Paul Acreman Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05768168 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

PAUL ACREMAN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P J Acreman

SECRETARY:

Mrs S Acreman

REGISTERED OFFICE:

Victoria House

50 Alexandra Street

Southend-on-Sea

Essex

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REGISTERED NUMBER:

05768168 (England and Wales)

ACCOUNTANTS:

Barnard Mountstephens Childs Limited

Chartered Certified Accountants

Victoria House

50 Alexandra Street

Southend-on-Sea

Essex

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FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

8,535

10,419

8,535

10,419

CURRENT ASSETS

Debtors

1,585

1,010

Cash at bank and in hand

12,198

12,995

13,783

14,005

CREDITORS

Amounts falling due within one year

20,311

15,629

NET CURRENT LIABILITIES

(6,528

)

(1,624

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,007

8,795

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

1,907

8,695

SHAREHOLDERS' FUNDS

2,007

8,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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:

P J Acreman - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, 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.

Equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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 May 2015

and 30 April 2016

8,000

AMORTISATION

At 1 May 2015

and 30 April 2016

8,000

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

18,852

Additions

750

At 30 April 2016

19,602

DEPRECIATION

At 1 May 2015

8,433

Charge for year

2,634

At 30 April 2016

11,067

NET BOOK VALUE

At 30 April 2016

8,535

At 30 April 2015

10,419

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/16

30/4/15

value:

£

100

Ordinary

£1

100