Acrewell Limited |
Notes to the Accounts |
for the year ended 30 September 2021 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Land and buildings |
Nil |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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2 |
Employees |
2021 |
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2020 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Tangible fixed assets |
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Land and buildings |
£ |
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Cost |
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At 1 October 2020 |
60,000 |
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At 30 September 2021 |
60,000 |
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Depreciation |
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At 30 September 2021 |
- |
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Net book value |
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At 30 September 2021 |
60,000 |
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At 30 September 2020 |
60,000 |
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4 |
Creditors: amounts falling due within one year |
2021 |
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2020 |
£ |
£ |
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Other creditors |
60,000 |
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60,000 |
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5 |
Other information |
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Acrewell Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Thorntree Cottage |
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491 Westgate Road |
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Newcastle upon Tyne |
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NE15 7NR |