IRIS Accounts Production v23.3.0.418 11760914 Board of Directors 1.2.22 31.1.23 31.1.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117609142022-01-31117609142023-01-31117609142022-02-012023-01-31117609142021-01-31117609142021-02-012022-01-31117609142022-01-3111760914ns10:Originalns15:EnglandWales2022-02-012023-01-3111760914ns14:PoundSterlingns10:Original2022-02-012023-01-3111760914ns10:Originalns10:Director12022-02-012023-01-3111760914ns10:Original2022-02-012023-01-3111760914ns10:Original2023-01-3111760914ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3111760914ns10:Originalns10:SmallEntities2022-02-012023-01-3111760914ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3111760914ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3111760914ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3111760914ns10:Originalns10:FullAccounts2022-02-012023-01-3111760914ns10:Originalns10:Director22022-02-012023-01-3111760914ns10:Originalns10:RegisteredOffice2022-02-012023-01-3111760914ns10:Original2022-01-3111760914ns10:Originalns5:CurrentFinancialInstruments2023-01-3111760914ns10:Originalns5:CurrentFinancialInstruments2022-01-3111760914ns10:Originalns5:Non-currentFinancialInstruments2023-01-3111760914ns10:Originalns5:Non-currentFinancialInstruments2022-01-3111760914ns5:ShareCapitalns10:Original2023-01-3111760914ns5:ShareCapitalns10:Original2022-01-3111760914ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3111760914ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3111760914ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-02-012023-01-3111760914ns10:Originalns5:ComputerEquipment2022-02-012023-01-3111760914ns10:Original2021-02-012022-01-3111760914ns10:Originalns5:LandBuildings2022-01-3111760914ns10:Originalns5:ComputerEquipment2022-01-3111760914ns10:Original2022-01-3111760914ns10:Originalns5:LandBuildings2022-02-012023-01-3111760914ns10:Originalns5:LandBuildings2023-01-3111760914ns10:Originalns5:ComputerEquipment2023-01-3111760914ns10:Originalns5:LandBuildings2022-01-3111760914ns10:Originalns5:ComputerEquipment2022-01-3111760914ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3111760914ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-31
REGISTERED NUMBER: 11760914 (England and Wales)


















ACSN LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






ACSN LTD (REGISTERED NUMBER: 11760914)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACSN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: A W Moffatt
Mrs C Moffatt





REGISTERED OFFICE: Sovereign House
15 Towcester Road
Old Stratford
Milton Keynes
Buckinghamshire
MK19 6AN





REGISTERED NUMBER: 11760914 (England and Wales)





ACCOUNTANTS: Thompson Balch Limited
Chartered Accountants
Sovereign House
15 Towcester Road
Old Stratford
Milton Keynes
MK19 6AN

ACSN LTD (REGISTERED NUMBER: 11760914)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,306 25,875

CURRENT ASSETS
Debtors 5 8,103 11,258
Cash at bank 1,128 7
9,231 11,265
CREDITORS
Amounts falling due within one year 6 9,828 14,931
NET CURRENT LIABILITIES (597 ) (3,666 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,709

22,209

CREDITORS
Amounts falling due after more than one
year

7

(16,750

)

(15,292

)

PROVISIONS FOR LIABILITIES (2,956 ) (3,985 )
NET ASSETS 3 2,932

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1 2,930
SHAREHOLDERS' FUNDS 3 2,932

ACSN LTD (REGISTERED NUMBER: 11760914)

BALANCE SHEET - continued
31 JANUARY 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:





A W Moffatt - Director


ACSN LTD (REGISTERED NUMBER: 11760914)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Acsn Ltd 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ACSN LTD (REGISTERED NUMBER: 11760914)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1 February 2022 5,000 29,500 34,500
Additions - 1,200 1,200
At 31 January 2023 5,000 30,700 35,700
DEPRECIATION
At 1 February 2022 1,250 7,375 8,625
Charge for year 938 5,831 6,769
At 31 January 2023 2,188 13,206 15,394
NET BOOK VALUE
At 31 January 2023 2,812 17,494 20,306
At 31 January 2022 3,750 22,125 25,875

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 11,132
Other debtors 8,103 126
8,103 11,258

Directors Loan Account for A Moffat is overdrawn by £8103.18 as at 31.01.2023. This was repaid within 9 months of the year end.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,189 -
Taxation and social security 7,283 13,030
Other creditors 1,356 1,901
9,828 14,931

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 16,750 15,292