IRIS Accounts Production v23.2.0.158 11763238 director 1.2.22 31.1.23 31.1.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure117632382022-01-31117632382023-01-31117632382022-02-012023-01-31117632382021-01-31117632382021-02-012022-01-31117632382022-01-3111763238ns16:EnglandWales2022-02-012023-01-3111763238ns15:PoundSterling2022-02-012023-01-3111763238ns11:Director12022-02-012023-01-3111763238ns11:PrivateLimitedCompanyLtd2022-02-012023-01-3111763238ns11:SmallEntities2022-02-012023-01-3111763238ns11:AuditExempt-NoAccountantsReport2022-02-012023-01-3111763238ns11:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3111763238ns11:SmallCompaniesRegimeForAccounts2022-02-012023-01-3111763238ns11:FullAccounts2022-02-012023-01-3111763238ns11:OrdinaryShareClass12022-02-012023-01-3111763238ns11:Director22022-02-012023-01-3111763238ns11:RegisteredOffice2022-02-012023-01-3111763238ns6:CurrentFinancialInstruments2023-01-3111763238ns6:CurrentFinancialInstruments2022-01-3111763238ns6:Non-currentFinancialInstruments2023-01-3111763238ns6:Non-currentFinancialInstruments2022-01-3111763238ns6:ShareCapital2023-01-3111763238ns6:ShareCapital2022-01-3111763238ns6:RetainedEarningsAccumulatedLosses2023-01-3111763238ns6:RetainedEarningsAccumulatedLosses2022-01-3111763238ns6:ComputerEquipment2022-02-012023-01-3111763238ns6:PlantMachinery2022-01-3111763238ns6:PlantMachinery2022-02-012023-01-3111763238ns6:PlantMachinery2023-01-3111763238ns6:PlantMachinery2022-01-3111763238ns11:OrdinaryShareClass12023-01-3111763238ns6:RetainedEarningsAccumulatedLosses2022-01-3111763238ns6:RetainedEarningsAccumulatedLosses2022-02-012023-01-31
REGISTERED NUMBER: 11763238 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Acanthion Ltd

Acanthion Ltd (Registered number: 11763238)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Acanthion Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: A Cameron





REGISTERED OFFICE: Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW





REGISTERED NUMBER: 11763238 (England and Wales)





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

Acanthion Ltd (Registered number: 11763238)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 474 633

CURRENT ASSETS
Stocks 9,909 6,510
Cash at bank 11,295 4,779
21,204 11,289
CREDITORS
Amounts falling due within one year 5 15,839 12,847
NET CURRENT ASSETS/(LIABILITIES) 5,365 (1,558 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,839

(925

)

CREDITORS
Amounts falling due after more than one
year

6

2,704

3,786
NET ASSETS/(LIABILITIES) 3,135 (4,711 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 3,035 (4,811 )
SHAREHOLDERS' FUNDS 3,135 (4,711 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Acanthion Ltd (Registered number: 11763238)

Balance Sheet - continued
31 January 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 12 November 2023 and were signed by:





A Cameron - Director


Acanthion Ltd (Registered number: 11763238)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Acanthion Ltd 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.

Significant judgements and estimates
There are no significant judgements or estimates pertaining to these accounts.

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 the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 25% 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.

Functional currency
The functional currency used by the company is £ Sterling.

Financial instruments
Basic financial instruments comprising debtors, bank and cash balances are recorded at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Acanthion Ltd (Registered number: 11763238)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 1,125
DEPRECIATION
At 1 February 2022 492
Charge for year 159
At 31 January 2023 651
NET BOOK VALUE
At 31 January 2023 474
At 31 January 2022 633

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,296 1,320
Trade creditors 3,099 1,667
Taxation and social security 708 -
Other creditors 10,736 9,860
15,839 12,847

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 2,704 3,786

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 February 2022 (4,811 )
Profit for the year 7,846
At 31 January 2023 3,035