2015-04-01 true false Private Limited Company 06558184 2016-03-31 06558184 2015-04-01 2016-03-31 06558184 2015-03-31 06558184 2014-04-01 2015-03-31 06558184 uk-bus:Director1 2015-04-01 2016-03-31 06558184 uk-bus:OrdinaryShareClass1 2016-03-31 iso4217:GBP
Acorn Surfacing Limited
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06558184
2
Contents Page
Acorn Surfacing Limited
For the year ended 31 March 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Acorn Surfacing Limited
As at 31 March 2016
06558184
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
33,243
16,440
33,243
16,440
Current assets
Debtors
5,498
13,430
Cash at bank and in hand
44,313
23,519
57,743
29,017
Creditors: amounts falling due within one year
(15,971)
(58,075)
13,046
(332)
Net current liabilities
Total assets less current liabilities
32,911
29,486
Creditors: amounts falling due after more than one year
-
(11,965)
20,946
Net assets
29,486
Capital and reserves
Called up share capital
2
3
2
Profit and loss account
20,944
29,484
20,946
29,486
Shareholders funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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 in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 05 July 2016
K P Greenwood Director
Signed on behalf of the board of directors
1 of 3
4
Notes to the Abbreviated Financial Statements
Acorn Surfacing Limited
For the year ended 31 March 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:Plant&Machinery 25% reducing balance.
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and
rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets
and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2 of 3
5
Notes to the Abbreviated Financial Statements
Acorn Surfacing Limited
For the year ended 31 March 2016
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
43,997
At 01 April 2015
35,283
Additions
(19,799)
Disposals
At 31 March 2016
59,481
Depreciation
27,557
At 01 April 2015
(12,400)
Disposals
11,081
Charge for year
26,238
At 31 March 2016
Net book values
At 31 March 2016
33,243
16,440
At 31 March 2015
3 Share capital
Allotted called up and fully paid
2016
2015
£
£
2 Ordinary shares of £1.00 each
2
2
2
2
3 of 3

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.