Abbreviated Company Accounts - ACECRAFT INVESTMENTS LIMITED

ACECRAFT INVESTMENTS LIMITED - Company Information

03484787 ACECRAFT INVESTMENTS LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 03484787 2014-01-01 2014-12-31 03484787 2014-12-31 03484787 2013-12-31 03484787 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 03484787 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 03484787

ACECRAFT INVESTMENTS LIMITED

Abbreviated Accounts

31 December 2014

ACECRAFT INVESTMENTS LIMITED Registered Number 03484787

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	477,751	498,035
		477,751	498,035
Current assets
Debtors		690	721
Cash at bank and in hand		22,212	9,223
		22,902	9,944
Creditors: amounts falling due within one year		(334,282)	(355,901)
Net current assets (liabilities)		(311,380)	(345,957)
Total assets less current liabilities		166,371	152,078
Total net assets (liabilities)		166,371	152,078
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		166,369	152,076
Shareholders' funds		166,371	152,078

For the year ending 31 December 2014 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 6 January 2016

And signed on their behalf by:
JASON HUGHES, Director

ACECRAFT INVESTMENTS LIMITED Registered Number 03484787

Notes to the Abbreviated Accounts for the period ended 31 December 2014

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
The turnover shown in the income and expenditure account represents amounts invoiced during the year.

Other accounting policies
Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets

	£
Cost
At 1 January 2014	498,035
Additions	-
Disposals	-
Revaluations	(20,284)
Transfers	-
At 31 December 2014	477,751
Depreciation
At 1 January 2014	-
Charge for the year	-
On disposals	-
At 31 December 2014	-
Net book values
At 31 December 2014	477,751
At 31 December 2013	498,035

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2