AC_ARCHITECTURE_LIMITED - Accounts


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
1
Notes to the abbreviated accounts
2 - 3
AC ARCHITECTURE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
1,750
2,000
Tangible assets
2
1,250
1,372
3,000
3,372
Current assets
Debtors
9,979
4,310
Cash at bank and in hand
50
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
3
100
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 -
1
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
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2015
2,500
2,683
5,183
Additions
-
841
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 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100Ordinary shares of £1 each
100
100
4
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.

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