Abbreviated Company Accounts - AC ACCOUNTING LIMITED

Abbreviated Company Accounts - AC ACCOUNTING LIMITED


Registered Number 06753966

AC ACCOUNTING LIMITED

Abbreviated Accounts

30 November 2015

AC ACCOUNTING LIMITED Registered Number 06753966

Abbreviated Balance Sheet as at 30 November 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 667 2,667
Tangible assets 3 1 440
668 3,107
Current assets
Debtors 7,316 6,681
Cash at bank and in hand 14,849 3,363
22,165 10,044
Creditors: amounts falling due within one year (19,762) (7,497)
Net current assets (liabilities) 2,403 2,547
Total assets less current liabilities 3,071 5,654
Total net assets (liabilities) 3,071 5,654
Capital and reserves
Called up share capital 4 12 12
Profit and loss account 3,059 5,642
Shareholders' funds 3,071 5,654
  • For the year ending 30 November 2015 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 21 August 2016

And signed on their behalf by:
Mr A T Cory, Director

AC ACCOUNTING LIMITED Registered Number 06753966

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Office equipment 20% straight line

Other accounting policies
Transactions with the directors
The company pays rent to the Company director and secretary. During the year end 30 November 2015 the rent paid was £4,500 (2014 £4,500).
Included within creditors is an amount of £14,163 (2014 - £697) owed to the director of the Company.

2Intangible fixed assets
£
Cost
At 1 December 2014 10,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2015 10,000
Amortisation
At 1 December 2014 7,333
Charge for the year 2,000
On disposals -
At 30 November 2015 9,333
Net book values
At 30 November 2015 667
At 30 November 2014 2,667
3Tangible fixed assets
£
Cost
At 1 December 2014 2,853
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2015 2,853
Depreciation
At 1 December 2014 2,413
Charge for the year 439
On disposals -
At 30 November 2015 2,852
Net book values
At 30 November 2015 1
At 30 November 2014 440
4Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
2Ordinary shares of £1 each 2 2
10B Ordinary shares of £1 each 10 10