Acacia Improvements Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC421295 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

FOR

ACACIA IMPROVEMENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Dr A Campbell

Mr I M Campbell

SECRETARY:

Mrs R Campbell

REGISTERED OFFICE:

13 Glasgow Road

Paisley

Renfrewshire

PA1 3QS

REGISTERED NUMBER:

SC421295 (Scotland)

ACCOUNTANTS:

Profit Counts Ltd

13 Glasgow Road

Paisley

Renfrewshire

PA1 3QS

FIXED ASSETS

Tangible assets

2

-

1,971

CURRENT ASSETS

Debtors

231

3,314

CREDITORS

Amounts falling due within one year

225

9,536

NET CURRENT ASSETS/(LIABILITIES)

6

(6,222

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6

(4,251

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

5

(4,252

)

SHAREHOLDERS' FUNDS

6

(4,251

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 February 2015 and were signed on its behalf by:

Dr A Campbell - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the

goods are physically delivered to the customer. Turnover from the supply of services represents the value of

services provided under contracts to the extent that there is a right to consideration and is recorded at the value

of the consideration due. Where the contract has only been partially completed at the balance sheet date

turnover represents the value of the service provided to date based on a proportion of the total contract value.

Where payments are received from customers in advance of services provided, the amounts are recorded as

Deferred Income and included as part of Creditors due within one year.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by

including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is

calculated by reference to the value of work performed to date as a proportion of the total contract value.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

2,150

Disposals

(2,150

)

At 30 April 2014

-

DEPRECIATION

At 1 May 2013

179

Charge for year

164

Eliminated on disposal

(343

)

At 30 April 2014

-

NET BOOK VALUE

At 30 April 2014

-

At 30 April 2013

1,971

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the end of the financial year the directors owed £185 (2013: £3,161) to the company. There are no fixed

terms for repayment of this amount and no interest is charged on this amount.