A.C.S.L. LTD - Accounts to registrar (filleted)

REGISTERED NUMBER: 06774946 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

A.C.S.L. LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

J Mulrooney

REGISTERED OFFICE:

Suite 3.4c

Exchange Court

1 Dale Street

Liverpool

Merseyside

L2 2PP

REGISTERED NUMBER:

06774946 (England and Wales)

ACCOUNTANTS:

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

FIXED ASSETS

Tangible assets

4

4,933

5,126

CURRENT ASSETS

Debtors

5

57,065

36,472

Prepayments and accrued income

57,839

127,657

Cash at bank and in hand

89,075

19,325

203,979

183,454

CREDITORS

Amounts falling due within one year

6

129,397

188,251

NET CURRENT ASSETS/(LIABILITIES)

74,582

(4,797

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

79,515

329

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

79,415

229

SHAREHOLDERS' FUNDS

79,515

329

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

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

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 director on 28 September 2018 and were signed by:

J Mulrooney - Director

1.	STATUTORY INFORMATION

A.C.S.L. 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.

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 represents invoiced services excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

The company does not depreciate fixed assets in the year they are purchased.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2016 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2017

13,009

Additions

1,451

At 31 December 2017

14,460

DEPRECIATION

At 1 January 2017

7,883

Charge for year

1,644

At 31 December 2017

9,527

NET BOOK VALUE

At 31 December 2017

4,933

At 31 December 2016

5,126

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

Trade debtors

54,833

34,491

Other debtors

2,232

1,981

57,065

36,472

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

Bank loans and overdrafts

-

2,417

Taxation and social security

32,985

34,998

Other creditors

96,412

150,836

129,397

188,251

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.17

31.12.16

£

Bank overdraft

-

2,417

The bank overdraft is secured by a debenture covering the company's assets.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

100

Ordinary

£1

100

9.

RESERVES

Retained

earnings

£

At 1 January 2017

229

Profit for the year

79,186

At 31 December 2017

79,415

10.	RELATED PARTY DISCLOSURES

Included in other creditors at the balance sheet date is an amount of £50,402 (2016: £66,378) relating

to J Mulrooney's directors loan account.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Joe Mulrooney by virtue of his 100% shareholding in the company,

however an agreement between the company and the loan investors states that the investors must be

consulted on all matters of a non operational nature.

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Director are not required to be filed with the Registrar

of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of A.C.S.L. LTD for the year ended 31 December 2017 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of A.C.S.L. LTD in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A.C.S.L. LTD and state those matters that we have agreed to state to the director of A.C.S.L. LTD in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.C.S.L. LTD and its director for our work or for this report.

It is your duty to ensure that A.C.S.L. LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A.C.S.L. LTD. You consider that A.C.S.L. LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A.C.S.L. LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

Date: .............................................