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A C Bathrooms Ltd
For the year ended 31 October 2012
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04085680
2
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
Dated:
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Abbreviated Balance Sheet
A C Bathrooms Ltd
As at 31 October 2012
04085680
Registered Number :
£
£
2011
2012
Notes
Fixed assets
Tangible assets
2
116
153
116
153
Current assets
Stocks
16,985
16,985
Debtors
1,390
4,496
Cash at bank and in hand
-
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)
Capital and reserves
Called up share capital
3
3
3
Profit and loss account
(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
W A Croft Director
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
1 Accounting Policies
Basis of accounting
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
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
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
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
25% Reducing balance
Fixtures and Fittings
25% Reducing balance
Stocks
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.
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
4,094
At 01 November 2011
At 31 October 2012
4,094
Depreciation
3,941
At 01 November 2011
37
Charge for year
3,978
At 31 October 2012
Net book values
At 31 October 2012
116
153
At 31 October 2011
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Notes to the Abbreviated Financial Statements
A C Bathrooms Ltd
For the year ended 31 October 2012
3 Share capital
Allotted called up and fully paid
2012
2011
£
£
3 Ordinary Shares shares of £1.00 each
3
3
3
3
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