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REGISTERED NUMBER: 09036667 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

AC BUSINESS MACHINES LTD

AC BUSINESS MACHINES LTD (REGISTERED NUMBER: 09036667)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AC BUSINESS MACHINES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mr A J Sanders





REGISTERED OFFICE: Hamilton Office Park
31 High View Close
Leicester
LE4 9LJ





REGISTERED NUMBER: 09036667 (England and Wales)





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

AC BUSINESS MACHINES LTD (REGISTERED NUMBER: 09036667)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,110 3,509

CURRENT ASSETS
Stocks 17,300 12,300
Debtors 5 36,018 39,148
Cash at bank and in hand 130,987 177,873
184,305 229,321
CREDITORS
Amounts falling due within one year 6 27,560 79,425
NET CURRENT ASSETS 156,745 149,896
TOTAL ASSETS LESS CURRENT LIABILITIES 164,855 153,405

PROVISIONS FOR LIABILITIES 909 475
NET ASSETS 163,946 152,930

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 163,846 152,830
163,946 152,930

AC BUSINESS MACHINES LTD (REGISTERED NUMBER: 09036667)

BALANCE SHEET - continued
30 JUNE 2023


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

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

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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 January 2024 and were signed by:





Mr A J Sanders - Director


AC BUSINESS MACHINES LTD (REGISTERED NUMBER: 09036667)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

AC Business Machines Ltd 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.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% 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 Statement of Comprehensive Income, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

AC BUSINESS MACHINES LTD (REGISTERED NUMBER: 09036667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 4,915 2,700 3,200 10,815
Additions 3,403 - 2,521 5,924
At 30 June 2023 8,318 2,700 5,721 16,739
DEPRECIATION
At 1 July 2022 2,650 2,429 2,227 7,306
Charge for year 382 68 873 1,323
At 30 June 2023 3,032 2,497 3,100 8,629
NET BOOK VALUE
At 30 June 2023 5,286 203 2,621 8,110
At 30 June 2022 2,265 271 973 3,509

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 30,896 34,265
Other debtors 5,122 4,883
36,018 39,148

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,056 11,844
Taxation and social security 11,471 14,521
Other creditors 3,033 53,060
27,560 79,425

7. RELATED PARTY DISCLOSURES

Included in other creditors is a loan from the director to the company. The balance outstanding as at the year end was £611 (2022- £50,811).
This loan is interest free and repayable on demand.