IRIS Accounts Production v17.3.0.1062 02876543 director 1.3.16 28.2.17 28.2.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure028765432016-02-29028765432017-02-28028765432016-03-012017-02-28028765432015-02-28028765432015-03-012016-02-29028765432016-02-2902876543ns15:EnglandWales2016-03-012017-02-2802876543ns14:PoundSterling2016-03-012017-02-2802876543ns10:Director12016-03-012017-02-2802876543ns10:PrivateLimitedCompanyLtd2016-03-012017-02-2802876543ns10:SmallEntities2016-03-012017-02-2802876543ns10:AuditExempt-NoAccountantsReport2016-03-012017-02-2802876543ns10:SmallCompaniesRegimeForDirectorsReport2016-03-012017-02-2802876543ns10:SmallCompaniesRegimeForAccounts2016-03-012017-02-2802876543ns10:FullAccounts2016-03-012017-02-2802876543ns10:CompanySecretary12016-03-012017-02-2802876543ns10:RegisteredOffice2016-03-012017-02-2802876543ns5:CurrentFinancialInstruments2017-02-2802876543ns5:CurrentFinancialInstruments2016-02-2902876543ns5:ShareCapital2017-02-2802876543ns5:ShareCapital2016-02-2902876543ns5:RetainedEarningsAccumulatedLosses2017-02-2802876543ns5:RetainedEarningsAccumulatedLosses2016-02-2902876543ns5:PlantMachinery2016-03-012017-02-2802876543ns5:PlantMachinery2016-02-2902876543ns5:PlantMachinery2017-02-2802876543ns5:PlantMachinery2016-02-2902876543ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-02-2802876543ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-02-2902876543ns10:Director22016-03-012017-02-2802876543ns10:Director222016-02-2902876543ns10:Director222015-02-2802876543ns10:Director222016-03-012017-02-2802876543ns10:Director222015-03-012016-02-2902876543ns10:Director222017-02-2802876543ns10:Director222016-02-29


REGISTERED NUMBER: 02876543 (England and Wales)















ACANTHUS CONTRACTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017






ACANTHUS CONTRACTS LIMITED (REGISTERED NUMBER: 02876543)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ACANTHUS CONTRACTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2017







DIRECTOR: T J Hooper



SECRETARY: S Hooper



REGISTERED OFFICE: Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT



REGISTERED NUMBER: 02876543 (England and Wales)



ACCOUNTANTS: DSC
Chartered Accountants
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT



BANKERS: HSBC Bank Plc
7 Prospect Crescent
Harrogate
North Yorkshire
HG1 1RN

ACANTHUS CONTRACTS LIMITED (REGISTERED NUMBER: 02876543)

BALANCE SHEET
28 FEBRUARY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,495 11,188

CURRENT ASSETS
Debtors 5 275,973 233,866
Cash at bank 104,693 159,616
380,666 393,482
CREDITORS
Amounts falling due within one year 6 94,942 87,377
NET CURRENT ASSETS 285,724 306,105
TOTAL ASSETS LESS CURRENT
LIABILITIES

297,219

317,293

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 297,217 317,291
SHAREHOLDERS' FUNDS 297,219 317,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 10 October 2017 and were signed by:





T J Hooper - Director


ACANTHUS CONTRACTS LIMITED (REGISTERED NUMBER: 02876543)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017

1. STATUTORY INFORMATION

Acanthus Contracts Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The date of transition to FRS 102 was 1 March 2015. The policies applied under the previous accounting
framework are not materially different to FRS 102 and have not impacted on reserves or net income and
expenditure for the year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2016 - 7 ) .

ACANTHUS CONTRACTS LIMITED (REGISTERED NUMBER: 02876543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2017

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2016 32,969
Additions 2,335
At 28 February 2017 35,304
DEPRECIATION
At 1 March 2016 21,781
Charge for year 2,028
At 28 February 2017 23,809
NET BOOK VALUE
At 28 February 2017 11,495
At 29 February 2016 11,188

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 194,477 154,194
Other debtors 81,496 79,672
275,973 233,866

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 68,580 44,961
Taxation and social security 9,682 38,826
Other creditors 16,680 3,590
94,942 87,377

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2017 and
29 February 2016:

2017 2016
£    £   
Mrs S K Francis
Balance outstanding at start of year 66,159 -
Amounts advanced 17,789 66,159
Amounts repaid (2,452 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 81,496 66,159

The loan is unsecured and interest is chargeable at the rates approved by HM Revenue & Customs.

ACANTHUS CONTRACTS LIMITED (REGISTERED NUMBER: 02876543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2017

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £34,000 (2016 - £29,000) were paid to the directors .

The company is controlled by the director, T J Hooper, by virtue of his ownership of 100% of the issued
ordinary share capital in the company.

During the year the company paid consultancy fees of £65,816 (2016: £47,599) to Mr C Francis T/A CSOL
Consultancy. Mr Francis is the husband of Mrs S Francis, a former director of the company.