Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-03-24false1falsetrue 14001076 2022-03-23 14001076 2022-03-24 2023-03-31 14001076 2021-12-24 2022-03-23 14001076 2023-03-31 14001076 c:Director1 2022-03-24 2023-03-31 14001076 d:CurrentFinancialInstruments 2023-03-31 14001076 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 14001076 d:UKTax 2022-03-24 2023-03-31 14001076 d:ShareCapital 2023-03-31 14001076 d:RetainedEarningsAccumulatedLosses 2023-03-31 14001076 c:FRS102 2022-03-24 2023-03-31 14001076 c:AuditExempt-NoAccountantsReport 2022-03-24 2023-03-31 14001076 c:FullAccounts 2022-03-24 2023-03-31 14001076 c:PrivateLimitedCompanyLtd 2022-03-24 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 14001076









ACM DESIGN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
ACM DESIGN LIMITED
REGISTERED NUMBER: 14001076

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
937

Cash at bank and in hand
 6 
763

  
1,700

Creditors: amounts falling due within one year
 7 
(1,514)

Net current assets
  
 
 
186

Total assets less current liabilities
  
186

  

Net assets
  
186


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
86

  
186


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 October 2023.




Andrea Matarazzo
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
ACM DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

ACM Design Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 30 Orange Street, London, WC2H 7HF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value.

Page 2

 
ACM DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Taxation


2023
£

Corporation tax


Current tax on profits for the year
314


314


Total current tax
314

Factors affecting tax charge for the period

There were no factors that affected the tax charge for the period which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of19%.



Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 3

 
ACM DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Debtors

2023
£


Directors Loan Account
937

937



6.


Cash

2023
£

Cash at bank
763

763



7.


Creditors: Amounts falling due within one year

2023
£

Accruals
1,200

Corporation tax
314

1,514


 
Page 4