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ACA Laboratory Services Limited
Registered Number:02156364
For the year ended 31 August 2016
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2016
ACA Laboratory Services Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 August 2016
ACA Laboratory Services Limited
Statement of Financial Position
Registered Number :
02156364
£
£
2015
2016
Notes
Fixed assets
Property, plant and equipment
149,847
71,655
2
149,847
71,655
Current assets
Inventories
5,415
6,352
Trade and other receivables
68,826
24,359
3
12,751
Cash and cash equivalents
9,477
40,188
86,992
Trade and other payables: amounts falling due within one
year
(62,129)
(74,449)
4
24,863
(34,261)
Net current liabilities
Total assets less current liabilities
115,586
96,518
115,586
Net assets
96,518
Capital and reserves
Called up share capital
100,000
100,000
Retained earnings
15,586
(3,482)
115,586
96,518
Shareholders' funds
For the year ended 31 August 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Dr Andrew Chitolie Director
These financial statements were approved and authorised for issue by the Board on 11 May 2017 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2016
ACA Laboratory Services Limited
Notes to the Financial Statements
Statutory Information
ACA Laboratory Services Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 02156364.
Principal place of business:
25 Welbeck Street
London
W1G 8EN
Registered address:
International House
Cray Avenue
Orpington
Kent
BR5 3RS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
20% Reducing balance
Computer equipment
25% Reducing balance
Fixtures and fittings
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5
For the year ended 31 August 2016
ACA Laboratory Services Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 September 2015
161,910
4,336
29,396
128,178
127,986
2,165
-
125,821
Additions
At 31 August 2016
253,999
29,396
6,501
289,896
Provision for depreciation and impairment
At 01 September 2015
90,255
4,221
18,863
67,171
Charge for year
49,794
455
2,633
46,706
At 31 August 2016
140,049
4,676
21,496
113,877
At 31 August 2016
Net book value
140,122
7,900
1,825
149,847
At 31 August 2015
61,007
10,533
115
71,655
3. Trade and other receivables
2015
2016
£
£
Trade debtors
24,359
38,826
Other debtors
-
30,000
68,826
24,359
The debtors above include the following amounts falling due after more than one year:
Other debtors
-
30,000
4. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Bank loans and overdraft (secured)
14,055
33,618
Trade creditors
48,733
22,114
Taxation and social security
11,661
6,397
74,449
62,129
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