ACME_INVESTMENT_LIMITED - Accounts

ACME INVESTMENT LIMITED - Company Information

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Company Registration No. 08716932 (England and Wales)

ACME INVESTMENT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2016

ACME INVESTMENT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

ACME INVESTMENT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

213,086

210,969

Current assets

Debtors

6,778

701

Cash at bank and in hand

258,953

265,731

766

Creditors: amounts falling due within one year

(671,394)

(315,729)

Net current liabilities

(405,663)

(314,963)

Total assets less current liabilities

(192,577)

(103,994)

Capital and reserves

Profit and loss account

(192,577)

(103,994)

Shareholders' funds

(192,577)

(103,994)

For the financial year ended 31 October 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 financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 20 June 2017

Xingnu Li

Director

Company Registration No. 08716932

ACME INVESTMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% on cost

Fixtures, fittings & equipment

25% on cost

Assets under construction

Fixed assets

Tangible assets

Cost

At 1 November 2015

212,347

Additions

4,334

At 31 October 2016

216,681

Depreciation

At 1 November 2015

1,378

Charge for the year

2,217

At 31 October 2016

3,595

Net book value

At 31 October 2016

213,086

At 31 October 2015

210,969