Company Registration No. 08022090 (England and Wales)
ARCO DECORATIONS LIMITED
(FORMALLY TRADING AS ARK DECORATIONS LIMITED)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
ARCO DECORATIONS LIMITED
(FORMALLY TRADING AS ARK DECORATIONS LIMITED)
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ARCO DECORATIONS LIMITED
(FORMALLY TRADING AS ARK DECORATIONS LIMITED)
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
16,825
5,549
Current assets
Stocks
-
4,950
Debtors
22,327
13,151
22,327
18,101
Creditors: amounts falling due within one year
(37,601)
(23,625)
Net current liabilities
(15,274)
(5,524)
Total assets less current liabilities
1,551
25
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
1,550
24
Shareholders' funds
1,551
25
For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his 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 23 July 2015
Mr Mark Evans
Director
Company Registration No. 08022090
ARCO DECORATIONS LIMITED
(FORMALLY TRADING AS ARK DECORATIONS LIMITED)
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
- 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 April 2008).
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:
Computer equipment
33% Straight Line
Fixtures, fittings & equipment
15% Reducing Balance
Motor vehicles
25% Reducing Balance
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2014
10,382
Additions
21,734
Disposals
(7,490)
At 30 April 2015
24,626
Depreciation
At 1 May 2014
4,832
On disposals
(3,277)
Charge for the year
6,246
At 30 April 2015
7,801
Net book value
At 30 April 2015
16,825
At 30 April 2014
5,549
ARCO DECORATIONS LIMITED
(FORMALLY TRADING AS ARK DECORATIONS LIMITED)
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary Shares of £1 each
1
1