ACP (NORTH WEST) LIMITED
Registered number: 06278257
Balance Sheet
as at 31 March 2017
Notes 2017 2016
£ £
Fixed assets
Intangible assets 2 2,000 4,000
Tangible assets 3 406 508
2,406 4,508
Current assets
Debtors 4 72,988 107,696
Creditors: amounts falling due within one year 5 (66,235) (76,801)
Net current assets 6,753 30,895
Net assets 9,159 35,403
Capital and reserves
Called up share capital 99 99
Profit and loss account 9,060 35,304
Shareholders' funds 9,159 35,403
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. M.L. Maloney
Director
Approved by the board on 20 December 2017
ACP (NORTH WEST) LIMITED
Notes to the Accounts
for the year ended 31 March 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2016 20,000
At 31 March 2017 20,000
Amortisation
At 1 April 2016 16,000
Provided during the year 2,000
At 31 March 2017 18,000
Net book value
At 31 March 2017 2,000
At 31 March 2016 4,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
3 Tangible fixed assets
Equipment
£
Cost
At 1 April 2016 1,894
At 31 March 2017 1,894
Depreciation
At 1 April 2016 1,386
Charge for the year 102
At 31 March 2017 1,488
Net book value
At 31 March 2017 406
At 31 March 2016 508
4 Debtors 2017 2016
£ £
Trade debtors 59,011 94,019
Other debtors 13,977 13,677
72,988 107,696
5 Creditors: amounts falling due within one year 2017 2016
£ £
Bank loans and overdrafts 3,658 28,827
Corporation tax 8,965 9,320
Other taxes and social security costs 24,627 21,562
Other creditors 28,985 17,092
66,235 76,801
6 Other information
ACP (NORTH WEST) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
16 Lodge Lane
Halton Village
Runcorn
Cheshire
WA7 2AS
ACP (NORTH WEST) LIMITED 06278257 false 2016-04-01 2017-03-31 2017-03-31 VT Final Accounts March 2017 Mr. M.L. Maloney No description of principal activity 06278257 core:WithinOneYear 2016-03-31 06278257 core:ShareCapital 2016-03-31 06278257 core:RetainedEarningsAccumulatedLosses 2016-03-31 06278257 2016-04-01 2017-03-31 06278257 bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 06278257 bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 06278257 bus:Director40 2016-04-01 2017-03-31 06278257 1 2016-04-01 2017-03-31 06278257 2 2016-04-01 2017-03-31 06278257 core:Goodwill 2016-04-01 2017-03-31 06278257 core:PlantMachinery 2016-04-01 2017-03-31 06278257 countries:England 2016-04-01 2017-03-31 06278257 bus:FRS102 2016-04-01 2017-03-31 06278257 bus:FullAccounts 2016-04-01 2017-03-31 06278257 2017-03-31 06278257 core:WithinOneYear 2017-03-31 06278257 core:ShareCapital 2017-03-31 06278257 core:RetainedEarningsAccumulatedLosses 2017-03-31 06278257 core:Goodwill 2017-03-31 06278257 core:PlantMachinery 2017-03-31 06278257 2016-03-31 06278257 core:Goodwill 2016-03-31 06278257 core:PlantMachinery 2016-03-31 iso4217:GBP