Company Registration No. 06585993 (England and Wales)
Adaptive Project Teams Limited
Unaudited accounts
for the year ended 31 May 2023
Adaptive Project Teams Limited
Company Information
for the year ended 31 May 2023
Company Number
06585993 (England and Wales)
Registered Office
Suite 2D
The Links
Herne Bay
Kent
CT6 7GQ
United Kingdom
Accountants
Crossley & Davis Limited
Suite 2D, The Links
Herne Bay
Kent
CT6 7GQ
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Adaptive Project Teams Limited for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Adaptive Project Teams Limited for the year ended
31 May 2023 as set out on pages
4 -
6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Adaptive Project Teams Limited, as a body, in accordance with the terms of our engagement letter dated 21 December 2017. Our work has been undertaken solely to prepare for your approval the accounts of Adaptive Project Teams Limited and state those matters that we have agreed to state to the Board of Directors of Adaptive Project Teams Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adaptive Project Teams Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Adaptive Project Teams Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Adaptive Project Teams Limited. You consider that Adaptive Project Teams 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 accounts of Adaptive Project Teams 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 accounts.
Crossley & Davis Limited
Chartered Accountants
Suite 2D, The Links
Herne Bay
Kent
CT6 7GQ
8 December 2023
Adaptive Project Teams Limited
Statement of financial position
as at 31 May 2023
Tangible assets
5,416
10,431
Cash at bank and in hand
16,947
33,551
Creditors: amounts falling due within one year
(17,543)
(10,218)
Net current assets
20,397
30,667
Total assets less current liabilities
25,813
41,098
Creditors: amounts falling due after more than one year
(22,000)
(28,000)
Called up share capital
4
4
Profit and loss account
3,809
13,094
Shareholders' funds
3,813
13,098
For the year ending 31 May 2023 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 10 December 2023 and were signed on its behalf by
Steven Knight
Director
Company Registration No. 06585993
Adaptive Project Teams Limited
Notes to the Accounts
for the year ended 31 May 2023
Adaptive Project Teams Limited is a private company, limited by shares, registered in England and Wales, registration number 06585993. The registered office is Suite 2D, The Links, Herne Bay, Kent, CT6 7GQ, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
19,972
13,621
33,593
At 31 May 2023
19,972
13,621
33,593
At 1 June 2022
17,891
5,271
23,162
Charge for the year
1,111
3,904
5,015
At 31 May 2023
19,002
9,175
28,177
At 31 May 2023
970
4,446
5,416
At 31 May 2022
2,081
8,350
10,431
Amounts falling due within one year
Other debtors
11,316
4,558
Adaptive Project Teams Limited
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
(1,217)
Taxes and social security
3,857
4,763
Other creditors
8,056
1,543
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).