ACOTIS_ENTERPRISE_LTD - Accounts

ACOTIS ENTERPRISE LIMITED - Company Information

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Company Registration No. 06800793 (England and Wales)

ACOTIS ENTERPRISE LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

ACOTIS ENTERPRISE LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

ACOTIS ENTERPRISE LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

45,400

52,831

Investments

4,800

50,200

57,631

Current assets

Stocks

846,642

685,803

Debtors

18,503

25,885

Cash at bank and in hand

9,435

32,349

874,580

744,037

Creditors: amounts falling due within one year

(858,066)

(789,386)

Net current assets/(liabilities)

16,514

(45,349)

Total assets less current liabilities

66,714

12,282

Provisions for liabilities

(8,830)

(10,262)

57,884

2,020

Capital and reserves

Called up share capital

Profit and loss account

57,882

2,018

Shareholders' funds

57,884

2,020

ACOTIS ENTERPRISE LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2015

- 2 -

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 21 May 2015

Mrs Helen Caddick

Director

Company Registration No. 06800793

ACOTIS ENTERPRISE LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Improvements to property

20% on reducing balance and 10% on reducing balance

Plant and machinery

20% on reducing balance

Computer equipment

33% on cost

Fixtures, fittings & equipment

20% on reducing balance

Motor vehicles

20% on reducing balance

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.7

Stock

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

ACOTIS ENTERPRISE LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2014 & at 31 March 2015

82,153

4,800

86,953

Depreciation

At 1 April 2014

29,322

Charge for the year

7,431

At 31 March 2015

36,753

Net book value

At 31 March 2015

45,400

4,800

50,200

At 31 March 2014

52,831

4,800

57,631

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary of £1 each

Related party relationships and transactions

Secured Debts

There is a fixed and floating guarantee secured by way of debenture against the company, in respect of a mortgage held by the directors and related parties.