ACS (Construction Services) Ltd,Ltd - Accounts

ACS (CONSTRUCTION SERVICES) LTD - Company Information

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ACS (Construction Services) Ltd

For the year ended 31 March 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 01467962

Contents Page

ACS (Construction Services) Ltd

For the year ended 31 March 2015

Balance Sheet

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Notes to the Abbreviated Financial Statements

Abbreviated Balance Sheet

ACS (Construction Services) Ltd

As at 31 March 2015

01467962

Registered Number :

2015

Notes

2014

Fixed assets

Tangible assets

5,284

5,489

5,284

5,489

Current assets

Stocks

2,371

2,820

Debtors

28,551

14,335

Cash at bank and in hand

35,877

23,063

53,032

53,985

Creditors: amounts falling due within one year

(26,321)

(39,612)

27,664

13,420

Net current assets

Total assets less current liabilities

18,704

33,153

18,704

Net assets

33,153

Capital and reserves

Called up share capital

Profit and loss account

18,698

33,147

18,704

33,153

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.

Directors 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 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.

Date approved by the board: 21 December 2015

Mr K Duffy Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

For the year ended 31 March 2015

ACS (Construction Services) Ltd

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 January 2015).

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:

Land and Buildings

4% Per annum on cost

Plant and Machinery

20% per annum on cost

Stocks and work in progress

Stocks and work in progress 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.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

54,079

At 01 April 2014

274

Additions

At 31 March 2015

54,353

Depreciation

48,590

At 01 April 2014

479

Charge for year

49,069

At 31 March 2015

Net book values

At 31 March 2015

5,284

5,489

At 31 March 2014

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Notes to the Abbreviated Financial Statements

For the year ended 31 March 2015

ACS (Construction Services) Ltd

3 Share capital

Allotted called up and fully paid

2015

2014

6 Ordinary shares of £1.00 each

4 Loans to Directors

At 01/04/2014

Loaned

Repaid

At 31/03/2015

Interest

Repayable on demand

18,723

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