ACM Property Services UK Limited - Full Accounts

ACM PROPERTY SERVICES UK LIMITED - Company Information

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ACM Property Services UK Limited

FINANCIAL STATEMENTS

for the year ended 31st August 2016

ACM Property Services UK Limited

CONTENTS

for the year ended 31st August 2016

The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts

ACM Property Services UK Limited

Company No. 06202115

STATEMENT OF FINANCIAL POSITION

as at 31st August 2016

				2015
	Note	£	£	£
FIXED ASSETS
Property, plant and equipment	4		78614	62006
			78614	62006
CURRENT ASSETS
Inventories	5	850		850
Debtors	6	90249		120262
Cash at bank and in hand		3012		9492
		94111		130604
CURRENT LIABILITIES
Creditors: amounts falling due
within one year	7	125377		138186
NET CURRENT LIABILITIES			(31266)	(7582)
TOTAL ASSETS LESS CURRENT LIABILITIES			47348	54424

Creditors: amounts falling due
after more than one year	8		13866	23539

NET ASSETS			33482	30885

CAPITAL AND RESERVES
Called up share capital			1	1
Share premium account			115	-
Retained earnings			33366	30884

SHAREHOLDERS FUNDS			33482	30885

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st August 2016 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 8 March 2017

C M Macpherson

Director

Company Number 06202115 (England)

ACM Property Services UK Limited

NOTES TO THE ACCOUNTS

for the year ended 31st August 2016

1 Statutory information

ACM Property Services UK Limited is a private company limited by shares and registered under company number 06202115 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent.

These financial statements are presented in Sterling, which is the functional currency of the company.

2 Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles

25% reducing balance

Inventories

Inventories are valued at the lower of cost and expected selling price less any costs to sell.

Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the Company, are capitalised in the Statement of Financial Position and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the Statement of Financial Position as a liability.

The interest element of the rental obligations is charged to the Income Statement over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

3 Employee information

The average number of employees during the accounting period was 1 (2015 - 1).

4 Property, plant and equipment

		Plant
	Motor	and
	Vehicles	Machinery	Total
	£	£	£
Cost
At 1st September 2015	81027	6227	87254
Additions	-	24110	24110
At 31st August 2016	81027	30337	111364

Depreciation
At 1st September 2015	23691	1557	25248
Charge for year	6334	1168	7502
At 31st August 2016	30025	2725	32750

Net Book Value
At 31st August 2016	51002	27612	78614
At 31st August 2015	57336	4670	62006

Net book value of assets included above held
under finance leases and hire purchase contracts

At 31st August 2016	34752	-	34752
At 31st August 2015	46336	-	46336

5 Inventories	2016	2015
	£	£

Finished goods and goods for resale	850	850
	850	850

The difference between purchase price or production cost of inventories and their replacement cost is not material.

6 Debtors	2016	2015
	£	£

Trade Debtors	90038	120262
Other debtors	211	-
	90249	120262

7 Creditors: amounts falling due within one year	2016	2015
	£	£

Obligations under finance lease and hire purchase contracts	9673	9673
Trade Creditors	45291	26262
Corporation tax	3969	3526
Taxes and social security costs	57179	88680
Other creditors	9265	10045
	125377	138186

8 Creditors: amounts falling due after one year	2016	2015
	£	£

Obligations under finance lease and hire purchase contracts	13866	23539
	13866	23539

9 Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

	2016	2015
	£	£

C M Macpherson	600	1410
	600	1410