AC GLOBAL LIMITED

Company Registration Number:
08562147 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

AC GLOBAL LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Additional notes
Balance sheet notes

AC GLOBAL LIMITED

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 147,593 241,781
Total fixed assets: 147,593 241,781
Current assets
Stocks: 4 230,735 226,600
Debtors: 5 1,135,472 737,704
Cash at bank and in hand: 241,857 513,405
Total current assets: 1,608,064 1,477,709
Creditors: amounts falling due within one year: 6 ( 447,888 ) ( 442,878 )
Net current assets (liabilities): 1,160,176 1,034,831
Total assets less current liabilities: 1,307,769 1,276,612
Creditors: amounts falling due after more than one year: 7 ( 145,195 ) ( 223,985 )
Provision for liabilities: ( 22,745 ) ( 22,171 )
Total net assets (liabilities): 1,139,829 1,030,456
Capital and reserves
Called up share capital: 99 99
Profit and loss account: 1,139,730 1,030,357
Total Shareholders' funds: 1,139,829 1,030,456

The notes form part of these financial statements

AC GLOBAL LIMITED

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 24 November 2023
and signed on behalf of the board by:

Name: Mr Melvin Glazebrook
Status: Director

The notes form part of these financial statements

AC GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

AC GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

AC GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2022 86,609 133,367 68,625 50,932 339,533
Additions 19,302 1,012 20,314
Disposals ( 86,609 ) ( 86,609 )
Revaluations
Transfers
At 28 February 2023 0 152,669 69,637 50,932 273,238
Depreciation
At 1 March 2022 54,163 14,776 28,813 97,752
Charge for year 13,076 9,287 5,530 27,893
On disposals
Other adjustments
At 28 February 2023 67,239 24,063 34,343 125,645
Net book value
At 28 February 2023 0 85,430 45,574 16,589 147,593
At 28 February 2022 86,609 79,204 53,849 22,119 241,781

AC GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Stocks

2023 2022
£ £
Stocks 230,735 226,600
Total 230,735 226,600

AC GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Debtors

2023 2022
£ £
Trade debtors 498,219 570,707
Prepayments and accrued income 13,320 15,990
Other debtors 623,933 151,007
Total 1,135,472 737,704

AC GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 156,423 186,216
Trade creditors 219,019 75,099
Taxation and social security 53,988 79,545
Accruals and deferred income 2,500 1,950
Other creditors 15,958 100,068
Total 447,888 442,878

AC GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 145,195 223,985
Total 145,195 223,985