Company Registration No. 03822976 (England and Wales)
THE ALCO GROUP LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
THE ALCO GROUP LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
THE ALCO GROUP LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
577
1,154
Investments
2
12,751
21,718
13,328
22,872
Current assets
Stocks
10,437
8,537
Debtors
106,357
28,463
Cash at bank and in hand
63,418
22,763
180,212
59,763
Creditors: amounts falling due within one year
(147,014)
(80,127)
Net current assets/(liabilities)
33,198
(20,364)
Total assets less current liabilities
46,526
2,508
Capital and reserves
Called up share capital
3
1,600
1,600
Profit and loss account
44,926
908
Shareholders' funds
46,526
2,508
For the financial year ended 31 December 2014 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 11 August 2015
Mr A Leibert
Director
Company Registration No. 03822976
THE ALCO GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 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 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:
Fixtures, fittings and equipment
33.33 % straight line method
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
1.7
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.
THE ALCO GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 January 2014
1,731
21,718
23,449
Disposals
-
(8,967)
(8,967)
At 31 December 2014
1,731
12,751
14,482
Depreciation
At 1 January 2014
577
-
577
Charge for the year
577
-
577
At 31 December 2014
1,154
-
1,154
Net book value
At 31 December 2014
577
12,751
13,328
At 31 December 2013
1,154
21,718
22,872
The market value of UK Quoted listed investments at year end was £2
7
,
894
(2013: £
112
,9
03
).
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1,600 Ordinary shares of £1 each
1,600
1,600