Registered Number 03954853
ACTPIX LIMITED
Abbreviated Accounts
30 March 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Period of account
The financial statements are prepared to the last day in the month nearest the accounting reference date of 30 March.
Turnover policy
Tangible assets depreciation policy
Plant and machinery - 25% on reducing balance
Other accounting policies
Stock is valued at the lower of cost and net realisable value.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Going concern
The company has a directors loan account which will not be withdrawn until there are sufficient funds for the company to repay the loan. Consequently and based on the projected profit for the current year and the continued support of the bank, the director believes it is appropriate to prepare the financial statements on a going concern basis.
£ | |
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Cost | |
At 1 April 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 March 2015 |
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Depreciation | |
At 1 April 2014 |
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Charge for the year |
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On disposals |
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At 30 March 2015 |
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Net book values | |
At 30 March 2015 | 3,146 |
At 31 March 2014 | 3,839 |