Acorn Group Holdings Limited - Abbreviated accounts

Registered number

02741191

Acorn Group Holdings Limited

Abbreviated Accounts

30 June 2013

Acorn Group Holdings Limited
Registered number:		02741191
Abbreviated Balance Sheet
as at 30 June 2013

Notes			2013			2012
£				£
Fixed assets
Intangible assets	2		-			-
Tangible assets	3		1,991,135			1,986,347
Investments	4		-			-
			1,991,135			1,986,347

Current assets
Stocks		-			-
Debtors	5	479,336			472,485
Investments held as current assets		125,000			125,000
Cash at bank and in hand		168,063			140,141
		772,399			737,626

Creditors: amounts falling due within one year		(190,962)			(163,788)

Net current assets			581,437			573,838

Total assets less current liabilities			2,572,572			2,560,185

Creditors: amounts falling due after more than one year			(1,631,758)			(1,694,587)

Provisions for liabilities			-			-


Net assets			940,814			865,598

Capital and reserves
Called up share capital	7		115,100			115,100
Share premium			-			-
Revaluation reserve			-			-
Capital redemption reserve			-			-
Profit and loss account			825,714			750,498

Shareholders' funds			940,814			865,598

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



A Mohammed
Director
Approved by the board on 26 March 2014

Acorn Group Holdings Limited
Notes to the Abbreviated Accounts
for the year ended 30 June 2013

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line
	Motor vehicles			25% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	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.


2	Intangible fixed assets					£

	Cost
	At 1 July 2012					-
	Additions					-
	Disposals					-
	At 30 June 2013					-

	Amortisation
	At 1 July 2012					-
	Provided during the year					-
	On disposals					-
	At 30 June 2013					-

	Net book value
	At 30 June 2013					-
	At 30 June 2012					-


3	Tangible fixed assets					£

	Cost
	At 1 July 2012					2,041,813
	Additions					7,850
	Surplus on revaluation					-
	Disposals					-
	At 30 June 2013					2,049,663

	Depreciation
	At 1 July 2012					55,466
	Charge for the year					3,062
	Surplus on revaluation					-
	On disposals					-
	At 30 June 2013					58,528

	Net book value
	At 30 June 2013					1,991,135
	At 30 June 2012					1,986,347


4	Investments					£

	Cost
	At 1 July 2012					-
	Additions					-
	Disposals					-

	At 30 June 2013					-

	The company holds 20% or more of the share capital of the following companies:

Capital and							Profit (loss)
	Company	Shares held				reserves	for the year
		Class		%	£		£
	[Company name 1]	Ordinary		-		-		-
	[Company name 2]	Ordinary		-		-		-
	[Company name 3]	Ordinary		-		-		-
	[Company name 4]	Ordinary		-		-		-

5	Debtors					2013		2012
£							£
	Debtors include:

	Amounts due after more than one year					-		-


6	Loans					2013		2012
£							£
	Creditors include:
	Amounts falling due for payment after more than five years					-		-
	Secured bank loans					-		-


7	Share capital	Nominal		2013		2013		2012
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		115,100		115,100
	B Ordinary shares	£1 each		-		-		-
						115,100		115,100
	? Preference shares	£1 each		-		-		-
						115,100		115,100

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		-		-
	B Ordinary shares	£1 each		-		-
						-
	? Preference shares	£1 each		-		-
						-


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	[Director 1]
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-

	[Director 2]
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-

	[Director 3]
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-

	[Director 4]
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-

	[Director 5]
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-

	[Director 6]
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-

	[Director 7]
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-

	[Director 8]
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-

	[Director 9]
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-

		-		-		-		-


9	Guarantees made by the company on behalf of directors
	Description and terms			Maximum	Amount paid
liability					and incurred
£					£
	[Director 1]
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-

	[Director 2]
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-

	[Director 3]
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-

	[Director 4]
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-

	[Director 5]
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-

	[Director 6]
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-

	[Director 7]
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-

	[Director 8]
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-

	[Director 9]
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-

				-		-