ACR Testing Solutions Ltd 30/06/2018 iXBRL

Statement of consent to prepare abridged financial statements

All of the members of ACR Testing Solutions Ltd have consented to the preparation of the abridged statement of financial position for the current year ending 30 June 2018 in accordance with Section 444(2A) of the Companies Act 2006.

Company registration number: 07302070

ACR Testing Solutions Ltd

Unaudited abridged financial statements

30 June 2018

ACR Testing Solutions Ltd

Contents

Directors and other information

Director's report

Accountant's report

Statement of income and retained earnings

Abridged statement of financial position

Notes to the financial statements

ACR Testing Solutions Ltd

Directors and other information


	Director	Mr Alan Robson


	Company number	07302070


	Registered office	58 Newington Drive
		Priors Haven
		North Shields
		Tyne & Wear
		NE29 9JA


	Business address	58 Newington Drive
		Priors Haven
		North Shields
		Tyne & Wear
		NE29 9JA


	Accountant	Feeney Madden
		2 Briar Edge
		Forest Hall
		Newcastle Upon Tyne
		NE12 7JN

ACR Testing Solutions Ltd

Director's report

Year ended 30 June 2018

The director presents his report and the unaudited financial statements of the company for the year ended 30 June 2018.

Director

The director who served the company during the year was as follows:

Mr Alan Robson

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 31 October 2018 and signed on behalf of the board by:

Mr Alan Robson

Director

ACR Testing Solutions Ltd

Report to the director on the preparation of the

unaudited statutory financial statements of ACR Testing Solutions Ltd

Year ended 30 June 2018

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 30 June 2018 which comprise the statement of income and retained earnings, abridged statement of financial position and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.

Feeney Madden

Accountants

2 Briar Edge

Forest Hall

Newcastle Upon Tyne

NE12 7JN

31 October 2018

ACR Testing Solutions Ltd

Statement of income and retained earnings

Year ended 30 June 2018

		2018	2017
	Note	£	£


Turnover		26,466	29,083
Administrative expenses		( 9,347)	( 10,743)
		_______	_______
Operating profit		17,119	18,340

		_______	_______
Profit before taxation	3	17,119	18,340

Tax on profit		( 3,418)	( 3,712)
		_______	_______
Profit for the financial year and total comprehensive income		13,701	14,628
		_______	_______

Dividends declared and paid or payable during the year		( 8,000)	( 13,700)

Retained earnings at the start of the year		1,285	357
		_______	_______
Retained earnings at the end of the year		6,986	1,285
		_______	_______

All the activities of the company are from continuing operations.

ACR Testing Solutions Ltd

Abridged statement of financial position

30 June 2018

		2018		2017
	Note	£	£	£	£

Fixed assets
Tangible assets	4	1,846		2,461
		_______		_______
			1,846		2,461

Current assets
Debtors		6,150		-
Cash at bank and in hand		8,614		3,824
		_______		_______
		14,764		3,824
Creditors: amounts falling due
within one year		( 9,622)		( 4,998)
		_______		_______
Net current assets/(liabilities)			5,142		( 1,174)
			_______		_______
Total assets less current liabilities			6,988		1,287

			_______		_______
Net assets			6,988		1,287
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			6,986		1,285
			_______		_______
Shareholders funds			6,988		1,287
			_______		_______

For the year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements were approved by the board of directors and authorised for issue on 31 October 2018 , and are signed on behalf of the board by:

Mr Alan Robson

Director

Company registration number: 07302070

ACR Testing Solutions Ltd

Notes to the financial statements

Year ended 30 June 2018

1. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

2. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

3. Profit before taxation

Profit before taxation is stated after charging/(crediting):

	2018	2017
	£	£
Depreciation of tangible assets	615	820
	_______	_______

4. Tangible assets


		£
	Cost
	At 1 July 2017 and 30 June 2018	4,968
		_______
	Depreciation
	At 1 July 2017	2,507
	Charge for the year	615
		_______
	At 30 June 2018	3,122
		_______
	Carrying amount
	At 30 June 2018	1,846
		_______
	At 30 June 2017	2,461
		_______