Company Registration No. 04454136 (England and Wales)
ACAX LIMITED
Unaudited accounts
for the year ended 31 March 2017
ACAX LIMITED
Unaudited accounts
Contents
ACAX LIMITED
Company Information
for the year ended 31 March 2017
Company Number
04454136 (England and Wales)
Registered Office
SHILTON HOUSE
56 PARK AVENUE NORTH
NORTHAMPTON
NORTHAMPTONSHIRE
NN3 2JE
ACAX LIMITED
Statement of financial position
as at 31 March 2017
Intangible assets
15,275
29,375
Cash at bank and in hand
27,413
5,911
Creditors: amounts falling due within one year
(27,852)
(26,653)
Net current assets/(liabilities)
16,686
(3,128)
Called up share capital
1
1
Profit and loss account
32,361
26,781
Shareholders' funds
32,362
26,782
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 12 December 2017.
K D Hall
Director
Company Registration No. 04454136
ACAX LIMITED
Notes to the Accounts
for the year ended 31 March 2017
ACAX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04454136. The registered office is SHILTON HOUSE, 56 PARK AVENUE NORTH, NORTHAMPTON, NORTHAMPTONSHIRE, NN3 2JE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
14,100
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.
ACAX LIMITED
Notes to the Accounts
for the year ended 31 March 2017
5
Tangible fixed assets
Computer equipment
Trade debtors
17,125
17,614
7
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
22,718
18,275
Loans from directors
4,496
7,999
8
Average number of employees
During the year the average number of employees was 2 (2016: 2).