REGISTERED NUMBER: 05186776 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

ACADIA IMPORT AND EXPORT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P May

SECRETARY:

Mrs B E May

REGISTERED OFFICE:

Acadia

32 Lower Road

Stuntney

Ely

Cambridgeshire

CB7 5TN

REGISTERED NUMBER:

05186776 (England and Wales)

ACCOUNTANTS:

Howard & Company

Chartered Accountants

Unit 17

Park Farm Business Centre

Fornham St. Genevieve

Bury St. Edmunds

Suffolk

IP28 6TS

FIXED ASSETS

Tangible assets

2

-

853

CURRENT ASSETS

Debtors

-

662

Cash at bank

-

671

-

1,333

CREDITORS

Amounts falling due within one year

2,724

10,175

NET CURRENT LIABILITIES

(2,724

)

(8,842

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,724

)

(7,989

)

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

(3,724

)

(8,989

)

SHAREHOLDERS' FUNDS

(2,724

)

(7,989

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 16 January 2015 and were signed by:

P May - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company is dependant on the continued financial support of the director to meet its day to day

working capital requirements. The director has indicated his continued support to the company and

that the going concern basis for the preparation of the financial statements is appropriate.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

Straight line over 3 years

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling

at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

1,739

Disposals

(1,739

)

At 31 December 2014

-

DEPRECIATION

At 1 January 2014

886

Charge for year

171

Eliminated on disposal

(1,057

)

At 31 December 2014

-

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

853

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

1,000

Ordinary

£1

1,000

1,000

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2014 the company owed the director Mr P May £2,724 (2013 £9,335) in respect

of monies lent by him to the company, on an unsecured interest free basis, for which no repayment

terms have been agreed. During the year advances of £6,397 (2013 £8,970) were made to the

company and repayments made of £13,008 (2013 £6,575).