Company Registration No. 04454136 (England and Wales)
ACAX LIMITED
Unaudited accounts
for the year ended 31 March 2019
ACAX LIMITED
Unaudited accounts
Contents
ACAX LIMITED
Company Information
for the year ended 31 March 2019
Company Number
04454136 (England and Wales)
Registered Office
SHILTON HOUSE
56 PARK AVENUE NORTH
NORTHAMPTON
NORTHAMPTONSHIRE
NN3 2JE
ACAX LIMITED
Statement of financial position
as at 31 March 2019
Tangible assets
1,104
1,472
Cash at bank and in hand
40,261
46,685
Creditors: amounts falling due within one year
(33,430)
(34,932)
Net current assets
54,263
33,209
Called up share capital
1
1
Profit and loss account
55,366
35,855
Shareholders' funds
55,367
35,856
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 17 August 2019.
K D Hall
Director
Company Registration No. 04454136
ACAX LIMITED
Notes to the Accounts
for the year ended 31 March 2019
ACAX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04454136. The registered office is SHILTON HOUSE, 56 PARK AVENUE NORTH, NORTHAMPTON, NORTHAMPTONSHIRE, NN3 2JE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.
ACAX LIMITED
Notes to the Accounts
for the year ended 31 March 2019
5
Tangible fixed assets
Computer equipment
Trade debtors
47,432
21,456
7
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
32,452
21,645
Loans from directors
539
13,020
8
Average number of employees
During the year the average number of employees was 2 (2018: 2).
