Company Registration No. 07412961 (England and Wales)
ACAREO LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2016
ACAREO LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ACAREO LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
520
Current assets
Debtors
1,249
5,688
Cash at bank and in hand
17,652
10,357
18,901
16,045
Creditors: amounts falling due within one year
(18,662)
(15,840)
Net current assets
239
205
Total assets less current liabilities
239
725
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
238
724
Shareholder's funds
239
725
For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 15 March 2017
A Oddy
Director
Company Registration No. 07412961
ACAREO LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
1/3 straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2015 & at 31 October 2016
2,528
Depreciation
At 1 November 2015
2,008
Charge for the year
520
At 31 October 2016
2,528
Net book value
At 31 October 2016
-
At 31 October 2015
520
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1
4
Related party relationships and transactions
ACAREO LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
4
Related party relationships and transactions
(Continued)
- 3 -
Loans to directors
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
A Oddy
-
-
1,249
-
-
1,249
-
1,249
-
-
1,249
The overdrawn directors loan account was repaid on 30 November 2016.