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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
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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
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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
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ACORN GARAGE DOORS GROUP LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
40,190 
45,214 
Tangible assets
17,363 
2,166 
57,553 
47,380 
Current assets
Inventories
33,877 
27,153 
Debtors
21,955 
14,193 
Cash at bank and in hand
58,299 
50,652 
114,131 
91,998 
Creditors: amounts falling due within one year
(125,890)
(134,905)
Net current liabilities
(11,759)
(42,907)
Net assets
45,794 
4,473 
Capital and reserves
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
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ACORN GARAGE DOORS GROUP LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Pension costs
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
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.
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ACORN GARAGE DOORS GROUP LTD Notes to the Accounts for the year ended 31 July 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2022
50,238 
At 31 July 2023
50,238 
Amortisation
At 1 August 2022
5,024 
Charge for the year
5,024 
At 31 July 2023
10,048 
Net book value
At 31 July 2023
40,190 
At 31 July 2022
45,214 
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 
Depreciation
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 
Net book value
At 31 July 2023
1,198 
9,213 
6,214 
738 
17,363 
At 31 July 2022
- 
1,779 
387 
- 
2,166 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,855 
Trade debtors
18,555 
8,777 
Accrued income and prepayments
3,400 
3,561 
21,955 
14,193 
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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 
£ 
£ 
VAT
1,910 
- 
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 
Accruals
21,427 
7,391 
Deferred income
18,770 
22,072 
125,890 
134,905 
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).
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