Acorn Valley Ltd - Accounts to registrar (filleted) - small 17.3

Acorn Valley Ltd - Accounts to registrar (filleted) - small 17.3


IRIS Accounts Productionv17.3.1.10609426117director1.4.1631.3.1731.3.17falsetruefalsefalsetruefalseiso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure094261172016-03-31094261172017-03-31094261172016-04-012017-03-31094261172015-03-31094261172015-04-012016-03-31094261172016-03-3109426117ns15:EnglandWales2016-04-012017-03-3109426117ns14:PoundSterling2016-04-012017-03-3109426117ns10:Director12016-04-012017-03-3109426117ns10:PrivateLimitedCompanyLtd2016-04-012017-03-3109426117ns10:SmallEntities2016-04-012017-03-3109426117ns10:AuditExempt-NoAccountantsReport2016-04-012017-03-3109426117ns10:SmallCompaniesRegimeForDirectorsReport2016-04-012017-03-3109426117ns10:SmallCompaniesRegimeForAccounts2016-04-012017-03-3109426117ns10:FullAccounts2016-04-012017-03-3109426117ns10:RegisteredOffice2016-04-012017-03-3109426117ns5:CurrentFinancialInstruments2017-03-3109426117ns5:CurrentFinancialInstruments2016-03-3109426117ns5:ShareCapital2017-03-3109426117ns5:ShareCapital2016-03-3109426117ns5:RetainedEarningsAccumulatedLosses2017-03-3109426117ns5:RetainedEarningsAccumulatedLosses2016-03-3109426117ns5:MotorVehicles2016-04-012017-03-3109426117ns5:MotorVehicles2016-03-3109426117ns5:MotorVehicles2017-03-3109426117ns5:MotorVehicles2016-03-3109426117ns5:BetweenOneFiveYears2017-03-3109426117ns5:BetweenOneFiveYears2016-03-3109426117ns10:Director112016-03-3109426117ns10:Director112015-03-3109426117ns10:Director112016-04-012017-03-3109426117ns10:Director112015-04-012016-03-3109426117ns10:Director112017-03-3109426117ns10:Director112016-03-31


REGISTERED NUMBER: 09426117(England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2017

for

Acorn Valley Ltd

Acorn Valley Ltd (Registered number: 09426117)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Acorn Valley Ltd

Company Information
for the Year Ended 31 March 2017







DIRECTOR: Ben Gardiner





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX





BUSINESS ADDRESS: 248 Southampton Road
Portsmouth
Hampshire
PO6 4QD





REGISTERED NUMBER: 09426117(England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

Acorn Valley Ltd (Registered number: 09426117)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 750

CURRENT ASSETS
Debtors 5 11,637 9,345
Cash at bank 4 3
11,641 9,348
CREDITORS
Amounts falling due within one year 6 11,525 10,014
NET CURRENT ASSETS/(LIABILITIES) 116 (666 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

116

84

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 115 83
SHAREHOLDERS' FUNDS 116 84

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Acorn Valley Ltd (Registered number: 09426117)

Balance Sheet - continued
31 March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 29 January 2018and were signed by:





Ben Gardiner- Director


Acorn Valley Ltd (Registered number: 09426117)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Acorn Valley Ltd is a private company, limited by shares, registered in England and Wales.
The company's registered number and registered office address can be found on the
Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
This is the first year the company has presented its financial statements under Financial
Reporting Standard 102 Section 1a (FRS102 (1a)) issued by the Financial Reporting
Council. The last financial statements for the year ended 31 March 2016, were prepared
under the previous UK GAAP. The transition date to FRS102 (1a) is therefore 01 April 2016..

There were no material adjustments required on transition to FRS102 (1a) and as such it
has not been necessary to restate prior year comparatives following implementation of
FRS102 (1a).


Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that
have been enacted or substantively enacted by the balance sheet date.


Acorn Valley Ltd (Registered number: 09426117)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements. Deferred
tax is measured using tax rates and laws that have been enacted or substantively enacted
by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it
is probable that they will be recovered against the reversal of deferred tax liabilities or other
future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over
the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1(2016 - 1) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2016 1,000
Disposals (1,000 )
At 31 March 2017 -
DEPRECIATION
At 1 April 2016 250
Eliminated on disposal (250 )
At 31 March 2017 -
NET BOOK VALUE
At 31 March 2017 -
At 31 March 2016 750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Directors' current accounts 11,637 9,345

Acorn Valley Ltd (Registered number: 09426117)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Bank loans and overdrafts 1,129 484
Corporation tax 7,235 6,313
Social security and other taxes 43 790
Wages control - 1,251
VAT 368 -
Accrued expenses 2,750 1,176
11,525 10,014

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.17 31.3.16
£    £   
Between one and five years 3,913 9,390

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended
31 March 2017 and 31 March 2016:

31.3.17 31.3.16
£    £   
Ben Gardiner
Balance outstanding at start of year 9,345 -
Amounts advanced 2,292 9,345
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,637 9,345

Included in debtors is an amount due from the director of £11,637 (2016 - £9,345). This
loan is interest free, undated, unsecured and repayable on demand.


9. ULTIMATE CONTROLLING PARTY

The controlling party is Ben Gardiner.