ACOM SOLUTIONS LTD - Filleted accounts

Registered number

07285389

ACOM SOLUTIONS LTD

Filleted Accounts

31 March 2018

ACOM SOLUTIONS LTD
Registered number:		07285389
Balance Sheet
as at 31 March 2018

Notes			2018			2017
£				£
Fixed assets
Tangible assets	2		3,212			4,818

Current assets
Debtors	3	91,397			156,946
Cash at bank and in hand		95,228			111,091
		186,625			268,037

Creditors: amounts falling due within one year	4	(12,493)			(85,459)

Net current assets			174,132			182,578

Net assets			177,344			187,396

Capital and reserves
Called up share capital			100			100
Profit and loss account			177,244			187,296

Shareholder's funds			177,344			187,396

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Asif Shabir
Director
Approved by the board on 19 December 2018

ACOM SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2018


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses.

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.



2	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2017				8,030
	At 31 March 2018				8,030

	Depreciation
	At 1 April 2017				3,212
	Charge for the year				1,606
	At 31 March 2018				4,818

	Net book value
	At 31 March 2018				3,212
	At 31 March 2017				4,818


3	Debtors		2018		2017
£				£

	Trade debtors		25,380		150,846
	Other debtors		66,017		6,100
			91,397		156,946


4	Creditors: amounts falling due within one year		2018		2017
£				£

	Taxation and social security costs		6,656		73,283
	Other creditors		5,837		12,176
			12,493		85,459


5	Other information

	ACOM SOLUTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is: