REGISTERED NUMBER: 07210058 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Acronym Edit and Production Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTOR:

Mr M Tondeur

REGISTERED OFFICE:

Chiltern Chambers

St Peters Avenue

Caversham

Reading

Berkshire

RG4 7DH

REGISTERED NUMBER:

07210058 (England and Wales)

ACCOUNTANTS:

Assets Limited

Chartered Accountants

Chiltern Chambers

St Peters Avenue

Caversham

Reading

Berkshire

RG4 7DH

FIXED ASSETS

Tangible assets

4

1,438

1,918

CURRENT ASSETS

Debtors

5

11,219

13,642

Cash at bank

4,323

412

15,542

14,054

CREDITORS

Amounts falling due within one year

6

16,381

15,447

NET CURRENT LIABILITIES

(839

)

(1,393

)

TOTAL ASSETS LESS CURRENT LIABILITIES

599

525

PROVISIONS FOR LIABILITIES

288

313

NET ASSETS

311

212

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

310

211

SHAREHOLDERS' FUNDS

311

212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 30 November 2018 and were signed by:

Mr M Tondeur - Director

1.	STATUTORY INFORMATION

Acronym Edit and Production 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.

Turnover

Turnover represents net invoiced sales of services excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% reducing balance

Computer equipment

-

25% reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

500

7,535

8,035

DEPRECIATION

At 1 April 2017

433

5,684

6,117

Charge for year

17

463

480

At 31 March 2018

450

6,147

6,597

NET BOOK VALUE

At 31 March 2018

50

1,388

1,438

At 31 March 2017

67

1,851

1,918

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

11,115

Directors' current accounts

8,692

-

Tax

2,527

2,527

11,219

13,642

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Tax

5,442

5,875

Social security and other taxes

798

409

VAT

8,477

4,845

Directors' current accounts

-

475

Accrued expenses

1,664

3,843

16,381

15,447

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and

31 March 2017:

2018

2017

£

£

Mr M Tondeur

Balance outstanding at start of year

(475

)

5,051

Amounts advanced

70,186

48,330

Amounts repaid

(61,019

)

(53,856

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,692

(475

)