AAC Accountants Ltd,Ltd - Accounts

AAC ACCOUNTANTS LTD - Company Information

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AAC Accountants Ltd

For the year ended 31 March 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 03322839

Contents Page

AAC Accountants Ltd

For the year ended 31 March 2015

Balance Sheet

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Notes to the Abbreviated Financial Statements

Abbreviated Balance Sheet

AAC Accountants Ltd

As at 31 March 2015

03322839

Registered Number :

2015

Notes

2014

Fixed assets

Tangible assets

2,827

1,818

2,827

1,818

Current assets

Debtors

200

Investments

10,000

Cash at bank and in hand

12,047

5,418

12,247

15,418

Creditors: amounts falling due within one year

(8,760)

(10,285)

6,658

1,962

Net current assets

Total assets less current liabilities

4,789

8,476

4,789

Net assets

8,476

Capital and reserves

Called up share capital

Profit and loss account

4,787

8,474

4,789

8,476

Shareholders funds

For the 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.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges her 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.

Date approved by the board: 27 October 2015

S V Adams Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

AAC Accountants Ltd

For the year ended 31 March 2015

1 Accounting Policies

Basis of accounting

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

25% Reducing balance

Fixtures and Fittings

25% Reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Current asset investments

Current asset investments are stated at the lower of cost and net realisable value.

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Notes to the Abbreviated Financial Statements

AAC Accountants Ltd

For the year ended 31 March 2015

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

7,391

At 01 April 2014

1,950

Additions

At 31 March 2015

9,341

Depreciation

5,573

At 01 April 2014

941

Charge for year

6,514

At 31 March 2015

Net book values

At 31 March 2015

2,827

1,818

At 31 March 2014

3 Share capital

Allotted called up and fully paid

2015

2014

2 Class A shares of £1.00 each

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