Relate AccountsProduction v2.1.19 v2.1.19 2017-08-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activities of the company in the year under review continued to be the wholesaling and retailing
of fertiliser, although no sales were made in the year ended 31 July 2018.
11 April 2019 0 0
NI004684 2018-07-31 NI004684 2017-07-31 NI004684 2016-07-31 NI004684 2017-08-01 2018-07-31 NI004684 2016-08-01 2017-07-31 NI004684 uk-bus:PrivateLimitedCompanyLtd 2017-08-01 2018-07-31 NI004684 uk-bus:SmallCompaniesRegimeForAccounts 2017-08-01 2018-07-31 NI004684 uk-bus:FullAccounts 2017-08-01 2018-07-31 NI004684 uk-core:ShareCapital 2018-07-31 NI004684 uk-core:ShareCapital 2017-07-31 NI004684 uk-core:RetainedEarningsAccumulatedLosses 2018-07-31 NI004684 uk-core:RetainedEarningsAccumulatedLosses 2017-07-31 NI004684 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2018-07-31 NI004684 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2017-07-31 NI004684 uk-bus:FRS102 2017-08-01 2018-07-31 NI004684 uk-core:WithinOneYear 2018-07-31 NI004684 uk-core:WithinOneYear 2017-07-31 NI004684 uk-core:WithinOneYear 2018-07-31 NI004684 uk-core:WithinOneYear 2017-07-31 NI004684 uk-core:AfterOneYear 2018-07-31 NI004684 uk-core:AfterOneYear 2017-07-31 NI004684 uk-core:MoreThanFiveYears 2018-07-31 NI004684 uk-core:MoreThanFiveYears 2017-07-31 NI004684 2017-08-01 2018-07-31 NI004684 uk-bus:Director1 2017-08-01 2018-07-31 NI004684 uk-bus:AuditExempt-NoAccountantsReport 2017-08-01 2018-07-31 xbrli:pure iso4217:GBP xbrli:shares
Company Number: NI004684
 
 
A C Trading Limited
 
Unaudited Financial Statements
 
for the year ended 31 July 2018



A C Trading Limited
Company Number: NI004684
BALANCE SHEET
as at 31 July 2018

2018 2017
Notes £ £
 
Creditors: Amounts falling due within one year 3 (29,923) (29,953)
───────── ─────────
Net Current Liabilities (29,923) (29,953)
───────── ─────────
Total Assets less Current Liabilities (29,923) (29,953)
 
Creditors
Amounts falling due after more than one year 4 (117,041) (116,831)
───────── ─────────
Net Liabilities (146,964) (146,784)
═════════ ═════════
Capital and Reserves
Called up share capital 200 200
Profit and Loss Account (147,164) (146,984)
───────── ─────────
Equity attributable to owners of the company (146,964) (146,784)
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 11 April 2019
           
           
________________________________          
Mr E J Davis          
Director          



A C Trading Limited
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2018

   
1. GENERAL INFORMATION
 
A C Trading Limited is a company limited by shares incorporated in Northern Ireland. 4 Moyle Road, NEWTOWNSTEWART, Co Tyrone, BT78 4JS, is the registered office, which is also the principal place of business of the company. . The nature of the company’s operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. ACCOUNTING POLICIES
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 July 2018 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Cash Flow Statement because it is classified as a small company.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Share capital of the company
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. CREDITORS 2018 2017
Amounts falling due within one year £ £
 
Bank overdrafts 1,054 1,141
Trade creditors 208 156
Director's current account 28,526 28,526
Accruals 135 130
  ───────── ─────────
  29,923 29,953
  ═════════ ═════════
 
       
4. CREDITORS 2018 2017
Amounts falling due after more than one year £ £
 
Other creditors 40,057 39,847
Director's loan accounts 76,984 76,984
  ───────── ─────────
  117,041 116,831
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 3) 1,054 1,141
Repayable in five years or more 40,057 39,847
  ───────── ─────────
  41,111 40,988
  ═════════ ═════════
 
       
5. CAPITAL COMMITMENTS
 
The company had no material capital commitments at the year-ended 31 July 2018.
   
6. POST-BALANCE SHEET EVENTS
 
There have been no significant events affecting the company since the year-end.