Abbreviated Company Accounts - ACORN BUILDING CONTRACTORS LIMITED

ACORN BUILDING CONTRACTORS LIMITED - Company Information

02782547 ACORN BUILDING CONTRACTORS LIMITED 2016-02-28 false 2015-03-01 2016-02-28 true 02782547 2015-03-01 2016-02-28 02782547 2016-02-28 02782547 2015-02-28 02782547 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 02782547 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 02782547

ACORN BUILDING CONTRACTORS LIMITED

Abbreviated Accounts

28 February 2016

ACORN BUILDING CONTRACTORS LIMITED Registered Number 02782547

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	4,148	5,531
		4,148	5,531
Current assets
Stocks		15,756	102,104
Debtors		43,666	34,168
Cash at bank and in hand		156	4,930
		59,578	141,202
Prepayments and accrued income		3,689	-
Creditors: amounts falling due within one year		(43,655)	(102,834)
Net current assets (liabilities)		19,612	38,368
Total assets less current liabilities		23,760	43,899
Total net assets (liabilities)		23,760	43,899
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		23,758	43,897
Shareholders' funds		23,760	43,899

For the year ending 28 February 2016 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 14 October 2016

And signed on their behalf by:
P Deighton, Director

ACORN BUILDING CONTRACTORS LIMITED Registered Number 02782547

Notes to the Abbreviated Accounts for the period ended 28 February 2016

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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Valuation information and policy
Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2Tangible fixed assets

	£
Cost
At 1 March 2015	29,468
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	29,468
Depreciation
At 1 March 2015	23,937
Charge for the year	1,383
On disposals	-
At 28 February 2016	25,320
Net book values
At 28 February 2016	4,148
At 28 February 2015	5,531

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2