Registered Number 07264852

ACACIA PROPERTY MAINTENANCE LTD

Abbreviated Accounts

31 May 2016

ACACIA PROPERTY MAINTENANCE LTD Registered Number 07264852

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,811 2,094
1,811 2,094
Current assets
Cash at bank and in hand 135 1,122
135 1,122
Creditors: amounts falling due within one year (4,967) (6,198)
Net current assets (liabilities) (4,832) (5,076)
Total assets less current liabilities (3,021) (2,982)
Creditors: amounts falling due after more than one year (22,814) (22,171)
Total net assets (liabilities) (25,835) (25,153)
Capital and reserves
Called up share capital 1 1
Profit and loss account (25,836) (25,154)
Shareholders' funds (25,835) (25,153)
  • For the year ending 31 May 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 February 2017

And signed on their behalf by:
Mr P Chapman, Director

ACACIA PROPERTY MAINTENANCE LTD Registered Number 07264852

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared on the historical basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The company has taken advantage of the exemption, conferred by Financial Reporting Standard 1, from presenting a cash flow as it qualifies as a small company.

The Company was insolvent at the balance sheet date to the extent of £25,835. The director Paul Chapman has provided finance to the company of £22,813. The Board has reviewed the financial requirements of the company over the next 12 months and are advised that the director will continue to support the company.

Turnover policy
Turnover represents net invoices sales of goods and services, excluding Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:

Motor Vehicles 25% on a reducing balance basis
Equipment, fixtures and fittings 15% on a reducing balance basis
Plant and Machinery 15% on a reducing balance basis

2Tangible fixed assets
£
Cost
At 1 June 2015 6,661
Additions 179
Disposals -
Revaluations -
Transfers -
At 31 May 2016 6,840
Depreciation
At 1 June 2015 4,567
Charge for the year 462
On disposals -
At 31 May 2016 5,029
Net book values
At 31 May 2016 1,811
At 31 May 2015 2,094