REGISTERED NUMBER: 04943156 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

ACS Registrars Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Dudley

Mrs S G Dudley

SECRETARY:

W Dudley

REGISTERED OFFICE:

19 Birchcroft Road

Sutton Coldfield

West Midlands

B75 6BP

REGISTERED NUMBER:

04943156 (England and Wales)

ACCOUNTANTS:

Brooklyn Consultancy Ltd

Chartered Accountants

Newstones

Park Road

Nailsworth

Gloucestershire

GL6 0HZ

FIXED ASSETS

Tangible assets

4

17,674

65,788

Investments

5

-

800,000

17,674

865,788

CURRENT ASSETS

Debtors

6

387,204

220,390

Cash at bank

2,109,152

899,946

2,496,356

1,120,336

CREDITORS

Amounts falling due within one year

7

238,814

259,157

NET CURRENT ASSETS

2,257,542

861,179

TOTAL ASSETS LESS CURRENT LIABILITIES

2,275,216

1,726,967

PROVISIONS FOR LIABILITIES

187

1,824

NET ASSETS

2,275,029

1,725,143

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,274,929

1,725,043

2,275,029

1,725,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 January 2019 and were signed on its behalf by:

W Dudley - Director

1.	STATUTORY INFORMATION

ACS Registrars 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and at varying rates on cost

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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2017 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

202,465

Disposals

(71,824

)

At 31 December 2018

130,641

DEPRECIATION

At 1 January 2018

136,677

Charge for year

11,191

Eliminated on disposal

(34,901

)

At 31 December 2018

112,967

NET BOOK VALUE

At 31 December 2018

17,674

At 31 December 2017

65,788

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2018

45,250

Disposals

(45,250

)

At 31 December 2018

-

DEPRECIATION

At 1 January 2018

19,797

Eliminated on disposal

(19,797

)

At 31 December 2018

-

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

25,453

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2018

800,000

Disposals

(800,000

)

At 31 December 2018

-

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

800,000

The fixed asset investment was sold during the year. The growth on the investment at sale was £99,067.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

231,759

220,390

Directors' current accounts

48,035

-

Prepayments and accrued income

107,410

-

387,204

220,390

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Hire purchase contracts

-

28,650

Trade creditors

13,811

7,872

Tax

114,975

80,410

Social security and other taxes

31,416

9,264

VAT

58,196

62,861

Other creditors

1,627

2,446

Directors' current accounts

-

16,931

Accrued expenses

18,789

50,723

238,814

259,157

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2018 and

31 December 2017:

31.12.18

31.12.17

£

£

W Dudley and Mrs S G Dudley

Balance outstanding at start of year

-

-

Amounts advanced

143,310

-

Amounts repaid

(95,273

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

48,037

-

The directors have borrowed money from the company and have paid interest of £2450. Interest was charged at

4% per annum pro rata for period of the loan.