ACDC Consulting Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 08816613 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

ACDC Consulting Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs D Cope

REGISTERED OFFICE:

34 Jermyn Drive

Arnold

Nottingham

NG5 9PN

REGISTERED NUMBER:

08816613 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

South Yorkshire

S11 8YZ

FIXED ASSETS

Property, plant and equipment

4

1,072

658

CURRENT ASSETS

Debtors

5

2,834

4,844

Cash at bank

10,769

18,624

13,603

23,468

CREDITORS

Amounts falling due within one year

6

11,414

22,101

NET CURRENT ASSETS

2,189

1,367

TOTAL ASSETS LESS CURRENT LIABILITIES

3,261

2,025

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

3,161

1,925

SHAREHOLDERS' FUNDS

3,261

2,025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 May 2017 and were signed by:

A Cope - Director

Mrs D Cope - Director

1.	STATUTORY INFORMATION

ACDC Consulting Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

COST

At 1 January 2016

973

Additions

877

At 31 December 2016

1,850

DEPRECIATION

At 1 January 2016

315

Charge for year

463

At 31 December 2016

778

NET BOOK VALUE

At 31 December 2016

1,072

At 31 December 2015

658

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

-

4,844

Directors' current accounts

2,834

-

2,834

4,844

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Tax

10,114

14,395

VAT

-

4,585

Directors' current accounts

-

1,871

Accrued expenses

1,300

1,250

11,414

22,101

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 January 2016

1,925

Profit for the year

40,736

Dividends

(39,500

)

At 31 December 2016

3,161