Accounts


	AAC CYROMA LTD


	ABBREVIATED UNAUDITED ACCOUNTS


	FOR THE YEAR ENDED 31 DECEMBER 2015
























	INDEX TO THE ACCOUNTS



	Pages

	1	Abbreviated Balance Sheet

	2-4	Notes to the Abbreviated Accounts

AAC CYROMA LTD
Company registered number: 04525184
ABBREVIATED BALANCE SHEET
AT 31 December 2015

	Note		2015	2014
		£	£	£
FIXED ASSETS
Tangible Assets	2		2,070,078	1,948,959

CURRENT ASSETS
Stock	1c	227,777		237,636
Debtors falling due within one year		2,207,474		2,216,953
Cash at bank and in hand		380		360
		2,435,631		2,454,949
CREDITORS: Amounts falling due within one year		2,354,722		2,442,986
NET CURRENT ASSETS			80,909	11,963
TOTAL ASSETS LESS CURRENT LIABILITIES			2,150,987	1,960,922

CREDITORS: Amounts falling due after more than one year			(326,196)	(81,436)

Provisions for Liabilities			(56,336)	(14,648)
NET ASSETS			£1,768,455	£1,864,838

CAPITAL AND RESERVES
Called up share capital	4		200	200
Profit and loss account			1,768,255	1,864,638
SHAREHOLDERS' FUNDS			£1,768,455	£1,864,838


	In approving these financial statements as directors of the company we hereby confirm the following:
	For the year in question the company was entitled to exemption 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 for 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.

	The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

	These abbreviated accounts were approved by the board of directors on 06 June 2016



	M J Elms, Director

	The notes on pages 2 to 4 form part of these accounts
	page 1

	NOTES TO THE ABBREVIATED ACCOUNTS
	FOR THE YEAR ENDED 31 DECEMBER 2015



1a.	Basis of accounting

	The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).



1b.	Tangible fixed assets

	Fixed assets are shown at historical cost.

	Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.


	Plant and machinery	Straight line basis 10%-20%
	Vehicles	Straight line basis 33.3%-50%



1c.	Stocks

	Stocks are stated at the lower of cost and net realisable value. Cost incurred in bringing each product to its present location and condition is based on purchase cost on a first-in, first-out basis, including transport.



1d.	Taxation

	Corporation tax payable is provided on taxable profits at the current rate. The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.



1e.	Pensions

	The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in the year.



1f.	Foreign currency

	Transactions denominated in foreign currencies are recorded in the local currency at actual exchange rates as of the date of the transaction.

	page 2

	AAC CYROMA LTD
	NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 DECEMBER 2015



1g.	Turnover

	Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.



1h.	Leasing and hire purchase contracts

	Assets obtained under finance leases and hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

	Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

	page 3

	AAC CYROMA LTD
	NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 DECEMBER 2015



3.	CREDITORS
		2015	2014
		£	£
	Creditors include the following amounts of secured liabilities:

	Due within one year	69,422	34,187
	Due after more than one year	326,196	81,436



4.	SHARE CAPITAL	2015	2014
		£	£
	Allotted, issued and fully paid:

	100 Ordinary shares of £1 each	£200	£200

page 4