AC3 Solutions Limited - Accounts to registrar (filleted) - small 18.2

AC3 Solutions Limited - Accounts to registrar (filleted) - small 18.2

AC3 SOLUTIONS LIMITED - Company Information

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REGISTERED NUMBER: 08453864 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2018

FOR

AC3 SOLUTIONS LIMITED
AC3 SOLUTIONS LIMITED (REGISTERED NUMBER: 08453864)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AC3 SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2018







DIRECTORS: A N Cooke
A Cree





REGISTERED OFFICE: 21 White Meadow
Lea
Preston
Lancashire
PR2 1XD





REGISTERED NUMBER: 08453864 (England and Wales)





ACCOUNTANTS: TLL Accountants
7-9 Station Road
Hesketh Bank
Preston
Lancashire
PR4 6SN
Page 1
AC3 SOLUTIONS LIMITED (REGISTERED NUMBER: 08453864)

BALANCE SHEET
31ST MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,239 6,156

CURRENT ASSETS
Debtors 5 15,539 14,882
Cash at bank and in hand 51,049 35,285
66,588 50,167
CREDITORS
Amounts falling due within one year 6 31,848 35,817
NET CURRENT ASSETS 34,740 14,350
TOTAL ASSETS LESS CURRENT
LIABILITIES
39,979
20,506

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 39,975 20,502
SHAREHOLDERS' FUNDS 39,979 20,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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 11th October 2018 and were signed on its behalf
by:





A Cree - Director


The notes form part of these financial statements

Page 2
AC3 SOLUTIONS LIMITED (REGISTERED NUMBER: 08453864)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2018

1. STATUTORY INFORMATION

AC3 Solutions 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. 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% 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 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 5 (2017 - 3 ) .

Page 3 continued...
AC3 SOLUTIONS LIMITED (REGISTERED NUMBER: 08453864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2018

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2017 3,904 10,791 14,695
Additions 726 3,680 4,406
At 31st March 2018 4,630 14,471 19,101
DEPRECIATION
At 1st April 2017 2,109 6,430 8,539
Charge for year 504 4,819 5,323
At 31st March 2018 2,613 11,249 13,862
NET BOOK VALUE
At 31st March 2018 2,017 3,222 5,239
At 31st March 2017 1,795 4,361 6,156

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 14,989 14,332
Other debtors 550 550
15,539 14,882

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 5,244 2,111
Tax 16,842 15,243
VAT 5,309 4,630
Directors' current accounts 3,680 13,060
Accrued expenses 773 773
31,848 35,817

Page 4