Company Registration No. 04444841 (England and Wales)
ACUMEN DESIGNERS & ARCHITECTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
ACUMEN DESIGNERS & ARCHITECTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ACUMEN DESIGNERS & ARCHITECTS LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
9,328
11,226
Current assets
Stocks
21,000
15,000
Debtors
62,229
26,687
Cash at bank and in hand
30,291
769
113,520
42,456
Creditors: amounts falling due within one year
(63,262)
(39,552)
Net current assets
50,258
2,904
Total assets less current liabilities
59,586
14,130
Capital and reserves
Called up share capital
3
20
20
Profit and loss account
59,566
14,110
Shareholders' funds
59,586
14,130
For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 13 February 2017
Mr Jeremy Child
Director
Company Registration No. 04444841
ACUMEN DESIGNERS & ARCHITECTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2015 & at 31 May 2016
33,780
Depreciation
At 1 June 2015
22,554
Charge for the year
1,898
At 31 May 2016
24,452
Net book value
At 31 May 2016
9,328
At 31 May 2015
11,226
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
20 Ordinary Shares of £1 each
20
20