ACORN CONSULTANTS LIMITED

ACORN CONSULTANTS LIMITED

ACORN CONSULTANTS LIMITED - Company Information

Print Friendly Version

ACORN CONSULTANTS LIMITED

Company Registration Number:
SC119978 (Scotland)

Unaudited abridged accounts for the year ended 31 December 2018

Period of accounts

Start date: 01 January 2018

End date: 31 December 2018

ACORN CONSULTANTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2018

Balance sheet
Notes

ACORN CONSULTANTS LIMITED

Balance sheet

As at 31 December 2018


Notes
2018
2017


£
£
Fixed assets
Investments: 3 565,732 615,754
Total fixed assets: 565,732 615,754
Current assets
Debtors:   4,142 401,726
Cash at bank and in hand: 710,556 239,704
Total current assets: 714,698 641,430
Creditors: amounts falling due within one year:   (36,969) (34,056)
Net current assets (liabilities): 677,729 607,374
Total assets less current liabilities: 1,243,461 1,223,128
Provision for liabilities: (12,500) (20,000)
Total net assets (liabilities): 1,230,961 1,203,128
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 1,229,961 1,202,128
Shareholders funds: 1,230,961 1,203,128

The notes form part of these financial statements

ACORN CONSULTANTS LIMITED

Balance sheet statements

For the year ending 31 December 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 September 2019
and signed on behalf of the board by:

Name: L A Stevenson
Status: Director

The notes form part of these financial statements

ACORN CONSULTANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The company provides consultancy services. Revenue is recognised in the accounting period in which the services are rendered when the outcome of the contract can be measured reliably.Revenue is measured at the fair value of the transaction excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life. Office equipment 25% on cost

Valuation and information policy

Investments are shown in fair value. Any aggregate surplus or deficit arising from changes in fair value is transferred to the profit and loss account.

ACORN CONSULTANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

2. Employees

2018 2017
Average number of employees during the period 4 4

ACORN CONSULTANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

3. Fixed investments

Unlisted Investments £ValuationAt 1st January 2018 615,754Revaluations -50,022At 31st December 2018 565,732

ACORN CONSULTANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

4. Related party transactions

Name of the related party: Ashleybank Investments Limited
Relationship:
Nucleus of common shareholders and directors
Description of the Transaction: Consultancy services for £100,000 (2017 £100,000).
£
Balance at 01 January 2018 0
Balance at 31 December 2018 0