REGISTERED NUMBER: 03663304 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st July 2017

for

ACARDIA LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D G Shearer

P J Coyle

Miss S P Castle

R Sessford

SECRETARY:

Miss S P Castle

REGISTERED OFFICE:

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

REGISTERED NUMBER:

03663304 (England and Wales)

ACCOUNTANTS:

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon CR0 0YN

FIXED ASSETS

Tangible assets

4

375

750

CURRENT ASSETS

Debtors

5

154,037

207,230

Investments

6

-

181,867

Cash at bank

179,152

504,854

333,189

893,951

CREDITORS

Amounts falling due within one year

7

255,780

90,212

NET CURRENT ASSETS

77,409

803,739

TOTAL ASSETS LESS CURRENT LIABILITIES

77,784

804,489

CAPITAL AND RESERVES

Called up share capital

600

600

Share premium

59,100

59,100

Capital redemption reserve

400

400

Retained earnings

17,684

744,389

SHAREHOLDERS' FUNDS

77,784

804,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 30th April 2018 and were signed on its behalf by:

R Sessford - Director

1.	STATUTORY INFORMATION

Acardia 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.

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.

The company continues to sell computer hardware, related products and maintenance contracts. The

directors monitor cash flow on a regular basis and believe that the business has sufficient resources for the

foreseeable future. As a result, the going concern basis of accounting has been adopted.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31st July 2017 are the first that are prepared in accordance with

FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of

transition to FRS 102 Section 1A is 1st August 2015.

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.

Fixtures & fittings 25% on cost

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

Current assets investments

Current asset investments are stated at their market value at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st August 2016

and 31st July 2017

18,110

DEPRECIATION

At 1st August 2016

17,360

Charge for year

375

At 31st July 2017

17,735

NET BOOK VALUE

At 31st July 2017

375

At 31st July 2016

750

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

132,409

173,858

Other debtors

9,250

9,250

Accrued income

8,388

20,283

Prepayments

3,990

3,839

154,037

207,230

6.	CURRENT ASSET INVESTMENTS

31.7.17

31.7.16

£

£

Listed investments

-

181,867

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade creditors

83,808

33,153

Tax

1,823

(2,541

)

Social security and other taxes

3,798

7,552

VAT

8,371

2,353

Other creditors

696

740

Directors' loan accounts

135,000

-

Accrued expenses

22,284

48,955

255,780

90,212

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr R Sessford, by virtue of his shareholding in the company's parent, Jumbo IT

Services Limited.