Acclaim Holdings Limited - Period Ending 2014-03-31

Registration number: 07822861

Acclaim Holdings Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

R A Jones & Co
Chartered Accountants
38 Rumbridge Street
Totton
Southampton
Hampshire
SO40 9DS

Acclaim Holdings Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Acclaim Holdings Limited
for the Year Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Acclaim Holdings Limited for the year ended 31 March 2014 set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Acclaim Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Acclaim Holdings Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Acclaim Holdings Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Acclaim Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Acclaim Holdings Limited. You consider that Acclaim Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Acclaim Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

R A Jones & Co
Chartered Accountants
38 Rumbridge Street
Totton
Southampton
Hampshire
SO40 9DS

30 December 2014

Page 1

Acclaim Holdings Limited
(Registration number: 07822861)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Investments					151			100
Current assets
Debtors					29,900			60
Cash at bank and in hand					63			-
					29,963			60
Creditors: Amounts falling due within one year					(15,806)			(109)
Net current assets/(liabilities)					14,157			(49)
Net assets					14,308			51
Capital and reserves
Called up share capital		3			102			51
Profit and loss account					14,206			-
Shareholders' funds					14,308			51

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 30 December 2014 and signed on its behalf by:

Mr Mark Andrew Robinson
Chairman

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Acclaim Holdings Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Investments £			Total £
Cost
At 1 April 2013		100			100
Additions		51			51
At 31 March 2014		151			151
Depreciation
At 31 March 2014		-			-
Net book value
At 31 March 2014		151			151
At 31 March 2013		100			100

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Acclaim Logistics Limited	England	Ordinary	100%	Freight logistics and storage

Page 3

Acclaim Holdings Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

Acclaim Parcel Express (Southampton) Limited

England

Ordinary

100%

Parcel deliveries

The profit for the financial period of Acclaim Logistics Limited was £101,553 and the aggregate amount of capital and reserves at the end of the period was £71,653.

The profit for the financial period of Acclaim Parcel Express (Southampton) Limited was £148,897 and the aggregate amount of capital and reserves at the end of the period was £286,223.

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		102			102			51			51

New shares allotted

During the year 51 Ordinary £1 shares having an aggregate nominal value of £51 were allotted for an aggregate consideration of £51. Acquisition of Acclaim Parcel Express (Southampton) Limited.

Page 4