Acorah Software Products - Accounts Production 7.0.012 false 1 April 2017 31 March 2018 31 March 2018 04233904 Mr Anthony Ellard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04233904 2017-03-31 04233904 2018-03-31 04233904 2017-04-01 2018-03-31 04233904 frs-core:CurrentFinancialInstruments 2018-03-31 04233904 frs-core:CurrentFinancialInstruments 2017-04-01 2018-03-31 04233904 frs-core:Non-currentFinancialInstruments 2018-03-31 04233904 frs-core:Non-currentFinancialInstruments 2017-04-01 2018-03-31 04233904 frs-core:CurrentFinancialInstruments 2017-04-01 2018-03-31 04233904 frs-core:CurrentFinancialInstruments 2018-03-31 04233904 frs-core:AfterOneYear 2017-04-01 2018-03-31 04233904 frs-core:BetweenOneFiveYears 2017-04-01 2018-03-31 04233904 frs-core:BetweenOneFiveYears 2018-03-31 04233904 frs-core:ComputerEquipment 2018-03-31 04233904 frs-core:ComputerEquipment 2017-04-01 2018-03-31 04233904 frs-core:ComputerEquipment 2017-03-31 04233904 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Registered number: 04233904
A & E Contracts Ltd.
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2018
Skyline Accountancy Services td

Unit A, Rigby Close
Heathcote Industrial Estate
Warwick
Warwickshire
CV34 6TH
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Abridged Balance Sheet
Registered number: 04233904
2018 2017
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 175,772 176,705
175,772 176,705
CURRENT ASSETS
Debtors 12,547 12,547
Cash at bank and in hand 1,856 456
14,403 13,003
Creditors: Amounts Falling Due Within One Year (29,817 ) (27,821 )
NET CURRENT ASSETS (LIABILITIES) (15,414 ) (14,818 )
TOTAL ASSETS LESS CURRENT LIABILITIES 160,358 161,887
Creditors: Amounts Falling Due After More Than One Year (329,110) (341,258)
NET ASSETS (168,752 ) (179,371 )
CAPITAL AND RESERVES
Called up share capital 6 110 110
Profit and Loss Account (168,862 ) (179,481 )
SHAREHOLDERS' FUNDS (168,752) (179,371)
Page 1
For the year ending 31 March 2018 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 accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
  • The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
  • All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2018 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Anthony Ellard
03/09/2018

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Notes to the Abridged Financial Statements
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:
Freehold 0%
Plant & Machinery 25%
Motor Vehicles 25%
Fixtures & Fittings 25%
Computer Equipment 25%
1.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
1.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
5. Tangible Assets
Total
£
Cost
As at 1 April 2017 231,493
As at 31 March 2018 231,493
Depreciation
As at 1 April 2017 54,788
Provided during the period 933
As at 31 March 2018 55,721
Net Book Value
As at 31 March 2018 175,772
As at 1 April 2017 176,705
6. Share Capital
2018 2017
Allotted, Called up and fully paid 110 110
7. General Information
A & E Contracts Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 04233904. The registered office is 13 Woodcote Road, Leamington Spa, Warwickshire, CV32 6PZ.
Page 4