Acanthus Property Letting Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04673079 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Acanthus Property Letting Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs R L Rix-Meo

REGISTERED OFFICE:

Number Sixty One

Alexandra Road

Lowestoft

Suffolk

NR32 1PL

REGISTERED NUMBER:

04673079 (England and Wales)

ACCOUNTANTS:

CUNNINGHAMS

Number Sixty One

Alexandra Road

Lowestoft

Suffolk

NR32 1PL

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

297,021

269,823

297,021

269,823

CURRENT ASSETS

Debtors

6

48,239

88,643

Cash at bank and in hand

191,368

163,816

239,607

252,459

CREDITORS

Amounts falling due within one year

7

376,144

376,794

NET CURRENT LIABILITIES

(136,537

)

(124,335

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

160,484

145,488

CREDITORS

Amounts falling due after more than one
year

8

-

10,013

NET ASSETS

160,484

135,475

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

160,474

135,465

SHAREHOLDERS' FUNDS

160,484

135,475

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 29 November 2017 and were signed by:

Mrs R L Rix-Meo - Director

1.	STATUTORY INFORMATION

Acanthus Property Letting Services Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Improvements to property

-

20% on cost

Fixtures and fittings

-

20% on cost and 20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on cost

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 8 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2016

and 31 March 2017

13,650

AMORTISATION

At 1 April 2016

and 31 March 2017

13,650

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2016

249,251

82,099

331,350

Additions

-

46,471

At 31 March 2017

249,251

128,570

377,821

DEPRECIATION

At 1 April 2016

43,204

18,323

61,527

Charge for year

4,985

14,288

19,273

At 31 March 2017

48,189

32,611

80,800

NET BOOK VALUE

At 31 March 2017

201,062

95,959

297,021

At 31 March 2016

206,047

63,776

269,823

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

26,444

DEPRECIATION

At 1 April 2016

9,520

Charge for year

3,385

At 31 March 2017

12,905

NET BOOK VALUE

At 31 March 2017

13,539

At 31 March 2016

16,924

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Other debtors

33,645

59,237

Directors' current accounts

10,268

24,600

Tax

3,645

4,141

Prepayments

681

665

48,239

88,643

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Bank loans and overdrafts

116,861

72,645

Hire purchase contracts

10,720

4,259

Trade creditors

223,364

276,642

Tax

11,515

17,341

Social security and other taxes

2,953

1,876

VAT

8,019

1,681

Other creditors

362

-

Accrued expenses

2,350

376,144

376,794

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.17

31.3.16

£

Hire purchase contracts

-

10,013

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and

31 March 2016:

31.3.17

31.3.16

£

Mrs R L Rix-Meo

Balance outstanding at start of year

24,600

2,580

Amounts advanced

2,425

22,020

Amounts repaid

(16,757

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

10,268

24,600

The company charged interest at 3.00% totalling £581 (2016: £402) on the overdrawn director's loan account

during the year.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £26,750 (2016 - £29,000) were paid to the director .