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REGISTERED NUMBER: 03972978 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2017

for

Acadia Timber Ltd

Acadia Timber Ltd (Registered number: 03972978)






Contents of the Financial Statements
for the Year Ended 30 April 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Acadia Timber Ltd

Company Information
for the Year Ended 30 April 2017







DIRECTOR: M W Jones





SECRETARY: Mrs J Jones





REGISTERED OFFICE: 229 Goldsmith Avenue
Southsea
Hampshire
PO4 OBS





REGISTERED NUMBER: 03972978 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

Acadia Timber Ltd (Registered number: 03972978)

Abridged Balance Sheet
30 April 2017

30.4.17 30.4.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,807 2,122

CURRENT ASSETS
Stocks 24,062 25,433
Debtors 3,538 1,908
Cash at bank and in hand 111 259
27,711 27,600
CREDITORS
Amounts falling due within one year 45,223 44,555
NET CURRENT LIABILITIES (17,512 ) (16,955 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,705

)

(14,833

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (15,707 ) (14,835 )
SHAREHOLDERS' FUNDS (15,705 ) (14,833 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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.

Acadia Timber Ltd (Registered number: 03972978)

Abridged Balance Sheet - continued
30 April 2017


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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 October 2017 and were signed by:





M W Jones - Director


Acadia Timber Ltd (Registered number: 03972978)

Notes to the Financial Statements
for the Year Ended 30 April 2017

1. STATUTORY INFORMATION

Acadia Timber 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.
Plant & machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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.


Acadia Timber Ltd (Registered number: 03972978)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2017

2. ACCOUNTING POLICIES - continued
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 5 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2016 24,154
Additions 388
At 30 April 2017 24,542
DEPRECIATION
At 1 May 2016 22,032
Charge for year 703
At 30 April 2017 22,735
NET BOOK VALUE
At 30 April 2017 1,807
At 30 April 2016 2,122

5. RELATED PARTY DISCLOSURES

M W Jones
Director


30.4.17 30.4.16
£    £   
Amount due to related party at the balance sheet date 12,785 17,716

Acadia Timber Ltd (Registered number: 03972978)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2017

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M W Jones.

7. GOING CONCERN

The Financial Statements have been prepared on the going concern basis of accounting. At the
Balance Sheet date the company had net current liabilities of £17,512, and net liabilities of £15,705.
The director has indicated his continuing support for the company and has made monies available
since the balance sheet date to ensure that liabilities have been met as and when they have fallen
due. The Financial Statements include no adjustments should this basis of accounting prove to be
inappropriate.