Acornpath Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05807057 (England and Wales)

ACORNPATH LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R D Mills

Mrs V Mills

SECRETARY:

R D Mills

REGISTERED OFFICE:

2 Lyttleton Court

Birmingham Street

Halesowen

West Midlands

B63 3HN

REGISTERED NUMBER:

05807057 (England and Wales)

ACCOUNTANTS:

DAVID CUTTER & CO

CHARTERED ACCOUNTANTS

2 Lyttleton Court

Birmingham Street

Halesowen

West Midlands

B63 3HN

FIXED ASSETS

Tangible assets

2

2,708

3,610

CURRENT ASSETS

Debtors

1,586

2,140

Cash at bank

44

12,415

1,630

14,555

CREDITORS

Amounts falling due within one year

16,085

23,093

NET CURRENT LIABILITIES

(14,455

)

(8,538

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,747

)

(4,928

)

PROVISIONS FOR LIABILITIES

542

722

NET LIABILITIES

(12,289

)

(5,650

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(12,290

)

(5,651

)

SHAREHOLDERS' FUNDS

(12,289

)

(5,650

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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:

R D Mills - 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 represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Computer and office equipment

-

25% on reducing balance

Deferred tax

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

sheet date.

Going concern

The Director of Acornpath Limited confirms that they will continue to support the company financially until such

time that it becomes profitable.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

4,888

DEPRECIATION

At 1 June 2013

1,278

Charge for year

902

At 31 May 2014

2,180

NET BOOK VALUE

At 31 May 2014

2,708

At 31 May 2013

3,610

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary Share Capital

£1

1

1

4.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R D Mills.