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REGISTERED NUMBER: 04420080 (England and Wales)















Financial Statements for the Year Ended 31 March 2017

for

Acres Engineering Limited

Acres Engineering Limited (Registered number: 04420080)






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


Acres Engineering Limited

Company Information
for the Year Ended 31 March 2017







DIRECTORS: A R Parker
A D Orme
L Parker





SECRETARY: A R Parker





REGISTERED OFFICE: Unit A
Castle Lane
Melbourne
Derbyshire
DE73 8JB





REGISTERED NUMBER: 04420080 (England and Wales)

Acres Engineering Limited (Registered number: 04420080)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 11,000 13,200
Tangible assets 6 73,953 81,979
84,953 95,179

CURRENT ASSETS
Stocks 70,797 191,054
Debtors 7 514,193 613,346
Cash at bank and in hand 65,284 29,023
650,274 833,423
CREDITORS
Amounts falling due within one year 8 290,283 540,566
NET CURRENT ASSETS 359,991 292,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

444,944

388,036

PROVISIONS FOR LIABILITIES 15,144 16,580
NET ASSETS 429,800 371,456

CAPITAL AND RESERVES
Called up share capital 2,220 2,220
Retained earnings 427,580 369,236
SHAREHOLDERS' FUNDS 429,800 371,456

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 directors acknowledge their 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.

Acres Engineering Limited (Registered number: 04420080)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 2 June 2017 and were signed on its behalf by:





L Parker - Director


Acres Engineering Limited (Registered number: 04420080)

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

1. STATUTORY INFORMATION

Acres Engineering Limited 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.

2. STATEMENT OF COMPLIANCE

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 company transitioned from previously extant UK GAAP to FRS102
Section 1A as at 1 April 2015. There has been no effect on the policies or on the opening equity and profit for
the current or comparative periods.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.

Acres Engineering Limited (Registered number: 04420080)

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

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2016
and 31 March 2017 44,000
AMORTISATION
At 1 April 2016 30,800
Charge for year 2,200
At 31 March 2017 33,000
NET BOOK VALUE
At 31 March 2017 11,000
At 31 March 2016 13,200

Acres Engineering Limited (Registered number: 04420080)

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

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2016 312,408
Additions 13,911
At 31 March 2017 326,319
DEPRECIATION
At 1 April 2016 230,429
Charge for year 21,937
At 31 March 2017 252,366
NET BOOK VALUE
At 31 March 2017 73,953
At 31 March 2016 81,979

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2016 24,100
Transfer to ownership (24,100 )
At 31 March 2017 -
DEPRECIATION
At 1 April 2016 15,409
Transfer to ownership (15,409 )
At 31 March 2017 -
NET BOOK VALUE
At 31 March 2017 -
At 31 March 2016 8,691

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 500,617 598,571
Other debtors 13,576 14,775
514,193 613,346

Acres Engineering Limited (Registered number: 04420080)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Bank loans and overdrafts 46,174 213,631
Hire purchase contracts - 1,842
Trade creditors 51,863 126,686
Taxation and social security 76,921 89,927
Other creditors 115,325 108,480
290,283 540,566

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.17 31.3.16
£    £   
Bank overdrafts 46,174 213,631
Hire purchase contracts - 1,842
46,174 215,473

The bank facility is secured by a fixed and floating charge over the current and future assets of the company.

The factoring facility is secured by a fixed charge over the trade debtors of the company.

The hire purchase contracts are secured over the assets to which they relate.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors is £35,673 (2016: £39,361) which is owing to the company directors. This loan is interest
free and repayable upon demand.

11. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by the directors, by virtue of their joint majority holding of the issued share
capital.