ACACIA CARS LTD

Contents
	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—5

Registered number: 07300835

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	6		13,420		17,894

			13,420		17,894
CURRENT ASSETS
Debtors	7	6,115		7,250
Cash at bank and in hand		4,847		4,921

		10,962		12,171
Creditors: Amounts Falling Due Within One Year	8	(8,327 )		(7,120 )

NET CURRENT ASSETS (LIABILITIES)			2,635		5,051

TOTAL ASSETS LESS CURRENT LIABILITIES			16,055		22,945

NET ASSETS			16,055		22,945

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and loss account			16,054		22,944

SHAREHOLDERS' FUNDS			16,055		22,945

Page 1

ACACIA CARS LTD

Balance Sheet (continued)

As at 31 July 2017

For the year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account

On behalf of the board

Mr Neil Smith

12th October 2017

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 August 2015	1	28,880	28,881
Profit for the year and total comprehensive income	-	19,564	19,564

Dividends paid	-	(25,500)	(25,500)

As at 31 July 2016 and 1 August 2016	1	22,944	22,945


Profit for the year and total comprehensive income	-	26,360	26,360

Dividends paid	-	(33,250)	(33,250)

As at 31 July 2017	1	16,054	16,055

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

- 25% on reducing balance

1.4. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

4. Average number of employees

Average number of employees, including directors, during the year was one.

6. Tangible Assets


	Motor Vehicles
	£
Cost
As at 1 August 2016	62,445

As at 31 July 2017	62,445

Depreciation
As at 1 August 2016	44,551
Provided during the period	4,474

As at 31 July 2017	49,025

Net Book Value
As at 31 July 2017	13,420

As at 1 August 2016	17,894

Page 4

ACACIA CARS LTD

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 July 2017

7. Debtors

	2017	2016
	£	£
Due within one year
Trade debtors	4,805	6,280
Prepayments and accrued income	1,310	970

	6,115	7,250

8. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Corporation tax	7,548	6,382
Other creditors	763	738
Director's loan account	16	-

	8,327	7,120

9. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1	1	1	1

10. Transactions With and Loans to Directors

Dividends paid to directors

	2017	2016
	£	£
Mr Neil Smith	33,250	25,500

11. Dividends

	2017	2016
	£	£
On equity shares:
Interim dividend paid	33,250	25,500

	33,250	25,500

12. Ultimate Controlling Party

The company's ultimate controlling party is Mr Neil Smith by virtue of his ownership of 100% of the issued share capital in the company.

13. General Information

ACACIA CARS LTD Registered number 07300835 is a limited by shares company incorporated in England & Wales. The Registered Office is 11 Vale Close, Romiley, Stockport, Cheshire, SK6 4JP.