ACAJ Limited |
Registered number: |
06588972 |
Abbreviated Balance Sheet |
as at 31 May 2016 |
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
105,571 |
|
|
106,343 |
|
Current assets |
Stocks |
|
|
318,188 |
|
|
- |
Debtors |
|
|
- |
|
|
4,469 |
Cash at bank and in hand |
|
|
286,820 |
|
|
486,334 |
|
|
|
605,008 |
|
|
490,803 |
|
Creditors: amounts falling due within one year |
|
|
(50,588) |
|
|
(51,222) |
|
Net current assets |
|
|
|
554,420 |
|
|
439,581 |
|
Total assets less current liabilities |
|
|
|
659,991 |
|
|
545,924 |
|
Creditors: amounts falling due after more than one year |
|
|
|
(34,679) |
|
|
(37,845) |
|
|
|
Net assets |
|
|
|
625,312 |
|
|
508,079 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
1 |
|
|
1 |
Revaluation reserve |
|
|
|
12,146 |
|
|
12,146 |
Profit and loss account |
|
|
|
613,165 |
|
|
495,932 |
|
Shareholder's funds |
|
|
|
625,312 |
|
|
508,079 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
Dr A C A Jones |
Director |
Approved by the board on 20 March 2017 |
|
ACAJ Limited |
Notes to the Abbreviated Accounts |
for the year ended 31 May 2016 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Leasing and hire purchase commitments |
|
In accordance with standard accounting practice, investment properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve. No depreciation or amortisation is provided in respect of freehold investment properties and leasehold investment properties with over 20 years to run. Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the directors believe that the policy of not providing depreciation is necessary in order to give a true and fair view, since the current value of investment properties and changes to that current value are of prime importance rather than a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been included cannot be separately identified or quantified. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 June 2015 |
116,286 |
|
At 31 May 2016 |
116,286 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2015 |
9,943 |
|
Charge for the year |
772 |
|
At 31 May 2016 |
10,715 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2016 |
105,571 |
|
At 31 May 2015 |
106,343 |
|
|
|
|
|
|
|
|
3 |
Loans |
2016 |
|
2015 |
£ |
£ |
|
Creditors include: |
|
Amounts falling due for payment after more than five years |
10,380 |
|
13,520 |
|
Secured bank loans |
39,545 |
|
42,710 |
|
|
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|