Acrokool Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01859195 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

30 SEPTEMBER 2015

FOR

ACROKOOL LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C A F Moore

R B Moore

SECRETARY:

C A F Moore

REGISTERED OFFICE:

Abbey House

51 High Street

Saffron Walden

Essex

CB10 1AF

REGISTERED NUMBER:

01859195 (England and Wales)

ACCOUNTANTS:

Benten & Co

Chartered Certified Accountants

Abbey House

51 High Street

Saffron Walden

Essex

CB10 1AF

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Acrokool Limited for the year ended 30 September 2015 which comprise the Profit and Loss

Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

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

This report is made solely to the Board of Directors of Acrokool Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Acrokool Limited and state those matters that we have agreed to state to the Board of Directors of Acrokool Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Acrokool Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Acrokool Limited. You consider that Acrokool Limited 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 financial statements of Acrokool Limited. 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 financial statements.

Benten & Co

Chartered Certified Accountants

Abbey House

51 High Street

Saffron Walden

Essex

CB10 1AF

29 June 2016

FIXED ASSETS

Tangible assets

2

464,734

472,180

CURRENT ASSETS

Stocks

113,682

124,511

Debtors

50,761

35,715

Cash at bank and in hand

609

454

165,052

160,680

CREDITORS

Amounts falling due within one year

3

188,588

161,272

NET CURRENT LIABILITIES

(23,536

)

(592

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

441,198

471,588

CREDITORS

Amounts falling due after more than one
year

3

495,880

485,988

NET LIABILITIES

(54,682

)

(14,400

)

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

120,127

Profit and loss account

(174,909

)

(134,627

)

SHAREHOLDERS' FUNDS

(54,682

)

(14,400

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 28 June 2016 and were signed on its behalf by:

R B Moore - Director

C A F Moore - 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 comprises the value of goods and services supplied by the company, net of Value Added Tax and

trade discounts.

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

-

2% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

33% 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

No provision has been made for deferred taxation as no timing differences are expected between the

recognition of gains and losses in the financial statements and their recognition for corporation tax purposes.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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 October 2014

671,850

Additions

1,678

At 30 September 2015

673,528

DEPRECIATION

At 1 October 2014

199,670

Charge for year

9,124

At 30 September 2015

208,794

NET BOOK VALUE

At 30 September 2015

464,734

At 30 September 2014

472,180

3.

CREDITORS

Creditors include an amount of £ 525,348 (2014 - £ 507,492 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

Repayable by instalments

489,598

469,593

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary shares of £1

£1

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year Mr R B Moore received interest of £2478 (2014 - £2478) in respect of a loan made to the

company.

Mr R B Moore has given a personal guarantee in respect of a mortgage of £98,958 (2014 - £98,958) included in

creditors, and Mr C A F Moore and Mr R B Moore have given personal guarantees in respect of a mortgage of

£370,635 (2014 - £370,635) included in creditors.

6.	RELATED PARTY DISCLOSURES

The company was charged consultancy fees of £NIL for the year (2014 - £NIL) in the normal course of
business by Mill Road Garages Limited. Mr R B Moore is a director of both Acrokool Limited and Mill Road Garages Limited .

The company rents property to Hughes Water Coolers Limited, a company controlled by Mr CAF Moore a director of the company . A normal commercial property rent of £17,000 (2014 £18,000) was receivable during
the year.

During the year no management fees were charged to Acrokool Limited (2014 £NIL). Hughes Water Coolers

Limited owed £4,375 at the balance sheet date (2014 were owed £1,601).

During the year the company borrowed an additional £2,755 from Gemstar Associates Ltd, a company

incorporated in England. Mr R B Moore is a director of both Acrokool Limited and Gemstar Associates

Limited. Gemstar Associates Limited is controlled by Mr R B Moore. At the balance sheet date £14,105 was

owed to Gemstar Associates Limited (2014 £11,350).

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr C A F Moore by virtue of his ownership of 100% of the issued share capital of the
company.

8.	GOING CONCERN

The financial statements have been prepared on a going concern basis. In the opinion of the directors this is

appropriate because they have undertaken to continue to support the company. The directors' current accounts

are interest free and unsecured, and the directors will not withdraw these funds in the forthcoming year. The

company is also dependent on the continued support of the bank. The directors have undertaken to introduce

further funds if the need arises.

The directors expect, therefore, that the company will be able to meet it's liabilities as they fall due.

If the company was unable to continue trading, adjustments would have to be made to reduce the value of assets

to their recoverable amount, to provide for any further liabilities which might arise, and to reclassify fixed

assets and long-term liabilities as current assets and liabilities.