Registered number
01894896
ACC International Limited
Filleted Accounts
31 August 2023
ACC International Limited
Registered number: 01894896
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 360,385 360,857
Current assets
Debtors 4 1,129 1,494
Cash at bank and in hand 39,568 23,985
40,697 25,479
Creditors: amounts falling due within one year 5 (18,939) (28,282)
Net current assets/(liabilities) 21,758 (2,803)
Total assets less current liabilities 382,143 358,054
Provisions for liabilities (5,400) (4,913)
Net assets 376,743 353,141
Capital and reserves
Called up share capital 100 100
Profit and loss account 376,643 353,041
Shareholder's funds 376,743 353,141
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Susan Jones
Director
Approved by the board on 9 February 2024
ACC International Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rental income receivable for the year from investment property exclusive of value added tax. Rental income invoiced in advance is recorded as deferred income and included in creditors falling due in one year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than investment property, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Furniture, fittings and equipment 15% straight line
Debtors
Short term debtors are measured at transaction price.
Creditors
Short term creditors are measured at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Investment property Furniture fittings & equipment Total
£ £ £
Cost
At 1 September 2022 360,000 101,142 461,142
At 31 August 2023 360,000 101,142 461,142
Depreciation
At 1 September 2022 - 100,285 100,285
Charge for the year - 472 472
At 31 August 2023 - 100,757 100,757
Net book value
At 31 August 2023 360,000 385 360,385
At 31 August 2022 360,000 857 360,857
The investment property was valued on an open market basis by the director following the renewal of the lease to the tenants in 2022.
4 Debtors 2023 2022
£ £
Trade debtors - 1,494
Other debtors 1,129 -
1,129 1,494
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 6,199 5,659
Other creditors 12,740 22,623
18,939 28,282
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Susan Jones
Unsecured, interest free loan, no fixed repayment date 1,169 1,838 (1,825) 1,182
1,169 1,838 (1,825) 1,182
7 Other information
ACC International Limited is a private company limited by shares and incorporated in England. Its registered office is:
Old Lane House
Ridgway
Pyrford
Surrey
GU22 8PR
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