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REGISTERED NUMBER: 01646426 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Acorn Office Accessories Limited

Acorn Office Accessories Limited (Registered number: 01646426)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Acorn Office Accessories Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: A D Bartle





REGISTERED OFFICE: Acorn Buildings
Crucible Close
Mushet Park
Coleford
Gloucestershire
GL16 8RE





REGISTERED NUMBER: 01646426 (England and Wales)





ACCOUNTANTS: Orchard Accountancy
6 Orchard Road
Coombs Park
Coleford
Gloucestershire
GL16 8AU

Acorn Office Accessories Limited (Registered number: 01646426)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 453,775 458,331
453,776 458,332

CURRENT ASSETS
Stocks 83,165 48,686
Debtors 6 53,960 36,957
137,125 85,643
CREDITORS
Amounts falling due within one year 7 171,933 115,307
NET CURRENT LIABILITIES (34,808 ) (29,664 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

418,968

428,668

CREDITORS
Amounts falling due after more than one
year

8

(20,720

)

(27,440

)

PROVISIONS FOR LIABILITIES (19,561 ) (20,427 )
NET ASSETS 378,687 380,801

CAPITAL AND RESERVES
Called up share capital 50 50
Share premium 75 75
Freehold Revaluation Reserve 9 87,994 87,994
Retained earnings 290,568 292,682
SHAREHOLDERS' FUNDS 378,687 380,801

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Office Accessories Limited (Registered number: 01646426)

Balance Sheet - continued
30 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 director and authorised for issue on 18 June 2023 and were signed by:





A D Bartle - Director


Acorn Office Accessories Limited (Registered number: 01646426)

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

1. STATUTORY INFORMATION

Acorn Office Accessories 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance and 15% 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.

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.

Acorn Office Accessories Limited (Registered number: 01646426)

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

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2022
and 30 April 2023 16,704
AMORTISATION
At 1 May 2022
and 30 April 2023 16,703
NET BOOK VALUE
At 30 April 2023 1
At 30 April 2022 1

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 480,000 87,527 567,527
DEPRECIATION
At 1 May 2022 24,654 84,542 109,196
Charge for year 4,109 447 4,556
At 30 April 2023 28,763 84,989 113,752
NET BOOK VALUE
At 30 April 2023 451,237 2,538 453,775
At 30 April 2022 455,346 2,985 458,331

Included in cost of land and buildings is freehold land of £ 180,000 (2022 - £ 180,000 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 53,960 36,957

Acorn Office Accessories Limited (Registered number: 01646426)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 47,827 8,184
Trade creditors 20,320 9,692
Taxation and social security 16,987 19,695
Other creditors 86,799 77,736
171,933 115,307

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Other creditors 20,720 27,440

9. RESERVES
Freehold
Revaluation
Reserve
£   
At 1 May 2022
and 30 April 2023 87,994