REGISTERED NUMBER: 05937672 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2017

FOR

ACACIA GROUNDCARE EQUIPMENT RENTAL

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D G Hudson

R R Patel

SECRETARY:

Ellis Atkins Secretaries Limited

REGISTERED OFFICE:

1 Paper Mews

330 High Street

Dorking

Surrey

RH4 2TU

REGISTERED NUMBER:

05937672 (England and Wales)

ACCOUNTANTS:

Ellis Atkins

Chartered Accountants

1 Paper Mews

330 High Street

Dorking

Surrey

RH4 2TU

FIXED ASSETS

Intangible assets

4

39,583

44,583

Tangible assets

5

533,049

495,024

572,632

539,607

CURRENT ASSETS

Stocks

236,848

165,951

Debtors

6

187,688

211,268

Cash at bank

49,287

40,025

473,823

417,244

CREDITORS

Amounts falling due within one year

7

348,369

385,606

NET CURRENT ASSETS

125,454

31,638

TOTAL ASSETS LESS CURRENT LIABILITIES

698,086

571,245

CREDITORS

Amounts falling due after more than one year

8

925,883

852,360

NET LIABILITIES

(227,797

)

(281,115

)

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

(327,797

)

(381,115

)

SHAREHOLDERS' FUNDS

(227,797

)

(281,115

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2017 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 20th April 2018 and were signed on its behalf by:

D G Hudson - Director

R R Patel - Director

1.	STATUTORY INFORMATION

Acacia Groundcare Equipment Rental Limited 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.

2.	ACCOUNTING POLICIES

Going concern

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.

These accounts have been prepared on the going concern basis on the assumption that the company will continue

to receive the support of its directors.

Turnover

Turnover represents invoiced charges for goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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.

Short leasehold

-

over the term of the lease

Plant and machinery

-

between 10% and 50% on cost

Fixtures and fittings

-

between 10% and 50% on cost

Motor vehicles

-

between 10% and 50% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st October 2016

and 30th September 2017

50,000

AMORTISATION

At 1st October 2016

5,417

Charge for year

5,000

At 30th September 2017

10,417

NET BOOK VALUE

At 30th September 2017

39,583

At 30th September 2016

44,583

5.	TANGIBLE FIXED ASSETS

Workshop

Short

tools and

Plant and

leasehold

equipment

machinery

£

£

£

COST

At 1st October 2016

62,246

78,103

798,736

Additions

1,442

2,442

102,317

Disposals

-

-

(52,229

)

Transfer to ownership

-

11,636

(11,636

)

At 30th September 2017

63,688

92,181

837,188

DEPRECIATION

At 1st October 2016

20,391

27,791

458,139

Charge for year

8,928

9,643

62,375

Eliminated on disposal

-

-

(37,316

)

Transfer to ownership

-

6,269

(6,269

)

At 30th September 2017

29,319

43,703

476,929

NET BOOK VALUE

At 30th September 2017

34,369

48,478

360,259

At 30th September 2016

41,855

50,312

340,597

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1st October 2016

32,275

92,095

1,063,455

Additions

3,865

52,203

162,269

Disposals

-

(40,752

)

(92,981

)

At 30th September 2017

36,140

103,546

1,132,743

DEPRECIATION

At 1st October 2016

19,056

43,054

568,431

Charge for year

6,190

14,254

101,390

Eliminated on disposal

-

(32,811

)

(70,127

)

Transfer to ownership

-

-

-

At 30th September 2017

25,246

24,497

599,694

NET BOOK VALUE

At 30th September 2017

10,894

79,049

533,049

At 30th September 2016

13,219

49,041

495,024

The company has two leasehold properties with 10 year leases commencing 2008 and 2014.

The net book value of tangible fixed assets includes £ 179,755 (2016 - £ 149,842 ) in respect of assets held under

hire purchase contracts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/17

30/9/16

£

£

Trade debtors

157,371

180,388

Other debtors

30,317

30,880

187,688

211,268

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/17

30/9/16

£

£

Bank loans and overdrafts

5,208

31,250

Hire purchase contracts

44,974

48,039

Trade creditors

125,908

131,525

Taxation and social security

52,749

51,818

Other creditors

119,530

122,974

348,369

385,606

Other loans are not secured and do not have a set repayment schedule other than full repayment after 36 months.

However the directors have expressed their intention to reduce them down as and when cash flow permits.

Interest is charged at 1% to 6.5% annually on outstanding balances.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/9/17

30/9/16

£

£

Bank loans

-

5,208

Hire purchase contracts

87,088

22,302

Other creditors

838,795

824,850

925,883

852,360

9.	SECURED DEBTS

The following secured debts are included within creditors:

30/9/17

30/9/16

£

£

Bank loans

5,208

36,458

The bank loan was taken out in October 2007 and is over a ten year period. There was a two year capital

repayment holiday from commencement and repayments will be made in equal monthly instalments over the

remaining eight years. The loan is secured by a fixed and floating charge over the assets of the company.