ACKW Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05766170 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

ACKW Limited

Trading as

S.A.S.(Safe and Secure)

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss E M Froggatt

REGISTERED OFFICE:

Unit 3 East Street

Leek

Staffordshire

ST13 6LF

REGISTERED NUMBER:

05766170 (England and Wales)

FIXED ASSETS

Intangible assets

5

60,750

67,500

Tangible assets

6

202,760

184,201

263,510

251,701

CURRENT ASSETS

Stocks

18,163

6,519

Debtors

7

111,600

139,040

Cash at bank

211,021

175,613

340,784

321,172

CREDITORS

Amounts falling due within one year

8

123,273

147,673

NET CURRENT ASSETS

217,511

173,499

TOTAL ASSETS LESS CURRENT LIABILITIES

481,021

425,200

CREDITORS

Amounts falling due after more than one year

9

(98,987

)

(106,323

)

PROVISIONS FOR LIABILITIES

(13,000

)

(8,600

)

NET ASSETS

369,034

310,277

CAPITAL AND RESERVES

Called up share capital

135

135

Retained earnings

368,899

310,142

SHAREHOLDERS' FUNDS

369,034

310,277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 11 September 2017 and were signed by:

Miss E M Froggatt - Director

1.	STATUTORY INFORMATION

ACKW Limited 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention and are presented

in Pounds Sterling (£) being the functional currency.

The financial statements have been prepared on the assumption that the company is able to carry

on business as a going concern, which the director considers appropriate having regard to the

company's current and expected performance.

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised

when the goods are physically delivered to the customer. Turnover from the supply of services

represents the value of services provided under contracts, to the extent that there is a right to

consideration, and is recorded at the value of the consideration due. Where a contract has only

been partially completed at the balance sheet date turnover represents the value of the service

provided to date based on a proportion of the total contract value. Where payments are received

from customers in advance of services provided, the amounts are recorded as Deferred Income and

included as part of Creditors due within one year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

33% on cost and 25% on reducing balance

Motor vehicles

-

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.

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 have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

at the balance sheet 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance

sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

Those held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to

the profit and loss account over the expected useful lives of the assets concerned. Other grants are

credited to the profit and loss account as the related expenditure is incurred.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2016 - 11 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

135,000

AMORTISATION

At 1 April 2016

67,500

Charge for year

6,750

At 31 March 2017

74,250

NET BOOK VALUE

At 31 March 2017

60,750

At 31 March 2016

67,500

6.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2016

159,073

13,372

38,463

210,908

Additions

4,710

10,277

24,149

39,136

Disposals

(792

)

(1,891

)

-

(2,683

)

At 31 March 2017

162,991

21,758

62,612

247,361

DEPRECIATION

At 1 April 2016

3,181

8,881

14,645

26,707

Charge for year

3,260

4,261

11,992

19,513

Eliminated on disposal

(16

)

(1,603

)

-

(1,619

)

At 31 March 2017

6,425

11,539

26,637

44,601

NET BOOK VALUE

At 31 March 2017

156,566

10,219

35,975

202,760

At 31 March 2016

155,892

4,491

23,818

184,201

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2016

and 31 March 2017

10,996

DEPRECIATION

At 1 April 2016

2,749

Charge for year

2,062

At 31 March 2017

4,811

NET BOOK VALUE

At 31 March 2017

6,185

At 31 March 2016

8,247

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

104,017

134,156

Other debtors

7,583

4,884

111,600

139,040

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

3,105

2,967

Hire purchase contracts (see note 10)

3,757

3,759

Trade creditors

13,365

5,605

Taxation and social security

86,784

88,792

Other creditors

16,262

46,550

123,273

147,673

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

81,437

84,658

Hire purchase contracts (see note 10)

630

4,385

Other creditors

16,920

17,280

98,987

106,323

2017

2016

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

67,711

71,468

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2017

2016

£

£

Net obligations repayable:

Within one year

3,757

3,759

Between one and five years

630

4,385

4,387

8,144

Non-cancellable

operating leases

2017

2016

£

£

Within one year

1,719

1,719

Between one and five years

7,448

9,167

9,167

10,886

11.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

84,542

87,625

Hire purchase contracts

4,387

8,144

88,929

95,769

The bank loan is secured by way of a fixed and floating charge over the assets of the company.

The hire purchase contracts are secured against the assets financed.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £63,500 (2016 - £82,700) were paid to the director .

13.	FIRST YEAR ADOPTION

These financial statements for the year ended 31 March 2017 are the first financial statements that

comply with FRS 102 Section 1A small entities. The date of transition is 1 April 2015.

The transition to FRS 102 Section 1A small entities has not resulted in any changes in accounting

policies to those used previously and therefore has not impacted on reported results for the prior

year nor on opening equity.