REGISTERED NUMBER: 03853068 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

ACCTIM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K J Leonard

SECRETARY:

T R Passfield

REGISTERED OFFICE:

Leonard House

5 - 7 Newman Road

Bromley

Kent

BR1 1RJ

REGISTERED NUMBER:

03853068 (England and Wales)

ACCOUNTANTS:

Crane & Partners

Chartered Accountants

Leonard House

5 - 7 Newman Road

Bromley

Kent

BR1 1RJ

FIXED ASSETS

Tangible assets

4

1,640,395

1,676,162

Investments

5

427,849

427,849

2,068,244

2,104,011

CURRENT ASSETS

Debtors

6

157,277

108,266

Cash at bank and in hand

1,841,411

1,462,800

1,998,688

1,571,066

CREDITORS

Amounts falling due within one year

7

2,230,015

1,863,191

NET CURRENT LIABILITIES

(231,327

)

(292,125

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,836,917

1,811,886

CREDITORS

Amounts falling due after more than one year

8

416,226

516,451

NET ASSETS

1,420,691

1,295,435

CAPITAL AND RESERVES

Called up share capital

6,792

6,792

Retained earnings

1,413,899

1,288,643

SHAREHOLDERS' FUNDS

1,420,691

1,295,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 21 August 2018 and were signed by:

K J Leonard - Director

1.	STATUTORY INFORMATION

Acctim 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.

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.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost and 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2017

1,867,272

454,689

2,321,961

Additions

-

7,695

7,695

Disposals

-

(16,500

)

(16,500

)

At 31 December 2017

1,867,272

445,884

2,313,156

DEPRECIATION

At 1 January 2017

232,500

413,299

645,799

Charge for year

15,500

27,962

43,462

Eliminated on disposal

-

(16,500

)

(16,500

)

At 31 December 2017

248,000

424,761

672,761

NET BOOK VALUE

At 31 December 2017

1,619,272

21,123

1,640,395

At 31 December 2016

1,634,772

41,390

1,676,162

Included in cost of land and buildings is freehold land of £ 1,092,272 (2016 - £ 1,092,272 ) which is not

depreciated.

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 January 2017

and 31 December 2017

22,000

405,849

427,849

NET BOOK VALUE

At 31 December 2017

22,000

405,849

427,849

At 31 December 2016

22,000

405,849

427,849

Market value of listed investments at 31 December 2017 held by the group - £479,674 (2016 -

£434,614) and by the company - £479,674 (2016 - £434,614).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

157,277

108,266

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

99,606

97,893

Amounts owed to group undertakings

1,862,972

1,441,596

Taxation and social security

30,037

51,702

Other creditors

237,400

272,000

2,230,015

1,863,191

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

416,226

516,451

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

1,210

107,446

1,210

107,446

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party of Acctim Limited.