Company No:
Contents
DIRECTOR | John Adrian Jones |
REGISTERED OFFICE | 385 Great Western Road |
Aberdeen | |
AB10 6NY | |
United Kingdom | |
COMPANY NUMBER | SC476675(Scotland) |
ACCOUNTANT | Acumen Accountants & Advisors Limited |
Bankhead Drive | |
City South Office Park | |
Portlethen | |
Aberdeen | |
AB12 4XX |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.
It is your duty to ensure that A & C Project Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of A & C Project Management Ltd. You consider that A & C Project Management Ltd is exempt from the statutory audit requirement for the financial year.
We have not been instructed to carry out an audit or a review of the financial statements of A & C Project Management Ltd. 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 financial statements.
Accountants
City South Office Park
Portlethen
Aberdeen
AB12 4XX
2021 | 2020 | |||
Note | £ | £ | ||
Fixed assets | ||||
Tangible assets | 3 |
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215 | 359 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand | 5 |
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460,383 | 561,250 | |||
Creditors | ||||
Amounts falling due within one year | 6 |
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Net current assets | 463,228 | 547,507 | ||
Total assets less current liabilities | 463,443 | 547,866 | ||
Provisions for liabilities | 7 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital | 8 |
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Profit and loss account |
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Total shareholders' funds |
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Director's responsibilities:
The financial statements of A & C Project Management Ltd (registered number:
John Adrian Jones
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year.
A & C Project Management Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 385 Great Western Road, Aberdeen, AB10 6NY, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.
The functional currency of A & C Project Management Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
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 arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Computer equipment - 25% straight line
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
2021 | 2020 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including director |
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Plant and machinery etc | Total | ||
£ | £ | ||
Cost | |||
At 01 June 2020 |
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At 31 May 2021 |
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Accumulated depreciation | |||
At 01 June 2020 |
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Charge for the financial year |
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At 31 May 2021 |
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Net book value | |||
At 31 May 2021 |
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At 31 May 2020 |
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2021 | 2020 | ||
£ | £ | ||
Other debtors |
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£ | £ | ||
Cash at bank and in hand |
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2021 | 2020 | ||
£ | £ | ||
Other creditors |
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Corporation tax | (
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Other taxation and social security |
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2021 | 2020 | ||
£ | £ | ||
At the beginning of financial year | (
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Credited to the Statement of Income and Retained Earnings |
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At the end of financial year | (
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2021 | 2020 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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Transactions with the entity's director
2021 | 2020 | ||
£ | £ | ||
As at 31 May 2021, there is a balance due to Mr A Jones | (959) | (688) |
This loan is interest free and has no repayment terms.