ACAX Limited - Limited company - abbreviated

REGISTERED NUMBER: 04454136 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

ACAX LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K D Hall

REGISTERED OFFICE:

Shilton House

56 Park Avenue North

Northampton

Northamptonshire

NN3 2JE

REGISTERED NUMBER:

04454136 (England and Wales)

FIXED ASSETS

Intangible assets

2

43,475

57,575

Tangible assets

3

713

951

44,188

58,526

CURRENT ASSETS

Debtors

14,185

8,752

Cash at bank

-

616

14,185

9,368

CREDITORS

Amounts falling due within one year

(42,409

)

(50,198

)

NET CURRENT LIABILITIES

(28,224

)

(40,830

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,964

17,696

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

15,963

17,695

SHAREHOLDERS' FUNDS

15,964

17,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 31 December 2015 and were signed by:

K D Hall - Director

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

70,500

AMORTISATION

At 1 April 2014

12,925

Amortisation for year

14,100

At 31 March 2015

27,025

NET BOOK VALUE

At 31 March 2015

43,475

At 31 March 2014

57,575

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

1,197

DEPRECIATION

At 1 April 2014

246

Charge for year

238

At 31 March 2015

484

NET BOOK VALUE

At 31 March 2015

713

At 31 March 2014

951

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

1

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Other creditors include a balance due to K D Hall of £20,103 (2014 - £35,703). The loan is interest free and

there are no terms for repayment.

ACAX Limited - Limited company - abbreviated - 11.9

ACAX Limited - Limited company - abbreviated - 11.9