Arc Estates Limited Small abbreviated accounts

ARC ESTATES LIMITED - Company Information

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Company Registration Number 02628667

ARC ESTATES LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

31 August 2016

ARC ESTATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT 31 AUGUST 2016

		2016		2015
Note		£	£	£	£
FIXED ASSETS	2
Tangible assets			2,327		861

CURRENT ASSETS

Debtors	13,302		20,849
Cash at bank and in hand	8,215		4,053
	--------		--------
	21,517		24,902
CREDITORS: Amounts falling due within one year	( 23,769)		( 25,739)
	--------		--------
NET CURRENT LIABILITIES		( 2,252)		( 837)
		-------		----
TOTAL ASSETS LESS CURRENT LIABILITIES		75		24
		-------		----

CAPITAL AND RESERVES

Called up equity share capital	3	2	2
Profit and loss account		73	22
		----	----
SHAREHOLDERS' FUNDS		75	24
		----	----

For the year ended 31 August 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 accounts for the year in question in accordance with section 476; and

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

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 18 May 2017 , and are signed on their behalf by:

Mr R Sacker

Company Registration Number: 02628667

ARC ESTATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 AUGUST 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Fixed assets

All fixed assets are initially recorded at cost. Where unlisted investments have been revalued these are stated at market value.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures, fittings and equipment-20% straight line method

Motor vehicles-25% straight line method

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 September 2015	39,667
Additions	2,259
Disposals	( 15,995)
	--------
At 31 August 2016	25,931
	--------

DEPRECIATION

At 1 September 2015	38,806
Charge for year	791
On disposals	( 15,993)
	--------
At 31 August 2016	23,604
	--------

NET BOOK VALUE

At 31 August 2016	2,327
	-------

At 31 August 2015	861
	-------

3. SHARE CAPITAL

Allotted, called up and fully paid:

	2016		2015
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----