Accounts filed on 31-10-2014

Accounts filed on 31-10-2014

ACMC ASSOCIATES LIMITED - Company Information

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2013-11-012014-10-3107831733falsetruehttp://www.companieshouse.gov.uk/cd:Director12013-11-012014-10-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2013-10-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-11-012014-10-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2014-10-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-10-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-10-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2013-11-012014-10-31http://www.companieshouse.gov.uk/2012-11-012013-10-31http://www.companieshouse.gov.uk/2013-11-012014-10-31http://www.companieshouse.gov.uk/2013-10-31http://www.companieshouse.gov.uk/2014-10-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2013-11-012014-10-31http://www.companieshouse.gov.uk/2013-10-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07831733
ACMC Associates Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/10/2014
Prepared By:
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

ACMC Associates Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/10/2014
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 07831733

ACMC Associates Limited
Registered Number: 07831733
BALANCE SHEET AT 31/10/2014
20142013
Notes££
FIXED ASSETS
Tangible assets27761,363
CURRENT ASSETS
Debtors (amounts falling due within one year)340,80018,596
Cash at bank and in hand10,25312,042
51,05330,638
CREDITORS: Amounts falling due within one year44,01524,830
NET CURRENT ASSETS7,0385,808
TOTAL ASSETS LESS CURRENT LIABILITIES7,8147,171
CAPITAL AND RESERVES
Called up share capital4100100
Profit and loss account7,7147,071
SHAREHOLDERS' FUNDS7,8147,171
For the year ending 31/10/2014 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 08/01/2014 and signed on their behalf by
J Stacey
Director

ACMC Associates Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2014
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentstraight line 25%
1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

ACMC Associates Limited
2. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/11/20132,3512,351
At 31/10/20142,3512,351
Depreciation
At 01/11/2013988988
For the year587587
At 31/10/20141,5751,575
Net Book Amounts
At 31/10/2014776776
At 31/10/20131,3631,363
3. DEBTORS 20142013
££
Amounts falling due within one year:
Trade debtors40,80010,800
VAT-7,334
Other Tax-362
Other debtors-100
40,80018,596
4. SHARE CAPITAL 20142013
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100

ACMC Associates Limited
5. RELATED PARTY TRANSACTIONS
During the year the company bought goods and services of £6.750 (2013 - £8,770) from Microtech Sales UK Limited, a company controlled by S Harris. S Harris has a participating interest in the company. At the balance sheet date the company owed Microtech Sales UK Limited £nil (2013 - £4,782). During the year the company bought goods and services of £6,000 (2013 - £5,836) and £8,380 (2013 - £21,142) from T J Professional Limited and A Cavallaro respectively. J Stacey controlled T J Professional Limited and A Cavallaro is a shareholder of the company. At the balance sheet date the company owed T J Professional Limited and A Cavallaro £nil (2013 - £1,800) and £ni (2013 - £1,500) respectively.
The company also bought goods and services of £20,544 (2013 - £29,248) from K P Insight Limited. K P Insight Limited is controlled by S Harris and J Stacey. At the balance sheet date the company owed K P Insight Limited £14,057 (2013 - £1,974).