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REGISTERED NUMBER: 11519869 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Acme People Ltd

Acme People Ltd (Registered number: 11519869)






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


Acme People Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: F Ludewig





SECRETARY:





REGISTERED OFFICE: 76 Tabernacle Street
London
EC2A 4EA





REGISTERED NUMBER: 11519869 (England and Wales)





ACCOUNTANTS: P Leiwy & Co Ltd, Chartered Accountants
5 The Retreat
Harrow
Middlesex
HA2 7JH

Acme People Ltd (Registered number: 11519869)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 343,218 327,321

CURRENT ASSETS
Stocks 401,599 -
Debtors 5 292,970 504,922
Cash at bank and in hand 1,820,293 1,183,490
2,514,862 1,688,412
CREDITORS
Amounts falling due within one year 6 723,759 452,574
NET CURRENT ASSETS 1,791,103 1,235,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,134,321

1,563,159

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,134,320 1,563,158
SHAREHOLDERS' FUNDS 2,134,321 1,563,159

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.

Acme People Ltd (Registered number: 11519869)

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 22 November 2023 and were signed by:





F Ludewig - Director


Acme People Ltd (Registered number: 11519869)

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

1. STATUTORY INFORMATION

Acme People 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.

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 - 33% on cost, 25% on cost and 10% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Acme People Ltd (Registered number: 11519869)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2022 - 56 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 25,493 493,228 518,721
Additions - 95,855 95,855
At 31 March 2023 25,493 589,083 614,576
DEPRECIATION
At 1 April 2022 7,650 183,750 191,400
Charge for year 2,549 77,409 79,958
At 31 March 2023 10,199 261,159 271,358
NET BOOK VALUE
At 31 March 2023 15,294 327,924 343,218
At 31 March 2022 17,843 309,478 327,321

Acme People Ltd (Registered number: 11519869)

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

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 104,671 345,192
Other debtors 178,477 156,782
283,148 501,974

Amounts falling due after more than one year:
Other debtors 9,822 2,948

Aggregate amounts 292,970 504,922

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 25,236 40,041
Amounts owed to group undertakings 246,871 68,908
Taxation and social security 257,972 175,973
Other creditors 193,680 167,652
723,759 452,574

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
F Ludewig
Balance outstanding at start of year - -
Amounts advanced 92 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 92 -

The company lent monies to a company controlled by the director, . At the year end the outstanding loan was £92. The money was repaid on 1 November 2023..

8. ULTIMATE CONTROLLING PARTY

The controlling party is F Ludewig.