REGISTERED NUMBER: 03663304 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st July 2016

for

ACARDIA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D G Shearer

P J Coyle

Miss S P Castle

SECRETARY:

Miss S P Castle

REGISTERED OFFICE:

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

REGISTERED NUMBER:

03663304 (England and Wales)

ACCOUNTANTS:

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon CR0 0YN

FIXED ASSETS

Tangible assets

2

750

1,687

CURRENT ASSETS

Debtors

207,230

242,677

Investments

181,867

172,057

Cash at bank

504,854

609,776

893,951

1,024,510

CREDITORS

Amounts falling due within one year

90,212

74,658

NET CURRENT ASSETS

803,739

949,852

TOTAL ASSETS LESS CURRENT LIABILITIES

804,489

951,539

CAPITAL AND RESERVES

Called up share capital

3

600

600

Share premium

59,100

59,100

Revaluation reserve

32,528

22,057

Capital redemption reserve

400

400

Profit and loss account

711,861

869,382

SHAREHOLDERS' FUNDS

804,489

951,539

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 28th April 2017 and were signed on its behalf by:

D G Shearer - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company continues to sell computer hardware, related products and maintenance contracts. The directors

monitor cash flow on a regular basis and believe that the business has sufficient resources for the foreseeable

future. As a result, the going concern basis of accounting has been adopted.

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.

Tangible fixed assets

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

Fixtures & fittings 25% 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.

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.

Current assets investments

Current asset investments are stated at their market value at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st August 2015

and 31st July 2016

18,110

DEPRECIATION

At 1st August 2015

16,423

Charge for year

937

At 31st July 2016

17,360

NET BOOK VALUE

At 31st July 2016

750

At 31st July 2015

1,687

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

600

Ordinary

£1

600

600