ACR London Limited - Limited company - abbreviated

REGISTERED NUMBER: 04097241 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

ACR LONDON LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C Brown

P Brown

M Brown

S Brown

SECRETARY:

M Brown

REGISTERED OFFICE:

134 - 134a Park View Road

Welling

Kent

DA16 1SJ

REGISTERED NUMBER:

04097241 (England and Wales)

ACCOUNTANTS:

Robsons Accountants

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

35,787

39,293

35,787

39,293

CURRENT ASSETS

Stocks

17,930

31,411

Debtors

133,396

117,013

Cash at bank and in hand

361,914

246,673

513,240

395,097

CREDITORS

Amounts falling due within one year

129,914

122,789

NET CURRENT ASSETS

383,326

272,308

TOTAL ASSETS LESS CURRENT
LIABILITIES

419,113

311,601

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

419,013

311,501

SHAREHOLDERS' FUNDS

419,113

311,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 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 Board of Directors on 13 May 2014 and were signed on its behalf by:

C Brown - Director

P Brown - Director

1.	ACCOUNTING POLICIES

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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

and 28 February 2014

20,675

AMORTISATION

At 1 March 2013

and 28 February 2014

20,675

NET BOOK VALUE

At 28 February 2014

-

At 28 February 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

100,453

Additions

10,025

Disposals

(8,995

)

At 28 February 2014

101,483

DEPRECIATION

At 1 March 2013

61,160

Charge for year

11,930

Eliminated on disposal

(7,394

)

At 28 February 2014

65,696

NET BOOK VALUE

At 28 February 2014

35,787

At 28 February 2013

39,293

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

60

Ordinary

£1

60

40

Ordinary A

£1

40

100