AC_ARCHITECTURE_LIMITED - Accounts

AC ARCHITECTURE LIMITED - Company Information

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Company Registration No. 08214227 (England and Wales)

AC ARCHITECTURE LIMITED

ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

AC ARCHITECTURE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

AC ARCHITECTURE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

1,750

2,000

Tangible assets

1,250

1,372

3,000

3,372

Current assets

Debtors

9,979

4,310

Cash at bank and in hand

450

10,029

4,760

Creditors: amounts falling due within one year

(12,363)

(7,435)

Net current liabilities

(2,334)

(2,675)

Total assets less current liabilities

666

697

Capital and reserves

Called up share capital

100

Profit and loss account

566

597

Shareholders' funds

666

697

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 14 July 2016

Mr A Crick

Director

Company Registration No. 08214227

AC ARCHITECTURE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

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 January 2015).

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:

Plant and machinery

25% reducing balance

Computer equipment

3 years straight line

Fixtures, fittings & equipment

25% reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 January 2015

2,500

2,683

5,183

Additions

841

At 31 December 2015

2,500

3,524

6,024

Depreciation

At 1 January 2015

500

1,311

1,811

Charge for the year

250

963

1,213

At 31 December 2015

750

2,274

3,024

Net book value

At 31 December 2015

1,750

1,250

3,000

At 31 December 2014

2,000

1,372

3,372

AC ARCHITECTURE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Other transactions

At the balance sheet date the director Mr A Crick owed the company £5,188 (2014: £3,241). This is shown in other debtors.