Acquisition Systems Limited - Limited company - abbreviated - 11.6
Acquisition Systems Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 March 2015 |
| for |
| Acquisition Systems Limited |
| Acquisition Systems Limited (Registered number: 02429137) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 March 2015 |
| Page |
| Company Information | 1 |
| Statement by the Directors | 2 |
| Chartered Accountants' Independent Assurance Report | 3 |
| Abbreviated Balance Sheet | 3 |
| Notes to the Abbreviated Accounts | 4 |
| Acquisition Systems Limited |
| Company Information |
| for the Year Ended 31 March 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Statement by the Directors |
| on the Unaudited Financial Statements of |
| Acquisition Systems Limited |
| We confirm that as directors we have met our duty in accordance with the Companies Act 2006 to: |
| - | ensure that the company has kept proper accounting records; |
| - | prepare financial statements which give a true and fair view of the state of the company as at 31 March 2015 and of its profit for that period in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008); and |
| - | follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements. |
| ON BEHALF OF THE BOARD: |
| 17 August 2015 |
| Chartered Accountants' Independent Assurance Report |
| to the Board of Directors |
| on the Unaudited Financial Statements of |
| Acquisition Systems Limited |
| We have performed certain procedures in respect of the company's unaudited financial statements for the year ended 31 March 2015 on pages nil to nil, made enquiries of the company's directors and assessed accounting policies adopted by the directors, in order to gather sufficient evidence for our conclusion in this report. |
| This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. It has |
| been released to the directors on the basis that this report shall not be copied, referred to or disclosed, in whole (save for |
| the directors' own internal purposes or as may be required by law or by a competent regulator) or in part, without our |
| prior written consent. Our work has been undertaken so that we might state to the directors those matters that we have |
| agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or |
| assume responsibility to anyone other than the company and the company's directors as a body for our work, for this |
| report or the conclusions we have formed. |
| Respective responsibilities |
| You have confirmed that you have met your duty as set out in the directors' statement on page nil. You consider that the company is exempt from the statutory requirement for an audit for the year. Our responsibility is to form and express an independent conclusion, based on the work carried out, to you on the financial statements. |
| Scope |
| We conducted our engagement in accordance with the Institute of Chartered Accountants in England & Wales Interim |
| Technical Release AAF 03/06. Our work was based primarily upon enquiry, analytical procedures and assessing |
| accounting policies in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). If |
| we considered it to be necessary, we also performed limited examination of evidence relevant to certain balances and |
| disclosures in the financial statements where we became aware of matters that might indicate a risk of material |
| misstatement in the financial statements. |
| The terms of our engagement exclude any requirement to carry out a comprehensive assessment of the risks of material |
| misstatement, a consideration of fraud, laws, regulations or internal controls, and we have not done so. We are not |
| required to, and we do not, express an audit opinion on these financial statements. |
| Conclusion |
| Based on our work, nothing has come to our attention to refute the directors' confirmation that in accordance with the |
| Companies Act 2006 the financial statements give a true and fair view of the state of the company's affairs as at |
| 31 March 2015 and of its profit for the year then ended and have been properly prepared in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| 17 August 2015 |
| Acquisition Systems Limited (Registered number: 02429137) |
| Abbreviated Balance Sheet |
| 31 March 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Share premium |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on |
| Acquisition Systems Limited (Registered number: 02429137) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 March 2015 |
| 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 |
| Plant and machinery etc | - |
| Depreciation is charged in the year of purchase but not in the year of disposal. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the |
| balance sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| Additions |
| At 31 March 2015 |
| DEPRECIATION |
| At 1 April 2014 |
| Charge for year |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| Acquisition Systems Limited (Registered number: 02429137) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | 1 |