Registered Number 07244247

ACRONYM COMPUTERS LTD

Abbreviated Accounts

31 May 2015

ACRONYM COMPUTERS LTD Registered Number 07244247

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 2,100 2,625
2,100 2,625
Current assets
Stocks 6,727 6,856
Debtors 4,505 5,860
Cash at bank and in hand 12,684 5,267
23,916 17,983
Creditors: amounts falling due within one year (5,319 ) (993 )
Net current assets (liabilities) 18,597 16,990
Total assets less current liabilities 20,697 19,615
Creditors: amounts falling due after more than one year (39,242 ) (42,808 )
Total net assets (liabilities) (18,545 ) (23,193 )
Capital and reserves
Called up share capital 3 1 1
Profit and loss account (18,546 ) (23,194 )
Shareholders' funds (18,545 ) (23,193 )

  • For the year ending 31 May 2015 the company was entitled to exemption 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 directors acknowledge their 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.

Approved by the Board on 11 February 2016

And signed on their behalf by:
Othman Sirokh, Director

ACRONYM COMPUTERS LTD Registered Number 07244247

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1 Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2 Tangible fixed assets
£
Cost
At 1 June 2014 5,277
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2015 5,277
Depreciation
At 1 June 2014 2,652
Charge for the year 525
On disposals -
At 31 May 2015 3,177
Net book values
At 31 May 2015 2,100
At 31 May 2014 2,625
3 Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
1 Ordinary shares of £1 each 1 1