ACORN PROPERTY SALES LIMITED,Ltd - Accounts

ACORN PROPERTY SALES LIMITED,Ltd - Accounts

ACORN PROPERTY SALES LIMITED - Company Information

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2014-08-01 true false Private Limited Company 06306250 2015-07-31 06306250 2014-08-01 2015-07-31 06306250 2014-07-31 06306250 2013-08-01 2014-07-31 06306250 uk-bus:Director1 2014-08-01 2015-07-31 06306250 uk-gaap:ComputerEquipment 2014-08-01 2015-07-31 06306250 uk-gaap:FixturesFittings 2014-08-01 2015-07-31 iso4217:GBP
ACORN PROPERTY SALES LIMITED
For the year ended 31 July 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06306250
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Contents Page
ACORN PROPERTY SALES LIMITED
For the year ended 31 July 2015
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
3
ACORN PROPERTY SALES LIMITED
Accountants' Report
For the year ended 31 July 2015
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the
accounts of ACORN PROPERTY SALES LIMITED for the year ended 31 July 2015 which comprise the Profit and
Loss Account, the Balance Sheet and the related notes from the company's accounting records and from
information and explanations you have given us.
As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other
professional requirements which are detailed at http://rulebook.accaglobal.com.
This report is made solely to the Board of Directors of ACORN PROPERTY SALES LIMITED, as a body, in
accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for
your approval the accounts of ACORN PROPERTY SALES LIMITED and state those matters that we have agreed
to state to the Board of Directors of ACORN PROPERTY SALES LIMITED, as a body, in this report in accordance
with the requirements of the Association of Chartered Certified Accountants and as detailed at
http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than ACORN PROPERTY SALES LIMITED and its Board of Directors as a body for
our work or for this report.
It is your duty to ensure that ACORN PROPERTY SALES LIMITED has kept adequate accounting records and to
prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of
ACORN PROPERTY SALES LIMITED. You consider that ACORN PROPERTY SALES LIMITED is exempt from
the statutory audit requirement for the year.
Morrison Associates
24 James Street West
Bath
BA1 2BT
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Abbreviated Balance Sheet
ACORN PROPERTY SALES LIMITED
As at 31 July 2015
06306250
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
2,203
2,938
2,203
2,938
Current assets
Debtors
8,919
-
Cash at bank and in hand
22,897
14,886
22,897
23,805
Creditors: amounts falling due within one year
(26,594)
(24,932)
(2,789)
(2,035)
Net current liabilities
Total assets less current liabilities
168
149
168
Net assets
149
Capital and reserves
Called up share capital
100
100
Profit and loss account
68
49
168
149
Shareholders funds
For the year ended 31 July 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: 11 April 2016
M Wilson Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
ACORN PROPERTY SALES LIMITED
For the year ended 31 July 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.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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:
Computer Equipment
20% Reducing balance
Fixtures and Fittings
20% Reducing balance
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
10,586
At 01 August 2014
At 31 July 2015
10,586
Depreciation
7,648
At 01 August 2014
735
Charge for year
8,383
At 31 July 2015
Net book values
At 31 July 2015
2,203
2,938
At 31 July 2014
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