ACOUSTIC_CEILINGS_UK_LIMI - Accounts

ACOUSTIC_CEILINGS_UK_LIMI - Accounts

ACOUSTIC CEILINGS UK LTD - Company Information

Print Friendly Version

Company Registration No. 05042725 (England and Wales)
ACOUSTIC CEILINGS UK LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2014
ACOUSTIC CEILINGS UK LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ACOUSTIC CEILINGS UK LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2014
28 February 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
2,000
4,000
Tangible assets
2
20,635
5,063
22,635
9,063
Current assets
Debtors
76,861
77,877
76,861
77,877
Creditors: amounts falling due within one year
3
(50,724)
(71,264)
Net current assets
26,137
6,613
Total assets less current liabilities
48,772
15,676
Creditors: amounts falling due after more than one year
(14,100)
-
0
Provisions for liabilities
(3,806)
-
0
30,866
15,676
Capital and reserves
Called up share capital
4
2
2
Profit and loss account
30,864
15,674
Shareholders' funds
30,866
15,676
ACOUSTIC CEILINGS UK LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2014
28 February 2014
- 2 -
For the financial year ended 28 February 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 18 September 2014
Mr N Hall
Mrs T Hall
Director
Director
Company Registration No. 05042725
ACOUSTIC CEILINGS UK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2014
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 March 2013
20,000
20,693
40,693
Additions
-
0
22,450
22,450
At 28 February 2014
20,000
43,143
63,143
Depreciation
At 1 March 2013
16,000
15,630
31,630
Charge for the year
2,000
6,878
8,878
At 28 February 2014
18,000
22,508
40,508
Net book value
At 28 February 2014
2,000
20,635
22,635
At 28 February 2013
4,000
5,063
9,063
ACOUSTIC CEILINGS UK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2014
- 4 -
3
Creditors: amounts falling due within one year

National Westminister Bank PLC has an outstanding unsecured mortgage debenture charge registered over the company dated 20 October 2005.

4
Share capital
2014
2013
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
5
Related party relationships and transactions
Advances and credits to directors
Advances and credits granted to the directors during the year are outlined in the table below:
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
N Hall - Advances and credits
-
5,383
37,394
-
38,463
4,314
T Hall - Advances and credits
-
3,713
36,986
-
38,422
2,277
9,096
74,380
-
76,885
6,591
The director current accounts were cleared by dividend within 9 months of the year end.
2014-02-282013-03-01truetruetruefalsetruetruetmp4D4C.html2014-09-18050427252013-03-012014-02-28050427252014-02-28050427252013-02-28050427252013-02-2805042725uk-bus:Director12013-03-012014-02-2805042725uk-bus:Director22013-03-012014-02-2805042725uk-gaap:ComputerEquipment2013-03-012014-02-2805042725uk-gaap:FixturesFittingsToolsEquipment2013-03-012014-02-2805042725uk-gaap:MotorVehicles2013-03-012014-02-2805042725uk-bus:OrdinaryShareClass12013-03-012014-02-2805042725uk-bus:OrdinaryShareClass12014-02-2805042725uk-bus:OrdinaryShareClass12013-02-2805042725uk-bus:CompanySecretary2013-03-012014-02-2805042725uk-bus:Director12014-02-2805042725uk-bus:CompanySecretary2014-02-2805042725uk-bus:AllEntityOfficers2013-03-012014-02-2805042725uk-bus:AllEntityOfficers2014-02-2805042725uk-curr:PoundSterling2013-03-012014-02-28xbrli:purexbrli:sharesiso4217:GBP