1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% reducing balance
Fixtures and Fittings 25% reducing balance
Computer equipment 25% reducing balance

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Transactions with Directors
During the year all directors used a current account with the company to record amounts due to them and amounts drawn by them. The amounts are repayable on demand and do not carry interest.
The accounts show an amount owing back to Gareth Bowden as a director as at 31st August 2016 of £3,995.77 (2015: £15.13).
The balance of £1,065.31 which was owed back from Gavin Bowden (deceased) as a director during the accounting year to the 31st August 2016 has been written off as not recoverable. The amount owed back to Gavin Bowden as at 31st August 2015 was £274.06.
The accounts show an amount owing back to Paul Stevens as a director as at 31st August 2016 of £108.00.

Related party transactions
Jade Bowden
Jade Bowden is the Wife of company director Gareth Bowden. During the year wages and pension costs totalling £5,369.92 were incurred in relation to Jade Bowden as an employee of Adhesive Backed Materials Ltd.

Ultimate controlling party
Mr Gareth Bowden, Estate for Mr Gavin Bowden (deceased) and Mr Cyril Bowden each hold 33.3% of the share capital of the company. As Mr Gareth Bowden works full time in the business and controls the daily running of the company, he is actually the company's ultimate controlling party.