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Registered number: 03509150

Acast Industrial Flooring Limited

ACCOUNTS

FOR THE YEAR ENDED 31/12/2016

Prepared By:

Candour Accounts Limited

Chartered Accountants and Business Advisers

Spalding Business Centre

Church Street

Spalding

Lincolnshire

PE11 2PB

Acast Industrial Flooring Limited

ACCOUNTS

FOR THE YEAR ENDED 31/12/2016

DIRECTORS

Mr J Newton

SECRETARY

Mrs N Newton

REGISTERED OFFICE

Endeavour House, 7 Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

COMPANY DETAILS

Private company limited by shares registered in EW - England and Wales, registered number 03509150

BANKERS

National Westminster Bank Plc

ACCOUNTANTS

Candour Accounts Limited

Chartered Accountants and Business Advisers

Spalding Business Centre

Church Street

Spalding

Lincolnshire

PE11 2PB

Acast Industrial Flooring Limited

ACCOUNTS
FOR THEYEARENDED31/12/2016
CONTENTS
		Page
Directors' Report		-
Accountants' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

Acast Industrial Flooring Limited

BALANCE SHEET AT 31/12/2016
						2016				2015
		Notes				£				£
FIXED ASSETS
Tangible assets		2				90,589				111,273
CURRENT ASSETS
Stock				54,174				3,169
Debtors		4		134,148				288,793
Cash at bank and in hand				916,486				278,821
				1,104,808				570,783
CREDITORS: Amounts falling due within one year		5		624,483				397,466
NET CURRENT ASSETS						480,325				173,317
TOTAL ASSETS LESS CURRENT LIABILITIES						570,914				284,590
PROVISIONS FOR LIABILITIES AND CHARGES		7				14,110				17,152
NET ASSETS						556,804				267,438
CAPITAL AND RESERVES
Called up share capital		8				2				2
Profit and loss account						556,802				267,436
SHAREHOLDERS' FUNDS						556,804				267,438
For the year ending 31/12/2016 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/11/2017 and signed on their behalf by
.............................
Mr J Newton
Director

Acast Industrial Flooring Limited

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/12/2016

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery		reducing balance 20%
Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		reducing balance 15%
Equipment		reducing balance 30%

1c. Stocks

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

1d. Pension Costs

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2. TANGIBLE FIXED ASSETS
		Plant and		Commercial		Fixtures
		Machinery		Vehicles		and Fittings		Equipment		Total
		£		£		£		£		£
Cost
At 01/01/2016		178,428		101,714		36,247		17,314		333,703
Additions		5,709		-		278		-		5,987
Disposals		-		(12,049)		-		-		(12,049)
At 31/12/2016		184,137		89,665		36,525		17,314		327,641
Depreciation
At 01/01/2016		139,522		41,383		26,255		15,270		222,430
Disposals		-		(11,371)		-		-		(11,371)
For the year		8,923		14,914		1,542		614		25,993
At 31/12/2016		148,445		44,926		27,797		15,884		237,052
Net Book Amounts
At 31/12/2016		35,692		44,739		8,728		1,430		90,589
At 31/12/2015		38,906		60,331		9,992		2,044		111,273

Acast Industrial Flooring Limited

3. STOCK				2016		2015
				£		£
Stock comprises:
Stock				3,224		3,169
Work in progress				50,950		-
				54,174		3,169

4. DEBTORS				2016		2015
				£		£
Amounts falling due within one year
Trade debtors				86,460		163,025
Debtors - amounts due under contracts not yet billed				-		51,000
Salaries and wages control				238		-
Other debtors				2,600		41,636
Amounts due from group companies				3,390		10,051
Prepayments				6,323		5,242
Directors current account				7,742		17,839
				106,753		288,793
Amounts falling due over more than one year
Long term debtor				27,395		-
				27,395		-
				134,148		288,793
The company had an unsecured other debtor of £35,213 at the financial year end.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2016		2015
				£		£
UK corporation tax				91,374		72,035
VAT				108,968		6,355
PAYE control				14,134		13,128
Salaries and wages control				-		284
Trade creditors				396,550		284,393
Pension creditor				944		-
Accruals				5,120		14,478
Deferred income				7,393		6,793
				624,483		397,466

6. EMPLOYEES
				2016		2015
				No.		No.
Average number of employees				25		25

Acast Industrial Flooring Limited

7. PROVISIONS FOR LIABILITIES				2016		2015
				£		£
Deferred taxation				14,110		17,152
				14,110		17,152

8. SHARE CAPITAL				2016		2015
				£		£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each				2		2
				2		2

9. CONTROLLING PARTY

Mr J Newton was the sole director and equal shareholder of the company during the financial year.