A&C Publications Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07665910 (England and Wales)

A&C PUBLICATIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C R Coles

Mrs A Coles

REGISTERED OFFICE:

Lodge House

Chipperfield Road

Bovingdon

Hemel Hempstead

HP3 0JR

REGISTERED NUMBER:

07665910 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

Chartered Certified Accountants

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

FIXED ASSETS

Tangible assets

4

1,527

983

CURRENT ASSETS

Stocks

18,445

14,492

Debtors

5

60,080

38,872

Cash at bank

1,168

12,038

79,693

65,402

CREDITORS

Amounts falling due within one year

6

34,325

21,344

NET CURRENT ASSETS

45,368

44,058

TOTAL ASSETS LESS CURRENT LIABILITIES

46,895

45,041

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

46,795

44,941

SHAREHOLDERS' FUNDS

46,895

45,041

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 28 August 2018 and were signed on its behalf by:

C R Coles - Director

Mrs A Coles - Director

1.	STATUTORY INFORMATION

A&C Publications 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 represents net invoiced sales of goods and services, excluding value added tax.

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

-

33% 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

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

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2016

2,471

Additions

989

At 30 November 2017

3,460

DEPRECIATION

At 1 December 2016

1,488

Charge for year

445

At 30 November 2017

1,933

NET BOOK VALUE

At 30 November 2017

1,527

At 30 November 2016

983

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

41,773

37,272

Other debtors

18,307

1,600

60,080

38,872

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

11,361

988

Taxation and social security

19,967

17,459

Other creditors

2,997

2,897

34,325

21,344

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2017 and

30 November 2016:

2017

2016

£

£

Mrs A Coles and C R Coles

Balance outstanding at start of year

375

29,110

Amounts advanced

52,193

3,065

Amounts repaid

(39,250

)

(31,800

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,318

375