REGISTERED NUMBER: 04134327 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 December 2016

for

A C & V Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs D M West

REGISTERED OFFICE:

15-17 Siddeley Way

Royal Oak Industrial Estate

Daventry

Northamptonshire

NN11 8PA

REGISTERED NUMBER:

04134327 (England and Wales)

ACCOUNTANTS:

Cottons

The Stables

Church Walk

Daventry

Northamptonshire

NN11 4BL

FIXED ASSETS

Tangible assets

4

2,347

2,769

CURRENT ASSETS

Stocks

4,200

4,200

Debtors

5

4,623

4,496

Cash at bank

122,786

107,509

131,609

116,205

CREDITORS

Amounts falling due within one year

6

131,287

118,929

NET CURRENT ASSETS/(LIABILITIES)

322

(2,724

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,669

45

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,667

43

SHAREHOLDERS' FUNDS

2,669

45

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 September 2017 and were signed by:

Mrs D M West - Director

1.	STATUTORY INFORMATION

A C & V Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2016

and 31 December 2016

18,904

50

4,303

23,257

DEPRECIATION

At 1 January 2016

16,296

50

4,142

20,488

Charge for year

261

-

161

422

At 31 December 2016

16,557

50

4,303

20,910

NET BOOK VALUE

At 31 December 2016

2,347

-

-

2,347

At 31 December 2015

2,608

-

161

2,769

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/16

31/12/15

£

£

Prepayments

4,623

4,496

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/16

31/12/15

£

£

Trade creditors

27,238

49,190

Tax

9,512

13,863

Social security and other taxes

7,773

8,294

Payments on Account

5,037

10,815

Directors' current accounts

63,027

28,027

Accruals and deferred income

18,700

8,740

131,287

118,929

7.	ULTIMATE CONTROLLING PARTY

AC & V Limited is jointly owned by Mr and Mrs M West.

8.	TRANSITION TO FRS 102

The company transitioned to FRS 102 on 1 January 2016. The director considered whether, in applying the

accounting policies required by FRS 102, the restatement of comparative figures was required. It was

considered that no restatements were required.