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REGISTERED NUMBER: 00900220 (England and Wales)
















ACRIVARN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023






ACRIVARN LIMITED (REGISTERED NUMBER: 00900220)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACRIVARN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2023







DIRECTORS: S L Cope
K L Worsnop
L M Owen





SECRETARY: S L Cope





REGISTERED OFFICE: Unit 1B
Crescent Trading Estate
Dewbury Road
Leeds
LS11 5LQ





REGISTERED NUMBER: 00900220 (England and Wales)





ACCOUNTANTS: BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

ACRIVARN LIMITED (REGISTERED NUMBER: 00900220)

BALANCE SHEET
5 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 324,438 340,611
324,438 340,611

CURRENT ASSETS
Stocks 229,714 212,599
Debtors 6 435,232 474,403
Cash at bank and in hand 497,501 250,039
1,162,447 937,041
CREDITORS
Amounts falling due within one year 7 806,157 690,772
NET CURRENT ASSETS 356,290 246,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

680,728

586,880

PROVISIONS FOR LIABILITIES 46,921 48,631
NET ASSETS 633,807 538,249

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Share premium 128 128
Retained earnings 628,679 533,121
SHAREHOLDERS' FUNDS 633,807 538,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

ACRIVARN LIMITED (REGISTERED NUMBER: 00900220)

BALANCE SHEET - continued
5 APRIL 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 Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:





S L Cope - Director


ACRIVARN LIMITED (REGISTERED NUMBER: 00900220)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1. STATUTORY INFORMATION

Acrivarn 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, together with the movement in amounts recoverable on contracts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, has now been amortised in full previously being written off evenly over its estimated useful life.


Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance and 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

ACRIVARN LIMITED (REGISTERED NUMBER: 00900220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors and trade creditors.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 26 ) .

ACRIVARN LIMITED (REGISTERED NUMBER: 00900220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 6 April 2022
and 5 April 2023 20,000
AMORTISATION
At 6 April 2022
and 5 April 2023 20,000
NET BOOK VALUE
At 5 April 2023 -
At 5 April 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 6 April 2022 25,831 898,933 924,764
Additions 620 76,377 76,997
Disposals - (229,271 ) (229,271 )
At 5 April 2023 26,451 746,039 772,490
DEPRECIATION
At 6 April 2022 - 584,153 584,153
Charge for year - 53,962 53,962
Eliminated on disposal - (190,063 ) (190,063 )
At 5 April 2023 - 448,052 448,052
NET BOOK VALUE
At 5 April 2023 26,451 297,987 324,438
At 5 April 2022 25,831 314,780 340,611

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 167,495 230,136
Amounts recoverable on contract 250,428 204,431
Other debtors 17,309 39,836
435,232 474,403

ACRIVARN LIMITED (REGISTERED NUMBER: 00900220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 278,074 143,945
Amounts owed to group undertakings 56,731 62,356
Taxation and social security 126,967 102,951
Other creditors 344,385 381,520
806,157 690,772

Certain creditors who have supplied goods to the company under a reservation of title clause may have a charge on such goods included in the stock of the Company. It is not practicable to quantify the amount secured.

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 99,000 99,000
Between one and five years 99,000 198,000
198,000 297,000