A.C.C. Packaging Ltd - Period Ending 2016-02-29

Registration number: SC243671

A.C.C. Packaging Ltd

Unaudited Abbreviated Accounts

for the Year Ended 29 February 2016
 

Roderick Gunkel and Associates Ltd
Orchardlea
Callander
FK17 8BG

A.C.C. Packaging Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
A.C.C. Packaging Ltd
for the Year Ended 29 February 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A.C.C. Packaging Ltd for the year ended 29 February 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a member of the Association Of Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook/accaglobal.com.

This report is made solely to the Board of Directors of A.C.C. Packaging Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of A.C.C. Packaging Ltd and state those matters that we have agreed to state to them, as a body . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.C.C. Packaging Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A.C.C. Packaging Ltd 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 A.C.C. Packaging Ltd. You consider that A.C.C. Packaging Ltd 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 A.C.C. Packaging Ltd. 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.

......................................

Roderick Gunkel and Associates Ltd
Orchardlea
Callander
FK17 8BG

28 April 2016

Page 1

A.C.C. Packaging Ltd
(Registration number: SC243671)
Abbreviated Balance Sheet at 29 February 2016

		Note			2016 £			2015 £
Fixed assets
Intangible fixed assets					60,496			60,496
Tangible fixed assets					2,340			4,420
					62,836			64,916
Current assets
Debtors					104,594			59,142
Cash at bank and in hand					74,447			125,609
					179,041			184,751
Creditors: Amounts falling due within one year					(167,050)			(184,488)
Net current assets					11,991			263
Total assets less current liabilities					74,827			65,179
Provisions for liabilities					(884)			(884)
Net assets					73,943			64,295
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					73,843			64,195
Shareholders' funds					73,943			64,295

For the year ending 29 February 2016 the company was entitled to exemption 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 directors acknowledge their 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 .

Approved by the Board on 28 April 2016 and signed on its behalf by:

.........................................
Stanley Frazher
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

A.C.C. Packaging Ltd
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	0% since 2014/15 (due to review)

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures, fittings, tools and equipment	20-50% reducing balance basis p.a.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 3

A.C.C. Packaging Ltd
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

Tangible fixed assets

		Fixtures and fittings £			Motor vehicles £			Total £
Cost or valuation
At 1 March 2015		3,422			5,750			9,172
Depreciation
At 1 March 2015		3,252			1,500			4,752
Charge for the year		80			2,000			2,080
At 29 February 2016		3,332			3,500			6,832
Net book value
At 29 February 2016		90			2,250			2,340
At 28 February 2015		170			4,250			4,420

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 March 2015		108,016			9,172			117,188
At 29 February 2016		108,016			9,172			117,188
Depreciation
At 1 March 2015		47,520			4,752			52,272
Charge for the year		-			2,080			2,080
At 29 February 2016		47,520			6,832			54,352
Net book value
At 29 February 2016		60,496			2,340			62,836
At 28 February 2015		60,496			4,420			64,916

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 4