Abbreviated Company Accounts - ACORSWOOD LIMITED

04261522 ACORSWOOD LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 04261522 2015-01-01 2015-12-31 04261522 2015-12-31 04261522 2014-12-31 04261522 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 04261522 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 04261522

ACORSWOOD LIMITED

Abbreviated Accounts

31 December 2015

ACORSWOOD LIMITED Registered Number 04261522

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	845,580	845,580
		845,580	845,580
Current assets
Debtors		1,330,596	1,363,664
Cash at bank and in hand		9,433	385
		1,340,029	1,364,049
Creditors: amounts falling due within one year		(1,115,855)	(1,094,672)
Net current assets (liabilities)		224,174	269,377
Total assets less current liabilities		1,069,754	1,114,957
Total net assets (liabilities)		1,069,754	1,114,957
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		1,069,752	1,114,955
Shareholders' funds		1,069,754	1,114,957

For the year ending 31 December 2015 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 29 March 2017

And signed on their behalf by:
SHULOM FELDMAN, Director

ACORSWOOD LIMITED Registered Number 04261522

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets

	£
Cost
At 1 January 2015	845,580
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	845,580
Depreciation
At 1 January 2015	-
Charge for the year	-
On disposals	-
At 31 December 2015	-
Net book values
At 31 December 2015	845,580
At 31 December 2014	845,580

All fixed assets are initially recorded at cost.

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

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2