ACOTIS_ENTERPRISE_LTD - Accounts

ACOTIS ENTERPRISE LIMITED - Company Information

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Company Registration No. 06800793 (England and Wales)

ACOTIS ENTERPRISE LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

ACOTIS ENTERPRISE LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

ACOTIS ENTERPRISE LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

15,093

45,400

Investments

4,800

19,893

50,200

Current assets

Stocks

796,642

846,642

Debtors

20,075

18,503

Cash at bank and in hand

38,295

9,435

855,012

874,580

Creditors: amounts falling due within one year

(826,067)

(858,066)

Net current assets

28,945

16,514

Total assets less current liabilities

48,838

66,714

Provisions for liabilities

(1,813)

(8,830)

47,025

57,884

Capital and reserves

Called up share capital

Profit and loss account

47,023

57,882

Shareholders' funds

47,025

57,884

ACOTIS ENTERPRISE LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 December 2016

Mr M J Shotton

Director

Company Registration No. 06800793

ACOTIS ENTERPRISE LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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:

Improvements to property

20% on reducing balance and 10% on reducing balance

Plant and machinery

20% on reducing balance

Computer equipment

33% on cost

Fixtures, fittings & equipment

20% on reducing balance

Motor vehicles

20% on reducing balance

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

ACOTIS ENTERPRISE LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2015

82,153

4,800

86,953

Additions

9,583

Disposals

(55,879)

At 31 March 2016

35,857

4,800

40,657

Depreciation

At 1 April 2015

36,753

On disposals

(21,114)

Charge for the year

5,125

At 31 March 2016

20,764

Net book value

At 31 March 2016

15,093

4,800

19,893

At 31 March 2015

45,400

4,800

50,200

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary of £1 each

Related party relationships and transactions

Secured Debts

There is a fixed and floating guarantee secured by way of debenture against the company, in respect of a mortgage held by the directors and related parties.