Acorn Chimney Sweeps Limited
|
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04707703
Acorn Chimney Sweeps Limited
For the year ended 31 March 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Acorn Chimney Sweeps Limited
Chartered Accountants' Report
For the year ended 31 March 2016
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of Acorn Chimney Sweeps Limited for the year ended
31
March
2016
which comprise the Profit and Loss
|
Account
,
the Balance Sheet and the related notes from the company
'
s accounting records and from information
|
and explanations you have given us
.
|
As a practising firm of the Institute of Chartered Accountants in England and Wales
(
ICAEW
)
,
we are subject to its
|
ethical and other professional requirements which are detailed at icaew
.
com
/
membershandbook
.
|
This report is made solely to the Board of Directors of Acorn Chimney Sweeps Limited
,
as a body
,
in accordance
|
with the terms of our engagement letter dated
24
December
2015
.
Our work has been undertaken solely to prepare
|
for your approval the accounts of Acorn Chimney Sweeps Limited and state those matters that we have agreed to
|
state to the Board of Directors of Acorn Chimney Sweeps Limited
,
as a body
,
in this report in accordance with AAF
|
2
/
10
as detailed at icaew
.
com
/
compilation
.
To the fullest extent permitted by law
,
we do not accept or assume
|
responsibility to anyone other than Acorn Chimney Sweeps Limited and its Board of Directors as a body for our
|
work or for this report
.
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It is your duty to ensure that Acorn Chimney Sweeps Limited has kept adequate accounting records to prepare
|
statutory accounts that give a true and fair view of the assets
,
liabilities
,
financial position and profit of Acorn
|
Chimney Sweeps Limited
.
You consider that Acorn Chimney Sweeps Limited is exempt from the statutory audit
|
requirement for the year
.
|
We have not been instructed to carry out an audit or a review of the accounts of Acorn Chimney Sweeps Limited
.
|
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 accounts
.
|
Brownlows Accountants
Bank Chambers
Belgrave Square
Darwen
Lancashire
BB3 1BU
31 October 2015
1 of 4
Abbreviated Balance Sheet
|
Acorn Chimney Sweeps Limited
2016
2015
2
9,723
10,724
9,723
10,724
16,399
8,646
8,646
16,399
Creditors
:
amounts falling due within one year
|
(23,645)
(16,981)
(7,246)
(8,335)
Net current liabilities
Total assets less current liabilities
|
1,388
3,478
Creditors
:
amounts falling due after more than one year
|
(3,431)
(1,373)
15
Net assets
47
1
3
1
14
46
15
47
Shareholders funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
|
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 31 October 2016
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Signed on behalf of the board of directors
|
2 of 4
Notes to the Abbreviated Financial Statements
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Acorn Chimney Sweeps Limited
For the year ended 31 March 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
|
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Motor Vehicles
Fixtures and Fittings
Assets on finance lease and hire purchase
|
Assets held under finance lease or hire purchase contracts i
.
e
.
those contracts where substantially all the risks and
|
rewards of ownership have passed to the company
,
are included in the appropriate category of tangible fixed assets
|
and depreciated over the shorter of the lease term and their estimated expected useful lives
.
|
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods
.
|
3 of 4
Notes to the Abbreviated Financial Statements
|
Acorn Chimney Sweeps Limited
For the year ended 31 March 2016
70,105
1,238
71,343
59,381
2,239
Charge for year
61,620
9,723
10,724
Allotted called up and fully paid
|
2016
2015
1
Ordinary share of £
1
.
00
each
|
1
1
1
1
Ian S Lancaster
Interest payable at the Official Rate and loan repayable on demand
|
5,797
7,896
14,317
(510)
114
5,797
7,896
14,317
(510)
114
4 of 4