Abbreviated Company Accounts - AC ACCOUNTING LIMITED

Abbreviated Company Accounts - AC ACCOUNTING LIMITED


Registered Number 06753966

AC ACCOUNTING LIMITED

Abbreviated Accounts

30 November 2013

AC ACCOUNTING LIMITED Registered Number 06753966

Abbreviated Balance Sheet as at 30 November 2013

Notes 2013 2012
£ £
Fixed assets
Intangible assets 2 4,667 6,667
Tangible assets 3 1,010 1,180
5,677 7,847
Current assets
Debtors 5,327 6,593
Cash at bank and in hand 3,136 9,274
8,463 15,867
Creditors: amounts falling due within one year (11,579) (20,272)
Net current assets (liabilities) (3,116) (4,405)
Total assets less current liabilities 2,561 3,442
Total net assets (liabilities) 2,561 3,442
Capital and reserves
Called up share capital 4 2 2
Profit and loss account 2,559 3,440
Shareholders' funds 2,561 3,442
  • For the year ending 30 November 2013 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 1 August 2014

And signed on their behalf by:
Mr A T Cory, Director

AC ACCOUNTING LIMITED Registered Number 06753966

Notes to the Abbreviated Accounts for the period ended 30 November 2013

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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off assets over their estimated useful lives.

Office equipment 20% straight line

Other accounting policies
Transactions with the directors
The company pays rent to the Company director and secretary. During the year end 30 November 2013 the rent paid was £4,500 (2012 - £4,500). Included in creditors is an amount of £5,579 (2012 - £15,772) owed to the director of the Company.

2Intangible fixed assets
£
Cost
At 1 December 2012 10,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2013 10,000
Amortisation
At 1 December 2012 3,333
Charge for the year 2,000
On disposals -
At 30 November 2013 5,333
Net book values
At 30 November 2013 4,667
At 30 November 2012 6,667
3Tangible fixed assets
£
Cost
At 1 December 2012 2,453
Additions 400
Disposals -
Revaluations -
Transfers -
At 30 November 2013 2,853
Depreciation
At 1 December 2012 1,273
Charge for the year 570
On disposals -
At 30 November 2013 1,843
Net book values
At 30 November 2013 1,010
At 30 November 2012 1,180
4Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
2Ordinary shares of £1 each 2 2