Acacia Distributors Limited

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		4,280		5,023

			4,280		5,023
CURRENT ASSETS
Stocks		5,460		5,100
Debtors		10,920		10,765
Cash at bank and in hand		-		1,222

		16,380		17,087
Creditors: Amounts Falling Due Within One Year		(26,868 )		(22,509 )

NET CURRENT ASSETS (LIABILITIES)			(10,488 )		(5,422 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(6,208 )		(399 )

NET ASSETS			(6,208 )		(399 )

CAPITAL AND RESERVES
Called up share capital	3		2		2
Profit and Loss Account			(6,210 )		(401 )

SHAREHOLDERS' FUNDS			(6,208 )		(399 )

Company No. 02624362

Abbreviated Balance Sheet (continued) 30 June 2016

For the year ending 30 June 2016 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr David Thomas

31st March 2017

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

1.2. Turnover

Turnover comprises the invoiced value of goods and 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:

Fixtures & Fittings

20% per annum on reducing balance

1.4. Stocks and Work in Progress

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

2. Tangible Assets


	Total
Cost	£
As at 1 July 2015	26,140
Additions	357

As at 30 June 2016	26,497

Depreciation
As at 1 July 2015	21,117
Provided during the period	1,100

As at 30 June 2016	22,217

Net Book Value
As at 30 June 2016	4,280

As at 1 July 2015	5,023

3. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.00	2	2	2

4. Ultimate Controlling Party

The company's ultimate controlling party is David Thomas by virtue of his directorship and ownership of 50% of the issued share capital in the company.