Abbreviated Company Accounts - ACCEPT PROPERTIES LTD.

ACCEPT PROPERTIES LTD. - Company Information

03143324 ACCEPT PROPERTIES LTD. 2016-01-31 false 2015-02-01 2016-01-31 true 03143324 2015-02-01 2016-01-31 03143324 2016-01-31 03143324 2015-01-31 03143324 uk-gaap-cd-bus:Director1 2015-02-01 2016-01-31 03143324 uk-gaap-cd-bus:Director2 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 iso4217:GBP shares

Registered Number 03143324

ACCEPT PROPERTIES LTD.

Abbreviated Accounts

31 January 2016

ACCEPT PROPERTIES LTD. Registered Number 03143324

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,133	944
		1,133	944
Current assets
Stocks		1,162,309	1,162,559
Debtors		49,343	49,480
Cash at bank and in hand		996	2,376
		1,212,648	1,214,415
Creditors: amounts falling due within one year		(507,030)	(520,426)
Net current assets (liabilities)		705,618	693,989
Total assets less current liabilities		706,751	694,933
Creditors: amounts falling due after more than one year		(356,000)	(356,000)
Provisions for liabilities		(227)	(189)
Total net assets (liabilities)		350,524	338,744
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		349,524	337,744
Shareholders' funds		350,524	338,744

For the year ending 31 January 2016 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 23 August 2016

And signed on their behalf by:
Russell Anthony Shaw, Director

ACCEPT PROPERTIES LTD. Registered Number 03143324

Notes to the Abbreviated Accounts for the period ended 31 January 2016

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
Turnover represents amounts receivable for goods and services provided in the UK net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery - 20% straight line
Fixtures, fittings and
equipment - 25% straight line

Valuation information and policy
Stocks are valued at the lower of cost or net market value.

Other accounting policies
Provision is made for deferred taxation where accelerated capital allowances are in excess of the book value.

2Tangible fixed assets

	£
Cost
At 1 February 2015	8,805
Additions	689
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	9,494
Depreciation
At 1 February 2015	7,861
Charge for the year	500
On disposals	-
At 31 January 2016	8,361
Net book values
At 31 January 2016	1,133
At 31 January 2015	944

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

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000