ACS Registrars Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04943156 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

ACS Registrars Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Dudley

Mrs S G Dudley

SECRETARY:

W Dudley

REGISTERED OFFICE:

19 Birchcroft Road

Sutton Coldfield

West Midlands

B75 6BP

REGISTERED NUMBER:

04943156 (England and Wales)

ACCOUNTANTS:

Brooklyn Consultancy Ltd

Chartered Accountants

Newstones

Park Road

Nailsworth

Gloucestershire

GL6 0HZ

FIXED ASSETS

Tangible assets

4

65,788

78,442

Investments

5

800,000

800,000

865,788

878,442

CURRENT ASSETS

Debtors

6

220,390

243,160

Cash at bank

899,946

593,351

1,120,336

836,511

CREDITORS

Amounts falling due within one year

7

259,157

220,714

NET CURRENT ASSETS

861,179

615,797

TOTAL ASSETS LESS CURRENT LIABILITIES

1,726,967

1,494,239

CREDITORS

Amounts falling due after more than one year

8

-

(28,650

)

PROVISIONS FOR LIABILITIES

(1,824

)

(2,343

)

NET ASSETS

1,725,143

1,463,246

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,725,043

1,463,146

SHAREHOLDERS' FUNDS

1,725,143

1,463,246

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 14 March 2018 and were signed on its behalf by:

W Dudley - Director

1.	STATUTORY INFORMATION

ACS Registrars 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

Turnover 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2016 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

189,262

Additions

13,203

At 31 December 2017

202,465

DEPRECIATION

At 1 January 2017

110,820

Charge for year

25,857

At 31 December 2017

136,677

NET BOOK VALUE

At 31 December 2017

65,788

At 31 December 2016

78,442

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

Plant and

machinery

etc

£

COST

At 1 January 2017

and 31 December 2017

45,250

DEPRECIATION

At 1 January 2017

11,313

Charge for year

8,484

At 31 December 2017

19,797

NET BOOK VALUE

At 31 December 2017

25,453

At 31 December 2016

33,937

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2017

and 31 December 2017

800,000

NET BOOK VALUE

At 31 December 2017

800,000

At 31 December 2016

800,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

220,390

243,160

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Hire purchase contracts

28,650

7,301

Trade creditors

70,733

234

Tax

80,410

104,491

Social security and other taxes

9,264

3

VAT

-

57,138

Other creditors

2,446

3,618

Directors' current accounts

16,931

4,737

Accrued expenses

50,723

43,192

259,157

220,714

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Hire purchase contracts

-

28,650

9.	ULTIMATE CONTROLLING PARTY