Acoustica (Chester) Limited - Accounts to registrar

REGISTERED NUMBER: 05458886 (England and Wales)

ACOUSTICA (CHESTER) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G R Coleman

REGISTERED OFFICE:

C/O CAS Limited

Georges Court

Chestergate

Macclesfield

Cheshire

SK11 6DP

REGISTERED NUMBER:

05458886 (England and Wales)

ACCOUNTANTS:

Corporate Accountancy Solutions Limited

Georges Court

Chestergate

Macclesfield

Cheshire

SK11 6DP

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

3,015

3,860

3,015

3,860

CURRENT ASSETS

Stocks

176,210

193,449

Debtors

4

528,021

434,548

Prepayments and accrued income

255

Cash at bank

200,001

110,760

904,487

739,012

CREDITORS

Amounts falling due within one year

5

557,449

378,169

NET CURRENT ASSETS

347,038

360,843

TOTAL ASSETS LESS CURRENT
LIABILITIES

350,053

364,703

CAPITAL AND RESERVES

Called up share capital

6

2

Profit and loss account

7

350,051

364,701

SHAREHOLDERS' FUNDS

350,053

364,703

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30th November 2016 and were signed by:

G R Coleman - 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 2005, is being amortised evenly over its estimated useful life of ten 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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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

Goodwill

£

COST

At 1st June 2015

and 31st May 2016

138,000

AMORTISATION

At 1st June 2015

and 31st May 2016

138,000

NET BOOK VALUE

At 31st May 2016

-

At 31st May 2015

-

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st June 2015

and 31st May 2016

13,507

DEPRECIATION

At 1st June 2015

9,647

Charge for year

845

At 31st May 2016

10,492

NET BOOK VALUE

At 31st May 2016

3,015

At 31st May 2015

3,860

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Trade debtors

524,143

430,670

Other debtors

3,878

528,021

434,548

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Trade creditors

533,669

350,167

Taxation and social security

23,780

28,002

557,449

378,169

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

1

2

7.

RESERVES

Profit

and loss

account

£

At 1st June 2015

364,701

Profit for the year

25,350

Dividends

(40,000

)

At 31st May 2016

350,051

8.	ULTIMATE CONTROLLING PARTY

The controlling party is G R Coleman.

Acoustica (Chester) Limited - Accounts to registrar - small 16.3

Acoustica (Chester) Limited - Accounts to registrar - small 16.3