Acadia Associates Limited - Period Ending 2017-06-30

Acadia Associates Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016

Accountax Limited
Accountants and Tax Advisors
Maple House
Larch Avenue
Sunninghill
Berkshire
SL5 0AW

Acadia Associates Limited
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

2 to 3

Acadia Associates Limited
(Registration number: 05155085)
Abbreviated Balance Sheet at 30 June 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets		56,052	22,024
Current assets
Debtors		128,268	97,261
Cash at bank and in hand		171,248	233,185
		299,516	330,446
Creditors: Amounts falling due within one year		(164,255)	(92,579)
Net current assets		135,261	237,867
Net assets		191,313	259,891
Capital and reserves
Called up share capital	3	200	200
Profit and loss account		191,113	259,691
Shareholders' funds		191,313	259,891

For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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 .

Approved by the Board on 15 September 2016 and signed on its behalf by:

.........................................
Mr Kaj Abrahamsen
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Acadia Associates Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Fixtures and fittings	25% reducing balance
Motor vehicles	25% reducing balance

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Acadia Associates Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 July 2015	59,532	59,532
Additions	58,180	58,180
Disposals	(47,439)	(47,439)
At 30 June 2016	70,273	70,273
Depreciation
At 1 July 2015	37,508	37,508
Charge for the year	4,139	4,139
Eliminated on disposals	(27,426)	(27,426)
At 30 June 2016	14,221	14,221
Net book value
At 30 June 2016	56,052	56,052
At 30 June 2015	22,024	22,024

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary of £1 each		200	200		200	200

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