Abbreviated Company Accounts - ACOSIM (UK) LIMITED

ACOSIM (UK) LIMITED - Company Information

SC207329 ACOSIM (UK) LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true SC207329 2013-06-01 2014-05-31 SC207329 2014-05-31 SC207329 2013-05-31 SC207329 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 SC207329 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number SC207329

ACOSIM (UK) LIMITED

Abbreviated Accounts

31 May 2014

ACOSIM (UK) LIMITED Registered Number SC207329

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	-	-
Tangible assets	3	5,970	7,960
		5,970	7,960
Current assets
Stocks		14,360	9,260
Debtors		17,468	17,206
Cash at bank and in hand		13,120	2,305
		44,948	28,771
Creditors: amounts falling due within one year		(44,846)	(31,238)
Net current assets (liabilities)		102	(2,467)
Total assets less current liabilities		6,072	5,493
Total net assets (liabilities)		6,072	5,493
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		5,072	4,493
Shareholders' funds		6,072	5,493

For the year ending 31 May 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 28 February 2015

And signed on their behalf by:
C I Wilson, Director

ACOSIM (UK) LIMITED Registered Number SC207329

Notes to the Abbreviated Accounts for the period ended 31 May 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 net invoiced sales of services, excluding Value Added Tax.

Tangible assets depreciation policy
Fixed Assets are stated at cost or valuation, less depreciation/amortisation.
Depreciation is provided on tangible fixed assets at rates calculated to write off the cost or valuation of the assets, less their estimated residual values, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance basis
Office Equipment 25% Reducing Balance basis

Intangible assets amortisation policy
Amortisation is provided on intangible fixed assets at rates calculated to write off the cost or valuation of the assets over the remaining term of their expected useful lives on the following basis:
Research & Development 33% Straight Line basis

2Intangible fixed assets

	£
Cost
At 1 June 2013	10,830
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	10,830
Amortisation
At 1 June 2013	10,830
Charge for the year	-
On disposals	-
At 31 May 2014	10,830
Net book values
At 31 May 2014	0
At 31 May 2013	0

3Tangible fixed assets

	£
Cost
At 1 June 2013	41,532
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	41,532
Depreciation
At 1 June 2013	33,572
Charge for the year	1,990
On disposals	-
At 31 May 2014	35,562
Net book values
At 31 May 2014	5,970
At 31 May 2013	7,960

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000