Acegrand Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01874689 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2015

FOR

ACEGRAND LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G Conway

M Conway

R Conway

SECRETARY:

S B Conway

REGISTERED OFFICE:

85/87 High Street West

Glossop

Derbyshire

SK13 8AZ

REGISTERED NUMBER:

01874689 (England and Wales)

ACCOUNTANTS:

Crossfields

Chartered Accountants

85/87 High Street West

Glossop

Derbyshire

SK13 8AZ

FIXED ASSETS

Tangible assets

2

187,861

188,450

CURRENT ASSETS

Stocks

46,365

44,394

Debtors

7,041

6,145

Cash at bank and in hand

15,865

26,802

69,271

77,341

CREDITORS

Amounts falling due within one year

93,598

99,769

NET CURRENT LIABILITIES

(24,327

)

(22,428

)

TOTAL ASSETS LESS CURRENT LIABILITIES

163,534

166,022

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

163,434

165,922

SHAREHOLDERS' FUNDS

163,534

166,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 10 December 2015 and were signed on its behalf by:

G Conway - Director

1.	ACCOUNTING POLICIES

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, 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.

Freehold property

-

not provided

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

10% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

197,753

DEPRECIATION

At 1 May 2014

9,303

Charge for year

589

At 30 April 2015

9,892

NET BOOK VALUE

At 30 April 2015

187,861

At 30 April 2014

188,450

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100