ACAX Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04454136 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

ACAX LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K D Hall

REGISTERED OFFICE:

Shilton House

56 Park Avenue North

Northampton

Northamptonshire

NN3 2JE

REGISTERED NUMBER:

04454136 (England and Wales)

FIXED ASSETS

Intangible assets

2

29,375

43,475

Tangible assets

3

535

713

29,910

44,188

CURRENT ASSETS

Debtors

17,614

14,185

Cash at bank and in hand

5,911

-

23,525

14,185

CREDITORS

Amounts falling due within one year

(26,653

)

(42,409

)

NET CURRENT LIABILITIES

(3,128

)

(28,224

)

TOTAL ASSETS LESS CURRENT LIABILITIES

26,782

15,964

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

26,781

15,963

SHAREHOLDERS' FUNDS

26,782

15,964

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 director acknowledges his 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 director on 30 December 2016 and were signed by:

K D Hall - 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 services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

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 reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

70,500

AMORTISATION

At 1 April 2015

27,025

Amortisation for year

14,100

At 31 March 2016

41,125

NET BOOK VALUE

At 31 March 2016

29,375

At 31 March 2015

43,475

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

1,197

DEPRECIATION

At 1 April 2015

484

Charge for year

178

At 31 March 2016

662

NET BOOK VALUE

At 31 March 2016

535

At 31 March 2015

713

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Other creditors include a balance due to K D Hall of £7,999 (2015 - £20,103). The loan is interest free and

there are no terms for repayment.

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 were paid to the director .