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REGISTERED NUMBER: 10749336 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2023

for

ACL INDUSTRIAL FLOORING (ACL) LIMITED

ACL INDUSTRIAL FLOORING (ACL) LIMITED (REGISTERED NUMBER: 10749336)






Contents of the Financial Statements
for the Year Ended 30th April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACL INDUSTRIAL FLOORING (ACL) LIMITED

Company Information
for the Year Ended 30th April 2023







DIRECTORS: Mrs C Reynolds-Hawkins
Mr A Hawkins





REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR7 1JE





REGISTERED NUMBER: 10749336 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

ACL INDUSTRIAL FLOORING (ACL) LIMITED (REGISTERED NUMBER: 10749336)

Balance Sheet
30th April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 32,262 41,117
32,262 41,117

CURRENT ASSETS
Debtors 6 13,613 28,804
Cash at bank 83,548 112,256
97,161 141,060
CREDITORS
Amounts falling due within one year 7 48,856 73,027
NET CURRENT ASSETS 48,305 68,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,567

109,150

CREDITORS
Amounts falling due after more than one
year

8

(30,775

)

(38,243

)

PROVISIONS FOR LIABILITIES (6,239 ) (7,812 )
NET ASSETS 43,553 63,095

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 43,453 62,995
SHAREHOLDERS' FUNDS 43,553 63,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

ACL INDUSTRIAL FLOORING (ACL) LIMITED (REGISTERED NUMBER: 10749336)

Balance Sheet - continued
30th 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 22nd November 2023 and were signed on its behalf by:




Mrs C Reynolds-Hawkins - Director



Mr A Hawkins - Director


ACL INDUSTRIAL FLOORING (ACL) LIMITED (REGISTERED NUMBER: 10749336)

Notes to the Financial Statements
for the Year Ended 30th April 2023

1. STATUTORY INFORMATION

ACL Industrial Flooring (ACL) 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

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

Impairment of Assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


ACL INDUSTRIAL FLOORING (ACL) LIMITED (REGISTERED NUMBER: 10749336)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2022
and 30th April 2023 17,698
AMORTISATION
At 1st May 2022
and 30th April 2023 17,698
NET BOOK VALUE
At 30th April 2023 -
At 30th April 2022 -

ACL INDUSTRIAL FLOORING (ACL) LIMITED (REGISTERED NUMBER: 10749336)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st May 2022
and 30th April 2023 33,583 24,778 3,790 62,151
DEPRECIATION
At 1st May 2022 7,676 12,093 1,265 21,034
Charge for year 5,182 2,537 1,136 8,855
At 30th April 2023 12,858 14,630 2,401 29,889
NET BOOK VALUE
At 30th April 2023 20,725 10,148 1,389 32,262
At 30th April 2022 25,907 12,685 2,525 41,117

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 5,163 20,674
Prepayments and accrued income 8,450 8,130
13,613 28,804

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 5,147
Trade creditors 4,100 15,740
Tax 21,471 20,721
Social security and other taxes (622 ) 1,782
VAT 12,773 17,939
Other creditors 167 167
Directors' current accounts 77 698
Accrued expenses 890 833
48,856 73,027

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 20,775 27,814
Hire purchase contracts - 429
30,775 38,243

ACL INDUSTRIAL FLOORING (ACL) LIMITED (REGISTERED NUMBER: 10749336)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
100 Ordinary Shares £1 100 100

10. ULTIMATE CONTROLLING PARTY

Throughout the current and previous financial year, Mr A Hawkins & Mrs C Reynolds-Hawkins have controlled the company by virtue of their 100% shareholding.