ACORN HILL LIMITED

Company Registration Number:
12942112 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

ACORN HILL LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

ACORN HILL LIMITED

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Current assets
Debtors:     126,065
Cash at bank and in hand: 26,086 181,808
Total current assets: 26,086 307,873
Creditors: amounts falling due within one year:   (2,240) (274,663)
Net current assets (liabilities): 23,846 33,210
Total assets less current liabilities: 23,846 33,210
Total net assets (liabilities): 23,846 33,210
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 23,746 33,110
Shareholders funds: 23,846 33,210

The notes form part of these financial statements

ACORN HILL LIMITED

Balance sheet statements

For the year ending 31 August 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

This report was approved by the board of directors on 14 February 2024
and signed on behalf of the board by:

Name: MRS N N SADIQ
Status: Director

The notes form part of these financial statements

ACORN HILL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

1. Accounting policies

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

Turnover policy

RevenueRevenue is recognised to the extent that it is probable that the economic benefits will flow to theCompany and the revenue can be reliably measured. Revenue is measured as the fair value of theconsideration received or receivable, excluding discounts, rebates, value added tax and other salestaxes. The following criteria must also be met before revenue is recognised:Sale of goodsRevenue from the sale of goods is recognised when all of the following conditions are satisfied: the Company has transferred the significant risks and rewards of ownership to the buyer; the Company retains neither continuing managerial involvement to the degree usuallyassociated with ownership nor effective control over the goods sold; the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the transaction; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.Rendering of servicesRevenue from a contract to provide services is recognised in the period in which the services areprovided in accordance with the stage of completion of the contract when all of the followingconditions are satisfied: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measuredreliably; and the costs incurred and the costs to complete the contract can be measured reliably.

Other accounting policies

CreditorsShort-term creditors are measured at the transaction price. Other financial liabilities, including bankloans, are measured initially at fair value, net of transaction costs, and are measured subsequently atamortised cost using the effective interest method.

ACORN HILL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 0 125