Acorn Valley Ltd - Accounts to registrar (filleted) - small 18.2

Acorn Valley Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 09426117(England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

Acorn Valley Ltd

Acorn Valley Ltd (Registered number: 09426117)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Acorn Valley Ltd

Company Information
for the Year Ended 31 March 2018







DIRECTOR: Ben Gardiner





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





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 2018

31.3.18 31.3.17
Notes £    £   
CURRENT ASSETS
Debtors 4 22,155 11,637
Cash at bank 3,376 4
25,531 11,641
CREDITORS
Amounts falling due within one year 5 25,397 11,525
NET CURRENT ASSETS 134 116
TOTAL ASSETS LESS CURRENT
LIABILITIES

134

116

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 133 115
SHAREHOLDERS' FUNDS 134 116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

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 14 December 2018and were signed by:



Ben Gardiner- Director


Acorn Valley Ltd (Registered number: 09426117)

Notes to the Financial Statements
for the Year Ended 31 March 2018

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.

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.

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.

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.

Acorn Valley Ltd (Registered number: 09426117)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1(2017 - 1) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Other debtors 22,155 11,637

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Bank loans and overdrafts - 1,129
Taxation and social security 22,346 7,646
Other creditors 3,051 2,750
25,397 11,525

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.18 31.3.17
£    £   
Between one and five years - 3,913

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.18 31.3.17
value: £    £   
1 Ordinary £1 1 1

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended
31 March 2018 and 31 March 2017:

31.3.18 31.3.17
£    £   
Ben Gardiner
Balance outstanding at start of year 11,637 9,345
Amounts advanced 10,518 2,292
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,155 11,637

Acorn Valley Ltd (Registered number: 09426117)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Included in debtors is an amount due from the director of £22,155 (2017 - £11,637). This
loan is interest free, undated, unsecured and repayable on demand.

9. RELATED PARTY DISCLOSURES

The controlling party is Ben Gardiner.