Abbreviated Company Accounts - ACG LIMITED

Registered Number 01611876

ACG LIMITED

Abbreviated Accounts

31 March 2016

ACG LIMITED Registered Number 01611876

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	156	301
		156	301
Current assets
Stocks		175	175
Debtors		7,187	4,855
Cash at bank and in hand		32,060	35,345
		39,422	40,375
Net current assets (liabilities)		39,422	40,375
Total assets less current liabilities		39,578	40,676
Creditors: amounts falling due after more than one year		(3,692)	(3,589)
Total net assets (liabilities)		35,886	37,087
Reserves
Other reserves		3,840	2,936
Income and expenditure account		32,046	34,151
Members' funds		35,886	37,087

For the year ending 31 March 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 19 November 2016

And signed on their behalf by:
Gordon Adams, Director
Rosemary Bird, Director

ACG LIMITED Registered Number 01611876

Notes to the Abbreviated Accounts for the period ended 31 March 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
Incoming resources are accounted for on a received basis. The unexpired part of members' subscriptions is carried forward in the Balance Sheet to the next accounting period as part of current liabilities.

Tangible assets depreciation policy
All tangible fixed assets are stated at cost less depreciation. Depreciation has been provided at the following rates in order to write off the assets (less their estimated residual value) over their useful economic lives.
Office Equipment 20% on cost
Computer Equipment 33% on cost
Fixtures & Fittings 20% on cost
A regular annual review of the likelihood of asset impairment is undertaken.

Intangible assets amortisation policy
Rentals payable in respect of operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the Statement of the Financial Activities as incurred.

Other accounting policies
Restricted Funds
Funds received by ACG Ltd which are given for a specific purpose rather than for the general work of the charity are accounted for under restricted funds.

Net income is stated after charging Depreciation & Independent Examiner's fees.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 April 2015	6,682
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	6,682
Depreciation
At 1 April 2015	6,381
Charge for the year	145
On disposals	-
At 31 March 2016	6,526
Net book values
At 31 March 2016	156
At 31 March 2015	301