Abbreviated Company Accounts - M70 ACH LIMITED

Abbreviated Company Accounts - M70 ACH LIMITED


Registered Number 08477370

M70 ACH LIMITED

Abbreviated Accounts

30 April 2014

M70 ACH LIMITED Registered Number 08477370

Abbreviated Balance Sheet as at 30 April 2014

Notes 2014
£
Fixed assets
Tangible assets 2 2,730
2,730
Current assets
Debtors 37,739
Cash at bank and in hand 3,202
40,941
Creditors: amounts falling due within one year (42,983)
Net current assets (liabilities) (2,042)
Total assets less current liabilities 688
Total net assets (liabilities) 688
Capital and reserves
Called up share capital 3 2
Profit and loss account 686
Shareholders' funds 688
  • For the year ending 30 April 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 February 2015

And signed on their behalf by:
Mr Michael Achillea, Director

M70 ACH LIMITED Registered Number 08477370

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
angible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment - 33.33 % SLM.
Fixtures, fittings & equipment - 25 % SLM.

2Tangible fixed assets
£
Cost
Additions 4,001
Disposals -
Revaluations -
Transfers -
At 30 April 2014 4,001
Depreciation
Charge for the year 1,271
On disposals -
At 30 April 2014 1,271
Net book values
At 30 April 2014 2,730
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2 Ordinary shares of £1 each 2