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REGISTERED NUMBER: 03881716 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ACRE & BOURNE LIMITED

ACRE & BOURNE LIMITED (REGISTERED NUMBER: 03881716)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACRE & BOURNE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: T Milbourne





SECRETARY: A J Company Formations Limited





REGISTERED OFFICE: The Coach House
The Square
Sawbridgeworth
Hertfordshire
CM21 9AE





REGISTERED NUMBER: 03881716 (England and Wales)





ACCOUNTANTS: Ashley James Limited
The Coach House
The Square
Sawbridgeworth
Hertfordshire
CM21 9AE

ACRE & BOURNE LIMITED (REGISTERED NUMBER: 03881716)

BALANCE SHEET
31 MARCH 2023

31/3/23 31/3/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,714 3,580

CURRENT ASSETS
Stocks - 2,000
Debtors 5 57,994 153,954
Cash at bank - 19,604
57,994 175,558
CREDITORS
Amounts falling due within one year 6 (45,020 ) (111,521 )
NET CURRENT ASSETS 12,974 64,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,688

67,617

CREDITORS
Amounts falling due after more than one year 7 (13,000 ) (19,000 )
NET ASSETS 2,688 48,617

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,588 48,517
SHAREHOLDERS' FUNDS 2,688 48,617

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ACRE & BOURNE LIMITED (REGISTERED NUMBER: 03881716)

BALANCE SHEET - continued
31 MARCH 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2023 and were signed by:





T Milbourne - Director


ACRE & BOURNE LIMITED (REGISTERED NUMBER: 03881716)

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

1. STATUTORY INFORMATION

Acre & Bourne Limited 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.

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.
Plant and machinery etc - 25% on cost and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 - 1 ) .

ACRE & BOURNE LIMITED (REGISTERED NUMBER: 03881716)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 44,299
DEPRECIATION
At 1 April 2022 40,719
Charge for year 866
At 31 March 2023 41,585
NET BOOK VALUE
At 31 March 2023 2,714
At 31 March 2022 3,580

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 912 40,780
Other debtors 57,082 113,174
57,994 153,954

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 19,228 6,000
Trade creditors 14,822 51,152
Taxation and social security 5,540 45,971
Other creditors 5,430 8,398
45,020 111,521

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans 13,000 19,000