Company Registration No. 12277225 (England and Wales)
AC HARCO LTD
Unaudited accounts
for the year ended 31 October 2021
AC HARCO LTD
Unaudited accounts
Contents
AC HARCO LTD
Company Information
for the year ended 31 October 2021
Director
Anthony Couchman
Company Number
12277225 (England and Wales)
Registered Office
CHAPELSIDE, 20 WIGSLEY ROAD WIGSLEY ROAD
HARBY
NEWARK
NG23 7EF
ENGLAND
Accountants
Binks Overseas Ltd
Eastway Enterprise Centre
7 Paynes Park
Hitchin
Hertfordshire
SG5 1EH
AC HARCO LTD
Statement of financial position
as at
31 October 2021
Cash at bank and in hand
167,367
100,745
Creditors: amounts falling due within one year
(62,755)
(9,834)
Net current assets
104,745
93,894
Total assets less current liabilities
104,745
93,894
Creditors: amounts falling due after more than one year
(10,927)
(47,309)
Called up share capital
1
1
Profit and loss account
93,817
46,584
Shareholders' funds
93,818
46,585
For the year ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 October 2021 and were signed on its behalf by
Anthony Couchman
Director
Company Registration No. 12277225
AC HARCO LTD
Notes to the Accounts
for the year ended 31 October 2021
AC HARCO LTD is a private company, limited by shares, registered in England and Wales, registration number 12277225. The registered office is CHAPELSIDE, 20 WIGSLEY ROAD WIGSLEY ROAD, HARBY, NEWARK, NG23 7EF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Amounts falling due within one year
Amounts falling due after more than one year
5
Creditors: amounts falling due within one year
2021
2020
Trade creditors
2,776
2,542
Taxes and social security
11,951
-
Loans from directors
29,055
7,292
AC HARCO LTD
Notes to the Accounts
for the year ended 31 October 2021
6
Creditors: amounts falling due after more than one year
2021
2020
Taxes and social security
10,927
10,927
Loans from directors
-
36,382
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).