For the year ended 31 October 2012
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04085680
A C Bathrooms Ltd
Chartered Accountants' Report
For the year ended 31 October 2012
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of A C Bathrooms Ltd for the |
year ended 31 October 2012 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting |
records and from information and explanations you have given us. |
As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional |
requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the Board of Directors of A C Bathrooms Ltd, as a body, in accordance with the terms of our engagement letter dated 27 |
April 2011. Our work has been undertaken solely to prepare for your approval the accounts of A C Bathrooms Ltd and state those matters that we have |
agreed to state to the Board of Directors of A C Bathrooms Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at |
icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A C Bathrooms Ltd and |
its Board of Directors as a body for our work or for this report. |
It is your duty to ensure that A C Bathrooms Ltd has kept adequate accounting records to prepare statuary accounts that give a true and fair view of the |
assets, liabilities, financial position and Loss of A C Bathrooms Ltd. You consider that A C Bathrooms Ltd is exempt from the statutory audit |
requirement for the year. |
We have not been instructed to carry out an audit or a review of the accounts of A C Bathrooms Ltd. For this reason, we have not verified the accuracy |
or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the |
statutory accounts. |
Geoffrey F Stephens FCA
Chartererd Accountant
2 Haydock Close
Cheadle
Staffs
ST10 1UE
08 February 2013
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Abbreviated Balance Sheet |
A C Bathrooms Ltd
2011
2012
2
116
153
116
153
16,985
16,985
1,390
4,496
-
7,355
21,481
25,730
Creditors: amounts falling due within one year |
(26,839)
(23,880)
(1,109)
(2,399)
Net current liabilities
Total assets less current liabilities |
(2,283)
(956)
(260)
(260)
Provisions for liabilities |
(2,543)
Net liabilities
(1,216)
3
3
3
(2,546)
(1,219)
(2,543)
(1,216)
Shareholders funds
For the year ended 31 October 2012 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, |
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Date approved by the board: 08 February 2013 |
Signed on behalf of the board of directors |
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Notes to the Abbreviated Financial Statements |
A C Bathrooms Ltd
For the year ended 31 October 2012
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities. |
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Motor Vehicles
Fixtures and Fittings
Stocks 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 costs and an appropriate proportion of fixed and variable overheads. |
4,094
4,094
3,941
37
Charge for year
3,978
116
153
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Notes to the Abbreviated Financial Statements |
A C Bathrooms Ltd
For the year ended 31 October 2012
Allotted called up and fully paid |
2012
2011
3 Ordinary Shares shares of £1.00 each |
3
3
3
3
4 of 4