Acrelec Uk Limited - Abbreviated accounts 16.1

Acrelec Uk Limited - Abbreviated accounts 16.1

ACRELEC UK LIMITED - Company Information

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REGISTERED NUMBER: 07210638 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Acrelec Uk Limited

Acrelec Uk Limited (Registered number: 07210638)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Acrelec Uk Limited

Company Information
for the Year Ended 31 December 2015







DIRECTORS: J G M Mangeot
J Souissi
S W Tiley





SECRETARY: Castlegate Secretaries Limited





REGISTERED OFFICE: East Wing, Focus 31
Mark Road
Hemel Hempstead
Hertfordshire
HP2 7BW





REGISTERED NUMBER: 07210638 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF
Page 1
Acrelec Uk Limited (Registered number: 07210638)

Abbreviated Balance Sheet
31 December 2015

31.12.15 31.12.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 17,626 29,669

CURRENT ASSETS
Stocks 243,414 156,632
Debtors 612,041 740,789
Cash at bank and in hand 50,080 563,371
905,535 1,460,792
CREDITORS
Amounts falling due within one year 708,149 1,183,141
NET CURRENT ASSETS 197,386 277,651
TOTAL ASSETS LESS CURRENT
LIABILITIES
215,012
307,320

CAPITAL AND RESERVES
Called up share capital 3 10,000 10,000
Profit and loss account 205,012 297,320
SHAREHOLDERS' FUNDS 215,012 307,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 June 2016 and were signed on its behalf by:





J G M Mangeot - Director


The notes form part of these abbreviated accounts

Page 2
Acrelec Uk Limited (Registered number: 07210638)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2015

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 January 2015).

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.

Plant and machinery etc - 33% on cost and 25% on cost

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.

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 January 2015 52,233
Additions 342
Disposals (2,519 )
At 31 December 2015 50,056
DEPRECIATION
At 1 January 2015 22,564
Charge for year 9,866
At 31 December 2015 32,430
NET BOOK VALUE
At 31 December 2015 17,626
At 31 December 2014 29,669

Page 3 continued...
Acrelec Uk Limited (Registered number: 07210638)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2015

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.15 31.12.14
value: £    £   
10,000 Ordinary £1 10,000 10,000

4. ULTIMATE PARENT COMPANY

The immediate parent company is MDIS International SAS which itself is owned by AKSOR SAS, a French
based holding company. The parent guarantees all outstanding liabilities that its subsidiary is subject to at the
end of its financial year.

Page 4