2 31/01/2023 2023-01-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-02-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 06463780 2022-02-01 2023-01-31 06463780 2023-01-31 06463780 2022-01-31 06463780 2021-02-01 2022-01-31 06463780 2022-01-31 06463780 2021-01-31 06463780 core:PlantMachinery 2022-02-01 2023-01-31 06463780 core:FurnitureFittingsToolsEquipment 2022-02-01 2023-01-31 06463780 core:MotorVehicles 2022-02-01 2023-01-31 06463780 bus:RegisteredOffice 2022-02-01 2023-01-31 06463780 bus:LeadAgentIfApplicable 2022-02-01 2023-01-31 06463780 bus:Director1 2022-02-01 2023-01-31 06463780 bus:Director2 2022-02-01 2023-01-31 06463780 bus:CompanySecretary1 2022-02-01 2023-01-31 06463780 core:PlantMachinery 2022-01-31 06463780 core:FurnitureFittingsToolsEquipment 2022-01-31 06463780 core:MotorVehicles 2022-01-31 06463780 core:PlantMachinery 2023-01-31 06463780 core:FurnitureFittingsToolsEquipment 2023-01-31 06463780 core:MotorVehicles 2023-01-31 06463780 core:WithinOneYear 2023-01-31 06463780 core:WithinOneYear 2022-01-31 06463780 core:AfterOneYear 2023-01-31 06463780 core:AfterOneYear 2022-01-31 06463780 core:RetainedEarningsAccumulatedLosses 2021-02-01 2022-01-31 06463780 core:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 06463780 core:ShareCapital 2023-01-31 06463780 core:ShareCapital 2022-01-31 06463780 core:RetainedEarningsAccumulatedLosses 2023-01-31 06463780 core:RetainedEarningsAccumulatedLosses 2022-01-31 06463780 core:ShareCapital 2021-01-31 06463780 core:RetainedEarningsAccumulatedLosses 2021-01-31 06463780 core:PlantMachinery 2022-01-31 06463780 core:FurnitureFittingsToolsEquipment 2022-01-31 06463780 core:MotorVehicles 2022-01-31 06463780 bus:Director1 2022-01-31 06463780 bus:Director1 2023-01-31 06463780 bus:Director1 2021-01-31 06463780 bus:Director1 2022-01-31 06463780 bus:Director1 2021-02-01 2022-01-31 06463780 bus:SmallEntities 2022-02-01 2023-01-31 06463780 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 06463780 bus:FullAccounts 2022-02-01 2023-01-31 06463780 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 06463780 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31
Company registration number: 06463780
ACORN BUILDING CONTRACTORS (SHROPSHIRE) LIMITED
31 January 2023
HEYWOODS
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
ACORN BUILDING CONTRACTORS (SHROPSHIRE) LIMITED
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
ACORN BUILDING CONTRACTORS (SHROPSHIRE) LIMITED
DIRECTORS AND OTHER INFORMATION
Directors Mr M A W Jones
Mrs H C Jones
Secretary Mrs H C Jones
Company number 06463780
Registered office Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
Business address 33 Shrewsbury Road
Hadnall
Shrewsbury
Shropshire
SY4 4AG
Accountants Heywoods
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
ACORN BUILDING CONTRACTORS (SHROPSHIRE) LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ACORN BUILDING CONTRACTORS (SHROPSHIRE) LIMITED
YEAR ENDED 31 JANUARY 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Acorn Building Contractors (Shropshire) Limited for the year ended 31 January 2023 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Acorn Building Contractors (Shropshire) Limited, as a body, in accordance with the terms of our engagement letter dated 14 April 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Acorn Building Contractors (Shropshire) Limited and state those matters that we have agreed to state to the board of directors of Acorn Building Contractors (Shropshire) Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Acorn Building Contractors (Shropshire) Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Acorn Building Contractors (Shropshire) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Acorn Building Contractors (Shropshire) Limited. You consider that Acorn Building Contractors (Shropshire) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Acorn Building Contractors (Shropshire) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Heywoods
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
18 October 2023
ACORN BUILDING CONTRACTORS (SHROPSHIRE) LIMITED
STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 21,269 26,335
_______ _______
21,269 26,335
Current assets
Stock and work-in-progress 1,000 -
Debtors 6 614 4,039
Cash at bank and in hand 38,729 33,048
_______ _______
40,343 37,087
Creditors: amounts falling due
within one year 7 ( 36,200) ( 25,049)
_______ _______
Net current assets 4,143 12,038
_______ _______
Total assets less current liabilities 25,412 38,373
Creditors: amounts falling due
after more than one year 8 ( 18,503) ( 25,318)
Provisions for liabilities ( 4,041) ( 5,004)
_______ _______
Net assets 2,868 8,051
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,768 7,951
_______ _______
Shareholders funds 2,868 8,051
_______ _______
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 11 October 2023 , and are signed on behalf of the board by:
Mr M A W Jones
Director
Company registration number: 06463780
ACORN BUILDING CONTRACTORS (SHROPSHIRE) LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 31 JANUARY 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 February 2021 100 20,975 21,075
Loss for the year ( 6,024) ( 6,024)
_______ _______ _______
Total comprehensive income for the year - ( 6,024) ( 6,024)
Dividends paid and payable ( 7,000) ( 7,000)
_______ _______ _______
Total investments by and distributions to owners - ( 7,000) ( 7,000)
_______ _______ _______
At 31 January 2022 and 1 February 2022 100 7,951 8,051
Loss for the year ( 2,683) ( 2,683)
_______ _______ _______
Total comprehensive income for the year - ( 2,683) ( 2,683)
Dividends paid and payable ( 2,500) ( 2,500)
_______ _______ _______
Total investments by and distributions to owners - ( 2,500) ( 2,500)
_______ _______ _______
At 31 January 2023 100 2,768 2,868
_______ _______ _______
ACORN BUILDING CONTRACTORS (SHROPSHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Countrywide House, Knights Way, Shrewsbury, Shropshire, SY1 3AB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % reducing balance
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 February 2022 11,630 6,794 21,995 40,419
Additions 524 285 - 809
Disposals ( 771) ( 167) - ( 938)
_______ _______ _______ _______
At 31 January 2023 11,383 6,912 21,995 40,290
_______ _______ _______ _______
Depreciation
At 1 February 2022 5,265 3,320 5,499 14,084
Charge for the year 944 513 4,124 5,581
Disposals ( 558) ( 86) - ( 644)
_______ _______ _______ _______
At 31 January 2023 5,651 3,747 9,623 19,021
_______ _______ _______ _______
Carrying amount
At 31 January 2023 5,732 3,165 12,372 21,269
_______ _______ _______ _______
At 31 January 2022 6,365 3,474 16,496 26,335
_______ _______ _______ _______
6. Debtors
2023 2022
£ £
Other debtors 614 4,039
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 7,847 7,406
Corporation tax 276 -
Social security and other taxes 2,411 22
Other creditors 25,666 17,621
_______ _______
36,200 25,049
_______ _______
8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 13,711 18,426
Other creditors 4,792 6,892
_______ _______
18,503 25,318
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr M A W Jones ( 13,727) ( 3,771) ( 17,498)
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr M A W Jones ( 5,051) ( 8,676) ( 13,727)
_______ _______ _______