ACM Property Services UK Limited - Abbreviated Accounts
ACM Property Services UK Limited - Abbreviated Accounts
Company No.
for the year ended 31st August 2015
Company No.
ABBREVIATED BALANCE SHEET
as at 31st August 2015
2014 | ||||||
Note | £ | £ | £ | |||
FIXED ASSETS | ||||||
Intangible assets | - | - | ||||
Tangible assets | 2 | |||||
Investments | - | - | ||||
CURRENT ASSETS | ||||||
Stocks | ||||||
Debtors | ||||||
Investments held as current assets | - | - | ||||
Cash at bank and in hand | ||||||
Creditors: amounts falling due | ||||||
within one year | ||||||
NET CURRENT (LIABILITIES)/ASSETS | ( | |||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||
Creditors: amounts falling due | ||||||
after more than one year | ||||||
Provisions for liabilities and charges | - | - | ||||
CAPITAL AND RESERVES | ||||||
Called up share capital | ||||||
Share premium account | - | - | ||||
Revaluation reserve | - | - | ||||
Other reserves | - | - | ||||
Profit and loss account | ||||||
SHAREHOLDERS FUNDS |
Approved by the Board on
Director
NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31st August 2015
1 Accounting Policies
Turnover
Depreciation
Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant, machinery and vehicles |
Stocks
Stock is valued at the lower of cost and net realisable value.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the Company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Tangible Fixed Assets | |
£ | |
Cost | |
At 1st September 2014 | |
Additions | |
Surplus on revaluation | - |
Disposals | ( |
At 31st August 2015 | |
Depreciation | |
At 1st September 2014 | |
Charge for year | |
Released by Disposals | ( |
At 31st August 2015 | |
Net Book Value | |
At 31st August 2015 | |
At 31st August 2014 | |
Net book value of assets included above held | |
under finance leases and hire purchase contracts | |
At 31st August 2015 | |
At 31st August 2014 |