Acanthus Clews Architects Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 02978854 (England and Wales)

Acanthus Clews Architects Ltd

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

to

4

Notes to the Abbreviated Accounts

5

to

6

DIRECTORS:

D Finlay

S Myhill

M Smith

C J Finlay

SECRETARY:

S Myhill

REGISTERED OFFICE:

Acanthus House

57 Hightown Road

Banbury

Oxfordshire

OX16 9BE

REGISTERED NUMBER:

02978854 (England and Wales)

ACCOUNTANTS:

Tearle & Carver Limited

Chandos House

School Lane

Buckingham

Buckinghamshire

MK18 1HD

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

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to six) have been prepared.

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

the financial statements of Acanthus Clews Architects Ltd for the year ended 31 October 2016 which

comprise the Profit and Loss Account, the 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 Board of Directors of Acanthus Clews Architects Ltd, as a body, in accordance with the terms of our engagement letter dated 1 November 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Acanthus Clews Architects Ltd and state those matters that we have agreed to state to the Board of Directors of Acanthus Clews Architects Ltd, as a body, 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 Acanthus Clews Architects Ltd Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Acanthus Clews Architects 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 Acanthus Clews Architects Ltd. You consider that Acanthus Clews Architects 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 Acanthus Clews Architects 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.

Tearle & Carver Limited

Chandos House

School Lane

Buckingham

Buckinghamshire

MK18 1HD

21 March 2017

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

75,611

91,070

75,611

91,070

CURRENT ASSETS

Debtors

234,051

193,721

Cash at bank and in hand

257,961

238,029

492,012

431,750

CREDITORS

Amounts falling due within one year

166,016

152,637

NET CURRENT ASSETS

325,996

279,113

TOTAL ASSETS LESS CURRENT
LIABILITIES

401,607

370,183

CREDITORS

Amounts falling due after more than one
year

(6,878

)

(14,911

)

PROVISIONS FOR LIABILITIES

(4,028

)

(4,322

)

NET ASSETS

390,701

350,950

CAPITAL AND RESERVES

Called up share capital

4

50,000

Other reserves

7,818

Profit and loss account

332,883

293,132

SHAREHOLDERS' FUNDS

390,701

350,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 March 2017 and were signed on its
behalf by:

M Smith - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1994, is being amortised evenly over its estimated useful life of twenty years.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

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 the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

120,000

AMORTISATION

At 1 November 2015

and 31 October 2016

120,000

NET BOOK VALUE

At 31 October 2016

-

At 31 October 2015

-

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 November 2015

177,377

74,763

100,990

195,280

548,410

Additions

6,451

755

-

11,514

18,720

Disposals

-

(7,800

)

-

(7,800

)

At 31 October 2016

183,828

75,518

93,190

206,794

559,330

DEPRECIATION

At 1 November 2015

168,311

70,475

43,759

174,795

457,340

Charge for year

2,898

1,198

14,291

15,083

33,470

Eliminated on disposal

-

(7,091

)

-

(7,091

)

At 31 October 2016

171,209

71,673

50,959

189,878

483,719

NET BOOK VALUE

At 31 October 2016

12,619

3,845

42,231

16,916

75,611

At 31 October 2015

9,066

4,288

57,231

20,485

91,070

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

50,000

Ordinary

£1

50,000

5.	ULTIMATE CONTROLLING PARTY

The company considers there to be no ultimate controlling party.