Acorn Trailer and Caravan Hire Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07072176 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

ACORN TRAILER AND CARAVAN HIRE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S.A. West

Mrs. P.M. West

REGISTERED OFFICE:

1 High Street

Thatcham

Berks

RG19 3JG

REGISTERED NUMBER:

07072176 (England and Wales)

ACCOUNTANTS:

C B Heslop & Company Limited

Chartered Accountants

1 High Street

Thatcham

Berks

RG19 3JG

FIXED ASSETS

Intangible assets

2

13,670

17,087

Tangible assets

3

22,280

23,513

35,950

40,600

CURRENT ASSETS

Debtors

383

1,882

Cash at bank

888

278

1,271

2,160

CREDITORS

Amounts falling due within one year

150,410

151,114

NET CURRENT LIABILITIES

(149,139

)

(148,954

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(113,189

)

(108,354

)

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

(113,190

)

(108,355

)

SHAREHOLDERS' FUNDS

(113,189

)

(108,354

)

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 24 September 2016 and were signed on its behalf
by:

Mrs. P.M. West - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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

-

25% on reducing balance

Caravans

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

34,172

AMORTISATION

At 1 January 2015

17,085

Amortisation for year

3,417

At 31 December 2015

20,502

NET BOOK VALUE

At 31 December 2015

13,670

At 31 December 2014

17,087

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

63,390

Additions

7,600

Disposals

(2,500

)

At 31 December 2015

68,490

DEPRECIATION

At 1 January 2015

39,877

Charge for year

7,425

Eliminated on disposal

(1,092

)

At 31 December 2015

46,210

NET BOOK VALUE

At 31 December 2015

22,280

At 31 December 2014

23,513

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

1

ordinary

1

5.	BALANCE SHEET POSITION

The balance sheet shows an overall deficit of £113,189.The Directors are satisfied that the Company can meet its

liabilities as they fall due.The directors are the main creditors, the balance due to the directors from the company

at the Balance Sheet date was £128,319.