Acutis Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC484898 (Scotland)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

ACUTIS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTORS:

Mr K Robertson

Ms L M Masson

SECRETARY:

Ms L M Masson

REGISTERED OFFICE:

28 Broad Street

Peterhead

Aberdeenshire

AB42 1BY

REGISTERED NUMBER:

SC484898 (Scotland)

ACCOUNTANTS:

Bain Henry Reid

28 Broad Street

Peterhead

Aberdeenshire

AB42 1BY

FIXED ASSETS

Tangible assets

2

2,750

2,905

CURRENT ASSETS

Debtors

1,799

2,049

Cash at bank

11,552

9,247

13,351

11,296

CREDITORS

Amounts falling due within one year

(12,922

)

(14,003

)

NET CURRENT ASSETS/(LIABILITIES)

429

(2,707

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,179

198

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

3,079

98

SHAREHOLDERS' FUNDS

3,179

198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 8 July 2016 and were signed on its behalf by:

Mr K Robertson - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Turnover represents net invoiced sales of services and amounts receivable under service contracts, excluding value added tax.

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 cost and 20% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

3,641

Additions

787

At 31 March 2016

4,428

DEPRECIATION

At 1 April 2015

736

Charge for year

942

At 31 March 2016

1,678

NET BOOK VALUE

At 31 March 2016

2,750

At 31 March 2015

2,905

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

4.	DIRECTORS LOAN

Details of directors loan account transactions and the year end balance are as follows:

2016

2015

£

Mr K Robertson and Miss L Masson:

Amount due to directors at start

7,432

-

Received from directors during year

-

4,899

Additional dividends

-

3,000

Paid to directors during the year

(6,719

)

(467

)

Amount due to directors at 31st March 2016

713

7,432

The loan is interest free and there are no fixed terms of repayment.

5.	DIVIDENDS PAID TO DIRECTORS

Ordinary dividends paid to directors in their capacity as shareholders during the year included £31,100 (2015 : £10,750) to K

Robertson.