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REGISTERED NUMBER: 05335974 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ACORN (HULL) LIMITED

ACORN (HULL) LIMITED (REGISTERED NUMBER: 05335974)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACORN (HULL) LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: B T Simpson





REGISTERED OFFICE: 220 Leads Road
Hull
HU7 0DF





REGISTERED NUMBER: 05335974 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

ACORN (HULL) LIMITED (REGISTERED NUMBER: 05335974)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 754,057 760,052

CURRENT ASSETS
Stocks 3,610 3,610
Debtors 5 211,498 166,401
Cash at bank 391,832 175,364
606,940 345,375
CREDITORS
Amounts falling due within one year 6 152,201 120,987
NET CURRENT ASSETS 454,739 224,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,208,796

984,440

PROVISIONS FOR LIABILITIES 13,765 11,601
NET ASSETS 1,195,031 972,839

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 1,194,931 972,739
SHAREHOLDERS' FUNDS 1,195,031 972,839

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ACORN (HULL) LIMITED (REGISTERED NUMBER: 05335974)

BALANCE SHEET - continued
31 March 2023


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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2023 and were signed by:





B T Simpson - Director


ACORN (HULL) LIMITED (REGISTERED NUMBER: 05335974)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Acorn (Hull) Limited is a private company, limited by shares, incorporated and domiciled in England and has its registered office and principal place of business at 220 Leads Road, Hull, HU7 0DF.

The principal activity of the company is the operation of a pallet yard.

The presentational currency of the financial statements is Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the director, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 15% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks
Stocks are stated at the lower of cost, using the first in first out method, and selling price less costs to complete and sell.


ACORN (HULL) LIMITED (REGISTERED NUMBER: 05335974)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on the tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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 6 (2022 - 6 ) .

ACORN (HULL) LIMITED (REGISTERED NUMBER: 05335974)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 698,995 41,644 11,145 118,825 870,609
Additions - 21,550 - - 21,550
Disposals - - - (6,500 ) (6,500 )
At 31 March 2023 698,995 63,194 11,145 112,325 885,659
DEPRECIATION
At 1 April 2022 - 23,198 3,029 84,330 110,557
Charge for year - 3,774 1,464 17,865 23,103
Eliminated on disposal - - - (2,058 ) (2,058 )
At 31 March 2023 - 26,972 4,493 100,137 131,602
NET BOOK VALUE
At 31 March 2023 698,995 36,222 6,652 12,188 754,057
At 31 March 2022 698,995 18,446 8,116 34,495 760,052

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 194,361 164,288
Other debtors 17,137 2,113
211,498 166,401

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 37,502 9,847
Taxation and social security 109,512 95,708
Other creditors 5,187 15,432
152,201 120,987