Registered Number 04024620

AC ASSOCIATES UK LIMITED

Abbreviated Accounts

30 June 2016

AC ASSOCIATES UK LIMITED Registered Number 04024620

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 444,521 445,135
444,521 445,135
Current assets
Cash at bank and in hand 80,769 100,473
80,769 100,473
Creditors: amounts falling due within one year (67,436) (22,704)
Net current assets (liabilities) 13,333 77,769
Total assets less current liabilities 457,854 522,904
Total net assets (liabilities) 457,854 522,904
Capital and reserves
Called up share capital 4 4
Profit and loss account 457,850 522,900
Shareholders' funds 457,854 522,904
  • For the year ending 30 June 2016 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 17 March 2017

And signed on their behalf by:
W A Crosby, Director

AC ASSOCIATES UK LIMITED Registered Number 04024620

Notes to the Abbreviated Accounts for the period ended 30 June 2016

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 amounts receivable for goods and services net of trade discounts and VAT.

Tangible assets depreciation policy
Depreciation has been charged at the following annual rates in order to write off each asset over its estimated life:-
Fixtures & Fittings Depreciation at 25% per annum on written down value.

2Tangible fixed assets
£
Cost
At 1 July 2015 461,167
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2016 461,167
Depreciation
At 1 July 2015 16,032
Charge for the year 614
On disposals -
At 30 June 2016 16,646
Net book values
At 30 June 2016 444,521
At 30 June 2015 445,135