Company Registration No. 04661117 (England and Wales)
ACORN INSULATION SOUTH WEST LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2014
ACORN INSULATION SOUTH WEST LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ACORN INSULATION SOUTH WEST LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2014
2012
Notes
£
£
£
£
Current assets
Debtors
1
14,029
Cash at bank and in hand
1,849
1
15,878
Creditors: amounts falling due within one year
(948)
Total assets less current liabilities
1
14,930
Capital and reserves
Called up share capital
2
1
1
Profit and loss account
14,929
Shareholders' funds
1
14,930
For the financial Period ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 10 September 2014
Mr T M Horsley
Director
Company Registration No. 04661117
ACORN INSULATION SOUTH WEST LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 JUNE 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% Straight line
Fixtures, fittings & equipment
25% Straight line
Motor vehicles
25% Straight line
2
Share capital
2014
2012
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1
3
Ultimate parent company
The ultimate controlling party is the Company Secretary, Mr Phillip Jones, by virtue of his shareholding.
Related Party
The director, Mr Trevor Horsley, is also a director of Western Thermal Limited. During the period Acorn Insulation South West Limited wrote off a balance owed from Western Thermal Limited of £13,674 (2012 debtor £13,674)