Company Registration No. 13683145 (England and Wales)
ACORN GARAGE DOORS GROUP LTD
Unaudited accounts
for the year ended 31 July 2023
ACORN GARAGE DOORS GROUP LTD
Unaudited accounts
Contents
ACORN GARAGE DOORS GROUP LTD
Company Information
for the year ended 31 July 2023
Directors
Kenneth Holden
Charlene Holden
Mark Ellis
Sunivar Ellis
Company Number
13683145 (England and Wales)
Registered Office
610 JUBILEE ROAD
LETCHWORTH GARDEN CITY
SG6 1NE
ENGLAND
Accountants
RPJ Accountancy Limited
Rivers Lodge
West Common
Harpenden
Hertfordshire
AL5 2JD
ACORN GARAGE DOORS GROUP LTD
Accountants' report
Accountants' report to the board of directors of ACORN GARAGE DOORS GROUP LTD (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 July 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 July 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
RPJ Accountancy Limited
Rivers Lodge
West Common
Harpenden
Hertfordshire
AL5 2JD
12 September 2023
ACORN GARAGE DOORS GROUP LTD
Statement of financial position
as at 31 July 2023
Intangible assets
40,190
45,214
Tangible assets
17,363
2,166
Cash at bank and in hand
58,299
50,652
Creditors: amounts falling due within one year
(125,890)
(134,905)
Net current liabilities
(11,759)
(42,907)
Called up share capital
10
-
Profit and loss account
45,784
4,473
Shareholders' funds
45,794
4,473
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by
Kenneth Holden
Director
Company Registration No. 13683145
ACORN GARAGE DOORS GROUP LTD
Notes to the Accounts
for the year ended 31 July 2023
ACORN GARAGE DOORS GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 13683145. The registered office is 610 JUBILEE ROAD, LETCHWORTH GARDEN CITY, SG6 1NE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
ACORN GARAGE DOORS GROUP LTD
Notes to the Accounts
for the year ended 31 July 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2022
-
2,083
453
-
2,536
Additions
1,323
11,433
6,713
886
20,355
Disposals
-
(3,000)
-
-
(3,000)
At 31 July 2023
1,323
10,516
7,166
886
19,891
At 1 August 2022
-
304
66
-
370
Charge for the year
125
1,374
886
148
2,533
On disposals
-
(375)
-
-
(375)
At 31 July 2023
125
1,303
952
148
2,528
At 31 July 2023
1,198
9,213
6,214
738
17,363
At 31 July 2022
-
1,779
387
-
2,166
Amounts falling due within one year
Trade debtors
18,555
8,777
Accrued income and prepayments
3,400
3,561
ACORN GARAGE DOORS GROUP LTD
Notes to the Accounts
for the year ended 31 July 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
31,446
32,004
Taxes and social security
10,702
3,082
Other creditors
1,621
30,333
Loans from directors
40,014
40,023
Deferred income
18,770
22,072
8
Transactions with related parties
Sales of £44,883.71 have been made to Pinnacle Real Solutions Limited, a company owned 100% by two of the directors of the company.
9
Average number of employees
During the year the average number of employees was 4 (2022: 3).