2022-07-012023-06-302023-06-30false13472936ACHEL GROUP LTD2023-10-11iso4217:GBPxbrli:pure134729362022-07-01134729362023-06-30134729362022-07-012023-06-30134729362021-06-23134729362022-06-30134729362021-06-232022-06-3013472936bus:SmallEntities2022-07-012023-06-3013472936bus:AuditExempt-NoAccountantsReport2022-07-012023-06-3013472936bus:AbridgedAccounts2022-07-012023-06-3013472936bus:PrivateLimitedCompanyLtd2022-07-012023-06-3013472936core:WithinOneYear2023-06-3013472936core:AfterOneYear2023-06-3013472936core:WithinOneYear2022-06-3013472936core:AfterOneYear2022-06-3013472936core:ShareCapital2023-06-3013472936core:SharePremium2023-06-3013472936core:RevaluationReserve2023-06-3013472936core:OtherReservesSubtotal2023-06-3013472936core:RetainedEarningsAccumulatedLosses2023-06-3013472936core:ShareCapital2022-06-3013472936core:SharePremium2022-06-3013472936core:RevaluationReserve2022-06-3013472936core:OtherReservesSubtotal2022-06-3013472936core:RetainedEarningsAccumulatedLosses2022-06-3013472936core:LandBuildings2023-06-3013472936core:PlantMachinery2023-06-3013472936core:Vehicles2023-06-3013472936core:FurnitureFittings2023-06-3013472936core:OfficeEquipment2023-06-3013472936core:NetGoodwill2023-06-3013472936core:IntangibleAssetsOtherThanGoodwill2023-06-3013472936core:ListedExchangeTraded2023-06-3013472936core:UnlistedNon-exchangeTraded2023-06-3013472936core:LandBuildings2022-06-3013472936core:PlantMachinery2022-06-3013472936core:Vehicles2022-06-3013472936core:FurnitureFittings2022-06-3013472936core:OfficeEquipment2022-06-3013472936core:NetGoodwill2022-06-3013472936core:IntangibleAssetsOtherThanGoodwill2022-06-3013472936core:ListedExchangeTraded2022-06-3013472936core:UnlistedNon-exchangeTraded2022-06-3013472936core:LandBuildings2022-07-012023-06-3013472936core:PlantMachinery2022-07-012023-06-3013472936core:Vehicles2022-07-012023-06-3013472936core:FurnitureFittings2022-07-012023-06-3013472936core:OfficeEquipment2022-07-012023-06-3013472936core:NetGoodwill2022-07-012023-06-3013472936core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3013472936core:ListedExchangeTraded2022-07-012023-06-3013472936core:UnlistedNon-exchangeTraded2022-07-012023-06-3013472936core:MoreThanFiveYears2022-07-012023-06-3013472936core:Non-currentFinancialInstruments2023-06-3013472936core:Non-currentFinancialInstruments2022-06-3013472936dpl:CostSales2022-07-012023-06-3013472936dpl:DistributionCosts2022-07-012023-06-3013472936dpl:AdministrativeExpenses2022-07-012023-06-3013472936core:LandBuildings2022-07-012023-06-3013472936core:PlantMachinery2022-07-012023-06-3013472936core:Vehicles2022-07-012023-06-3013472936core:FurnitureFittings2022-07-012023-06-3013472936core:OfficeEquipment2022-07-012023-06-3013472936core:NetGoodwill2022-07-012023-06-3013472936core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3013472936dpl:GroupUndertakings2022-07-012023-06-3013472936dpl:ParticipatingInterests2022-07-012023-06-3013472936dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3013472936core:ListedExchangeTraded2022-07-012023-06-3013472936dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3013472936core:UnlistedNon-exchangeTraded2022-07-012023-06-3013472936dpl:CostSales2021-06-232022-06-3013472936dpl:DistributionCosts2021-06-232022-06-3013472936dpl:AdministrativeExpenses2021-06-232022-06-3013472936core:LandBuildings2021-06-232022-06-3013472936core:PlantMachinery2021-06-232022-06-3013472936core:Vehicles2021-06-232022-06-3013472936core:FurnitureFittings2021-06-232022-06-3013472936core:OfficeEquipment2021-06-232022-06-3013472936core:NetGoodwill2021-06-232022-06-3013472936core:IntangibleAssetsOtherThanGoodwill2021-06-232022-06-3013472936dpl:GroupUndertakings2021-06-232022-06-3013472936dpl:ParticipatingInterests2021-06-232022-06-3013472936dpl:GroupUndertakingscore:ListedExchangeTraded2021-06-232022-06-3013472936core:ListedExchangeTraded2021-06-232022-06-3013472936dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-06-232022-06-3013472936core:UnlistedNon-exchangeTraded2021-06-232022-06-3013472936core:NetGoodwill2023-06-3013472936core:IntangibleAssetsOtherThanGoodwill2023-06-3013472936core:LandBuildings2023-06-3013472936core:PlantMachinery2023-06-3013472936core:Vehicles2023-06-3013472936core:FurnitureFittings2023-06-3013472936core:OfficeEquipment2023-06-3013472936core:AfterOneYear2023-06-3013472936core:WithinOneYear2023-06-3013472936core:ListedExchangeTraded2023-06-3013472936core:UnlistedNon-exchangeTraded2023-06-3013472936core:ShareCapital2023-06-3013472936core:SharePremium2023-06-3013472936core:RevaluationReserve2023-06-3013472936core:OtherReservesSubtotal2023-06-3013472936core:RetainedEarningsAccumulatedLosses2023-06-3013472936core:NetGoodwill2022-06-3013472936core:IntangibleAssetsOtherThanGoodwill2022-06-3013472936core:LandBuildings2022-06-3013472936core:PlantMachinery2022-06-3013472936core:Vehicles2022-06-3013472936core:FurnitureFittings2022-06-3013472936core:OfficeEquipment2022-06-3013472936core:AfterOneYear2022-06-3013472936core:WithinOneYear2022-06-3013472936core:ListedExchangeTraded2022-06-3013472936core:UnlistedNon-exchangeTraded2022-06-3013472936core:ShareCapital2022-06-3013472936core:SharePremium2022-06-3013472936core:RevaluationReserve2022-06-3013472936core:OtherReservesSubtotal2022-06-3013472936core:RetainedEarningsAccumulatedLosses2022-06-3013472936core:NetGoodwill2021-06-2313472936core:IntangibleAssetsOtherThanGoodwill2021-06-2313472936core:LandBuildings2021-06-2313472936core:PlantMachinery2021-06-2313472936core:Vehicles2021-06-2313472936core:FurnitureFittings2021-06-2313472936core:OfficeEquipment2021-06-2313472936core:AfterOneYear2021-06-2313472936core:WithinOneYear2021-06-2313472936core:ListedExchangeTraded2021-06-2313472936core:UnlistedNon-exchangeTraded2021-06-2313472936core:ShareCapital2021-06-2313472936core:SharePremium2021-06-2313472936core:RevaluationReserve2021-06-2313472936core:OtherReservesSubtotal2021-06-2313472936core:RetainedEarningsAccumulatedLosses2021-06-2313472936core:AfterOneYear2022-07-012023-06-3013472936core:WithinOneYear2022-07-012023-06-3013472936core:Non-currentFinancialInstrumentscore:CostValuation2022-07-012023-06-3013472936core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-07-012023-06-3013472936core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-07-012023-06-3013472936core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-07-012023-06-3013472936core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-07-012023-06-3013472936core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-07-012023-06-3013472936core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-07-012023-06-3013472936core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-07-012023-06-3013472936core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-07-012023-06-3013472936core:Non-currentFinancialInstrumentscore:CostValuation2023-06-3013472936core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-3013472936core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-3013472936core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-3013472936core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-3013472936core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-3013472936core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-3013472936core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-3013472936core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-3013472936core:Non-currentFinancialInstrumentscore:CostValuation2022-06-3013472936core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-06-3013472936core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-06-3013472936core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-06-3013472936core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-06-3013472936core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-06-3013472936core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-06-3013472936core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-06-3013472936core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-06-3013472936bus:Director12022-07-012023-06-3013472936bus:Director22022-07-012023-06-30

ACHEL GROUP LTD

Registered Number
13472936
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

ACHEL GROUP LTD
Company Information
for the year from 1 July 2022 to 30 June 2023

Directors

AGU, Marcus Ifeanyi
KILMARTIN, Charlotte Pauline

Registered Address

4th Floor Cardinal House
20 St. Marys Parsonage
Manchester
M3 2LY

Registered Number

13472936 (England and Wales)
ACHEL GROUP LTD
Statement of Financial Position
30 June 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors28,818-
Cash at bank and on hand4-
28,822-
Creditors amounts falling due within one year8(22,391)-
Net current assets (liabilities)6,431-
Total assets less current liabilities6,431-
Net assets6,431-
Capital and reserves
Called up share capital100-
Profit and loss account6,331-
Shareholders' funds6,431-
The financial statements were approved and authorised for issue by the Board of Directors on 11 October 2023, and are signed on its behalf by:
AGU, Marcus Ifeanyi
Director
KILMARTIN, Charlotte Pauline
Director

Registered Company No. 13472936
ACHEL GROUP LTD
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The Achel Group ltd is a private company limited by shares and registered in England and Wales. The registered office is Cardinal House, 20 St. Mary's Parsonage, Manchester, England, M3 2LY.
2.Compliance with applicable reporting framework
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
3.Principal activities
The principal activity of the company continued to be that of business support services.
4.Accounting policies
Functional and presentation currency policy
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Turnover policy
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Taxation. The tax expense represents the sum of the tax currently payable and deferred tax. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax policy
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Foreign currency translation and operations policy
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
Employee benefits policy
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Valuation of financial instruments policy
Financial instruments The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Classification of financial liabilities. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
5.Employee information

20232022
Average number of employees during the year33
6.Contingent liabilities, including financial effect, uncertainties and possible reimbursement
Judgements and key sources of estimation uncertainty In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
7.Debtors within one year

2023

2022

££
Trade debtors / trade receivables3,060-
Other debtors25,758-
Total28,818-
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables10,243-
Taxation and social security12,148-
Total22,391-
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.