and 30 April 2018	9,097	12,732	21,829
	_______	_______	_______
Depreciation
At 1 May 2017 and 30 April 2018	9,097	12,732	21,829
	_______	_______	_______
Carrying amount
At 30 April 2018	-	-	-
	_______	_______	_______
At 30 April 2017	-	-	-
	_______	_______	_______

5. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 May 2017	1,083,987	1,083,987
Additions	392,121	392,121
	_______	_______
At 30 April 2018	1,476,108	1,476,108
	_______	_______
Impairment
At 1 May 2017 and 30 April 2018	-	-
	_______	_______
Carrying amount
At 30 April 2018	1,476,108	1,476,108
	_______	_______
At 30 April 2017	1,083,987	1,083,987
	_______	_______

The director considers that the fair value of the investment properties at the year end date was that of the carrying value.

6. Debtors

	2018	2017
	£	£
Trade debtors	17,128	32,039
Other debtors	126,751	122,818
	_______	_______
	143,879	154,857
	_______	_______

7. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	5,285	8,843
Corporation tax	10,806	8,906
Social security and other taxes	3,697	4,217
Other creditors	760,468	747,336
	_______	_______
	780,256	769,302
	_______	_______

8. Directors advances, credits and guarantees

	Balance brought forward and o/standing	Balance brought forward and o/standing
	2018	2017
	£	£
Mrs M Davies	667,455	667,455
	_______	_______

9. Controlling party

The company was under the control of its director during the year by virtue of her shareholding.