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REGISTERED NUMBER: 08016434 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Accu Limited

Accu Limited (Registered number: 08016434)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Accu Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Mr A J Kitson
Mr A Wight
Mr M R Ackroyd
Mr A J Smith





SECRETARY: Mr M R Ackroyd





REGISTERED OFFICE: Hagg Wood Stone Quarry
Woodhead Road
Honley
West Yorkshire
HD9 6PW





REGISTERED NUMBER: 08016434 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Accu Limited (Registered number: 08016434)

Balance Sheet
31 March 2022

31.3.22 31.3.21
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 12,613 10,156
Tangible assets 5 129,373 107,407
141,986 117,563

CURRENT ASSETS
Stocks 6 865,233 497,654
Debtors 7 1,033,399 624,041
Cash at bank and in hand 517,724 507,188
2,416,356 1,628,883
CREDITORS
Amounts falling due within one year 8 1,661,882 1,100,589
NET CURRENT ASSETS 754,474 528,294
TOTAL ASSETS LESS CURRENT
LIABILITIES

896,460

645,857

CREDITORS
Amounts falling due after more than one year 9 (158,333 ) (232,008 )

PROVISIONS FOR LIABILITIES (22,759 ) (14,407 )
NET ASSETS 715,368 399,442

CAPITAL AND RESERVES
Called up share capital 33 33
Retained earnings 715,335 399,409
SHAREHOLDERS' FUNDS 715,368 399,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Accu Limited (Registered number: 08016434)

Balance Sheet - continued
31 March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2022 and were signed on its behalf by:





Mr A J Kitson - Director


Accu Limited (Registered number: 08016434)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Accu Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:


Short leasehold - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Accu Limited (Registered number: 08016434)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 (2021 - 45 ) .

4. INTANGIBLE FIXED ASSETS
Patents and
licences
£
COST
At 1 April 2021 10,156
Additions 2,457
At 31 March 2022 12,613
NET BOOK VALUE
At 31 March 2022 12,613
At 31 March 2021 10,156

Accu Limited (Registered number: 08016434)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£ £ £
COST
At 1 April 2021 36,979 30,417 43,801
Additions 1,100 24,776 6,114
Disposals - - -
At 31 March 2022 38,079 55,193 49,915
DEPRECIATION
At 1 April 2021 16,178 8,239 24,259
Charge for year 5,201 8,561 9,571
Eliminated on disposal - - -
At 31 March 2022 21,379 16,800 33,830
NET BOOK VALUE
At 31 March 2022 16,700 38,393 16,085
At 31 March 2021 20,801 22,178 19,542

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 April 2021 44,543 68,509 224,249
Additions 27,238 22,110 81,338
Disposals (44,543 ) (1,208 ) (45,751 )
At 31 March 2022 27,238 89,411 259,836
DEPRECIATION
At 1 April 2021 25,751 42,415 116,842
Charge for year 5,050 15,139 43,522
Eliminated on disposal (29,666 ) (235 ) (29,901 )
At 31 March 2022 1,135 57,319 130,463
NET BOOK VALUE
At 31 March 2022 26,103 32,092 129,373
At 31 March 2021 18,792 26,094 107,407

6. STOCKS
31.3.22 31.3.21
as restated
£ £
Stocks 865,233 497,654

Accu Limited (Registered number: 08016434)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
as restated
£ £
Trade debtors 528,046 213,376
Amounts receivable in respect of finance leases - 5,327
Other debtors 30,883 7,098
Directors' loan accounts 429,680 387,264
Prepayments 44,790 10,976
1,033,399 624,041

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
as restated
£ £
Bank loans and overdrafts (see note 10) 50,000 41,667
Hire purchase contracts (see note 11) - 8,286
Trade creditors 1,087,382 606,283
Social security and other taxes 17,471 29,123
VAT 97,261 87,359
Other creditors 4,558 8,673
Pension control account 17,331 10,167
Accrued expenses 387,879 309,031
1,661,882 1,100,589

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
as restated
£ £
Bank loans (see note 10) 158,333 208,333
Hire purchase contracts (see note 11) - 23,675
158,333 232,008

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - Over 5 years - 8,333

10. LOANS

An analysis of the maturity of loans is given below:

31.3.22 31.3.21
as restated
£ £
Amounts falling due within one year or on demand:
Bank loans 50,000 41,667

Accu Limited (Registered number: 08016434)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

10. LOANS - continued
31.3.22 31.3.21
as restated
£ £
Amounts falling due between one and two years:
Bank loans - 1-2 years 150,000 50,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 8,333 150,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - Over 5 years - 8,333

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.22 31.3.21
as restated
£ £
Net obligations repayable:
Within one year - 8,286
Between one and five years - 23,675
- 31,961

Non-cancellable
operating leases
31.3.22 31.3.21
as restated
£ £
Within one year 2,756 3,675
Between one and five years - 2,756
2,756 6,431

Accu Limited (Registered number: 08016434)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.2231.3.21
££
Director 1
Balance outstanding at start of year184,44868,878
Amounts advanced219,760184,448
Amounts repaid(184,448)(68,878)
Amounts written off--
Amounts waived--
Balance outstanding at end of year219,760184,448

Director 2
Balance outstanding at start of year172,52878,426
Amounts advanced171,743172,528
(172,528)(78,426)
Amounts written off--
Amounts waived--
Balance outstanding at end of year171,743172,528
Director 3
Balance outstanding at start of year30,28810,723
Amounts advanced38,17730,288
Amounts repaid(30,288)(10,723)
Amounts written off--
Amounts waived--
Balance outstanding at end of year38,17730,288