ACP Environmental Ltd - Period Ending 2015-12-31

ACP Environmental Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015

Schonhut Carr & Co.
Chartered Accountants
Thames House
Mayo Road
Walton on Thames
Surrey
KT12 2QA

ACP Environmental Ltd
Contents

Abbreviated Balance Sheet

1 to 2

Notes to the Abbreviated Accounts

3 to 5

ACP Environmental Ltd
(Registration number: 02902353)
Abbreviated Balance Sheet at 31 December 2015

	Note	2015 £	2014 £
Fixed assets
Tangible fixed assets		512,717	498,798
Current assets
Stocks		8,000	7,000
Debtors		417,763	373,909
Cash at bank and in hand		210,724	222,598
		636,487	603,507
Creditors: Amounts falling due within one year		(196,589)	(236,256)
Net current assets		439,898	367,251
Total assets less current liabilities		952,615	866,049
Creditors: Amounts falling due after more than one year		(319,295)	(331,433)
Net assets		633,320	534,616
Capital and reserves
Called up share capital	4	200	200
Share premium account		204,900	204,900
Profit and loss account		428,220	329,516
Shareholders' funds		633,320	534,616

For the year ending 31 December 2015 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 22 April 2016 and signed on its behalf by:

.........................................
Mr A Ripley
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

ACP Environmental Ltd
(Registration number: 02902353)
Abbreviated Balance Sheet at 31 December 2015
......... continued

.........................................
Mr S M Sinclair
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

ACP Environmental Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

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:

Asset class	Depreciation method and rate
Motor vehicles	25% on reducing balance
Office equipment	15% on reducing balance
Plant and machinery	25% on reducing balance
Freehold land and buildings	Straight line over 50 years

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Page 3

ACP Environmental Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 January 2015	584,752	584,752
Additions	34,202	34,202
Disposals	(7,325)	(7,325)
At 31 December 2015	611,629	611,629
Depreciation
At 1 January 2015	85,954	85,954
Charge for the year	17,636	17,636
Eliminated on disposals	(4,678)	(4,678)
At 31 December 2015	98,912	98,912
Net book value
At 31 December 2015	512,717	512,717
At 31 December 2014	498,798	498,798

Creditors

Included in the creditors are the following amounts due after more than five years:

	2015 £	2014 £

After more than five years by instalments	209,931	222,068

4	Share capital

Allotted, called up and fully paid shares

	2015			2014
		No.	£		No.	£
Ordinary of £1 each		200	200		200	200

Page 4

ACP Environmental Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

5	Related party transactions

Directors' advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
Mr S M Sinclair
Directors loan	-	-	-	50,357

Page 5