IRIS Accounts Production v23.3.1.45 03536236 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035362362022-03-31035362362023-03-31035362362022-04-012023-03-31035362362021-03-31035362362021-04-012022-03-31035362362022-03-3103536236ns10:Originalns15:EnglandWales2022-04-012023-03-3103536236ns14:PoundSterlingns10:Original2022-04-012023-03-3103536236ns10:Originalns10:Director12022-04-012023-03-3103536236ns10:Original2022-04-012023-03-3103536236ns10:Original2023-03-3103536236ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3103536236ns10:Originalns10:SmallEntities2022-04-012023-03-3103536236ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3103536236ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103536236ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3103536236ns10:Originalns10:FullAccounts2022-04-012023-03-3103536236ns10:Originalns10:RegisteredOffice2022-04-012023-03-3103536236ns10:Original2022-03-3103536236ns10:Originalns5:CurrentFinancialInstruments2023-03-3103536236ns10:Originalns5:CurrentFinancialInstruments2022-03-3103536236ns5:ShareCapitalns10:Original2023-03-3103536236ns5:ShareCapitalns10:Original2022-03-3103536236ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3103536236ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3103536236ns10:Originalns5:PlantMachinery2022-04-012023-03-3103536236ns10:Originalns5:FurnitureFittings2022-04-012023-03-3103536236ns10:Originalns5:MotorVehicles2022-04-012023-03-3103536236ns10:Originalns5:ComputerEquipment2022-04-012023-03-3103536236ns10:Original2021-04-012022-03-3103536236ns10:Originalns5:PlantMachinery2022-03-3103536236ns10:Originalns5:FurnitureFittings2022-03-3103536236ns10:Originalns5:MotorVehicles2022-03-3103536236ns10:Originalns5:ComputerEquipment2022-03-3103536236ns10:Original2022-03-3103536236ns10:Originalns5:PlantMachinery2023-03-3103536236ns10:Originalns5:FurnitureFittings2023-03-3103536236ns10:Originalns5:MotorVehicles2023-03-3103536236ns10:Originalns5:ComputerEquipment2023-03-3103536236ns10:Originalns5:PlantMachinery2022-03-3103536236ns10:Originalns5:FurnitureFittings2022-03-3103536236ns10:Originalns5:MotorVehicles2022-03-3103536236ns10:Originalns5:ComputerEquipment2022-03-3103536236ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103536236ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3103536236ns10:Originalns5:WithinOneYear2023-03-3103536236ns10:Originalns5:WithinOneYear2022-03-3103536236ns5:Securedns10:Original2023-03-3103536236ns5:Securedns10:Original2022-03-31
REGISTERED NUMBER: 03536236 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ACORN BUILDING SERVICES (LUTON) LIMITED

ACORN BUILDING SERVICES (LUTON) LIMITED (REGISTERED NUMBER: 03536236)






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


ACORN BUILDING SERVICES (LUTON) LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2023







DIRECTOR: Mr F K Doyle





REGISTERED OFFICE: 260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





BUSINESS ADDRESS: Room 213, Endeavour House
Wrest Park
Silsoe
Beds
MK45 4HS





REGISTERED NUMBER: 03536236 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

ACORN BUILDING SERVICES (LUTON) LIMITED (REGISTERED NUMBER: 03536236)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,691 49,213

CURRENT ASSETS
Stocks 5 2,064,916 3,157,550
Debtors 6 57,147 29,531
Cash at bank 73,803 47,010
2,195,866 3,234,091
CREDITORS
Amounts falling due within one year 7 1,341,090 2,631,623
NET CURRENT ASSETS 854,776 602,468
TOTAL ASSETS LESS CURRENT
LIABILITIES

875,467

651,681

PROVISIONS FOR LIABILITIES 5,173 9,351
NET ASSETS 870,294 642,330

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 870,194 642,230
SHAREHOLDERS' FUNDS 870,294 642,330

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.

ACORN BUILDING SERVICES (LUTON) LIMITED (REGISTERED NUMBER: 03536236)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 November 2023 and were signed by:





Mr F K Doyle - Director


ACORN BUILDING SERVICES (LUTON) LIMITED (REGISTERED NUMBER: 03536236)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023

1. STATUTORY INFORMATION

Acorn Building Services (Luton) 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.

Turnover
Turnover shown in the profit and loss acount represents amounts invoiced during the year and sale of properties exclusive of value added tax where applicable.

Revenue from the sale of goods and services are recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset and is credited or charged to the profit or loss.

Work in progress
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.

Work in progress is valued at the lower of cost and net realisable value. The cost of work in progress is made up of land, raw materials, direct labour and other direct costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


ACORN BUILDING SERVICES (LUTON) LIMITED (REGISTERED NUMBER: 03536236)

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 55,679 3,696 39,225 8,165 106,765
Disposals (27,000 ) - - - (27,000 )
At 31 March 2023 28,679 3,696 39,225 8,165 79,765
DEPRECIATION
At 1 April 2022 23,240 3,255 24,419 6,638 57,552
Charge for year 1,423 66 3,701 382 5,572
Eliminated on disposal (4,050 ) - - - (4,050 )
At 31 March 2023 20,613 3,321 28,120 7,020 59,074
NET BOOK VALUE
At 31 March 2023 8,066 375 11,105 1,145 20,691
At 31 March 2022 32,439 441 14,806 1,527 49,213

5. STOCKS
2023 2022
£    £   
Work-in-progress 2,064,916 3,157,550

ACORN BUILDING SERVICES (LUTON) LIMITED (REGISTERED NUMBER: 03536236)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,478 -
Other debtors 20,000 -
VAT 19,669 29,531
57,147 29,531

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 910,172 1,410,378
Trade creditors 91,728 252,499
Corporation tax 75,831 38,491
Other creditors 153,071 232,823
Director's loan account 107,188 694,482
Accrued expenses 3,100 2,950
1,341,090 2,631,623

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 6,360

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 910,172 1,410,378

The bank loan is secured by way of fixed and floating charges against the site to which it relates.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr F K Doyle.