Alceon Limited Small abbreviated accounts

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COMPANY REGISTRATION NUMBER 09875988

ALCEON LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

30 November 2016

STEWART ASSOCIATES SHREWSBURY LTD

Chartered Accountants

Emstrey House (North)

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6LG

ALCEON LIMITED

ABBREVIATED BALANCE SHEET

30 November 2016

		30 Nov 16
Note		£	£
Fixed Assets	2
Tangible assets			6,362

Current Assets

Stocks	36,859
Debtors	123,982
Cash at bank and in hand	14,950
	----------
	175,791
Creditors: Amounts Falling due Within One Year	81,700
	----------
Net Current Assets		94,091
		----------
Total Assets Less Current Liabilities		100,453
		----------

Capital and Reserves

Called up equity share capital	4	2
Profit and loss account		100,451
		----------
Shareholders' Funds		100,453
		----------

For the period from 17th November 2015 to 30th November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 10 November 2017 , and are signed on their behalf by:

Mr E Tyson

Company Registration Number: 09875988

ALCEON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

PERIOD FROM 17th NOVEMBER 2015 TO 30th NOVEMBER 2016

1. Accounting Policies

Basis of Accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Fixed Assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment-33.33% straight line

Work in Progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Operating Lease Agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Foreign Currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2. Fixed Assets

	Tangible Assets
	£

Cost

Additions	6,612
	-------
At 30th November 2016	6,612
	-------

Depreciation

Charge for period	250
	----
At 30th November 2016	250
	----

Net Book Value

At 30th November 2016	6,362
	-------

At 16th November 2015	–
	-------

3. Transactions With the Directors

The following loans (to) directors subsisted during the period ended 30th November 2016.

Mr A Henderson

		2016
		£
	Amounts advanced	34,691
		---------
	Balance outstanding at end of year	34,691
		---------

4. Share Capital

Allotted, called up and fully paid:

	No.	£
Ordinary shares of £ 1 each	2	2
	----	----

On incorporation 2 £1 ordinary shares were issued at par and fully paid for in cash.