Abbreviated Company Accounts - ACUMENSA LIMITED

Abbreviated Company Accounts - ACUMENSA LIMITED


Registered Number 06456258

ACUMENSA LIMITED

Abbreviated Accounts

31 March 2015

ACUMENSA LIMITED Registered Number 06456258

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 30,000 35,000
Tangible assets 3 8,673 9,807
38,673 44,807
Current assets
Debtors 99,067 63,898
Cash at bank and in hand 105,035 85,245
204,102 149,143
Creditors: amounts falling due within one year (59,802) (47,499)
Net current assets (liabilities) 144,300 101,644
Total assets less current liabilities 182,973 146,451
Provisions for liabilities (368) (424)
Total net assets (liabilities) 182,605 146,027
Capital and reserves
Called up share capital 4 10 10
Profit and loss account 182,595 146,017
Shareholders' funds 182,605 146,027
  • For the year ending 31 March 2015 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 22 December 2015

And signed on their behalf by:
S Wren, Director

ACUMENSA LIMITED Registered Number 06456258

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 comprises the value of sales (excluding VAT, similar taxes and trade discounts) of goods and services provided in the normal course of business. Turnover is respect of service contracts is recognised when the company obtains the right to receive consideration for the services provided.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 10% straight line
Fixtures, fittings and equipment - 20% reducing balance per annum
Motor vehicles - 25% reducing balance per annum

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Other accounting policies
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.

2Intangible fixed assets
£
Cost
At 1 April 2014 50,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 50,000
Amortisation
At 1 April 2014 15,000
Charge for the year 5,000
On disposals -
At 31 March 2015 20,000
Net book values
At 31 March 2015 30,000
At 31 March 2014 35,000
3Tangible fixed assets
£
Cost
At 1 April 2014 13,304
Additions 208
Disposals -
Revaluations -
Transfers -
At 31 March 2015 13,512
Depreciation
At 1 April 2014 3,497
Charge for the year 1,342
On disposals -
At 31 March 2015 4,839
Net book values
At 31 March 2015 8,673
At 31 March 2014 9,807
4Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
10 Ordinary shares of £1 each 10 10

5Transactions with directors

Name of director receiving advance or credit: S Wren
Description of the transaction: Advances to directors
Balance at 1 April 2014: £ 31,949
Advances or credits made: £ 48,443
Advances or credits repaid: £ 31,949
Balance at 31 March 2015: £ 48,443

Name of director receiving advance or credit: T Wren
Description of the transaction: Advances to directors
Balance at 1 April 2014: £ 31,949
Advances or credits made: £ 48,443
Advances or credits repaid: £ 31,949
Balance at 31 March 2015: £ 48,443

These balances were repaid within 9 months of the year end.