Registered Number 06717886

ACANTHUS ACCOUNTANCY LIMITED

Abbreviated Accounts

31 December 2012

ACANTHUS ACCOUNTANCY LIMITED Registered Number 06717886

Abbreviated Balance Sheet as at 31 December 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 253 506
253 506
Current assets
Debtors 5,310 6,191
Cash at bank and in hand 3,636 10,914
8,946 17,105
Creditors: amounts falling due within one year (8,614) (11,473)
Net current assets (liabilities) 332 5,632
Total assets less current liabilities 585 6,138
Provisions for liabilities (51) (101)
Total net assets (liabilities) 534 6,037
Capital and reserves
Called up share capital 1 1
Profit and loss account 533 6,036
Shareholders' funds 534 6,037
  • For the year ending 31 December 2012 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 27 September 2013

And signed on their behalf by:
S B Lawrence, Director

ACANTHUS ACCOUNTANCY LIMITED Registered Number 06717886

Notes to the Abbreviated Accounts for the period ended 31 December 2012

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 chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Office equipment 33.3% straight line & 25% reducing balance

Other accounting policies
Deferred tax
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatement of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE.

Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2Tangible fixed assets
£
Cost
At 1 January 2012 1,848
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2012 1,848
Depreciation
At 1 January 2012 1,342
Charge for the year 253
On disposals -
At 31 December 2012 1,595
Net book values
At 31 December 2012 253
At 31 December 2011 506