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REGISTERED NUMBER: SC505390 (Scotland)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

ACR EPOS SYSTEMS LIMITED

ACR EPOS SYSTEMS LIMITED (REGISTERED NUMBER: SC505390)






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


ACR EPOS SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: K Steven
Mrs A B B Steven
P K Steven





REGISTERED OFFICE: 19 Wellington Square
Ayr
KA7 1EZ





REGISTERED NUMBER: SC505390 (Scotland)





ACCOUNTANTS: McLay, McAlister & McGibbon (Ayr) Ltd
Arran House
15D Skye Road
Prestwick
Ayrshire
KA9 2TA

ACR EPOS SYSTEMS LIMITED (REGISTERED NUMBER: SC505390)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 931 1,239
Investments 6 120,905 120,905
121,836 122,144

CURRENT ASSETS
Stocks 34,500 35,250
Debtors 7 102,301 109,484
Cash at bank and in hand 125,166 104,454
261,967 249,188
CREDITORS
Amounts falling due within one year 8 174,917 139,685
NET CURRENT ASSETS 87,050 109,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,886

231,647

CREDITORS
Amounts falling due after more than one
year

9

19,167

29,167
NET ASSETS 189,719 202,480

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 189,619 202,380
SHAREHOLDERS' FUNDS 189,719 202,480

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 directors acknowledge their 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.

ACR EPOS SYSTEMS LIMITED (REGISTERED NUMBER: SC505390)

BALANCE SHEET - continued
30 JUNE 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 Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:





K Steven - Director


ACR EPOS SYSTEMS LIMITED (REGISTERED NUMBER: SC505390)

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

1. STATUTORY INFORMATION

ACR EPOS Systems Limited is a private company, limited by shares , registered in Scotland. 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.

Following the COVID-19 pandemic, the directors have undertaken a review of the trading forecasts and cashflows of the company taking account of the strong working capital position and business support measures provided by the UK government.

After making enquiries, the directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly the accounts continue to be prepared on the going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about ACR EPOS Systems Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

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.

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 etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


ACR EPOS SYSTEMS LIMITED (REGISTERED NUMBER: SC505390)

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

2. ACCOUNTING POLICIES - continued
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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 95,000
AMORTISATION
At 1 July 2022
and 30 June 2023 95,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

ACR EPOS SYSTEMS LIMITED (REGISTERED NUMBER: SC505390)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 6,074
DEPRECIATION
At 1 July 2022 4,835
Charge for year 308
At 30 June 2023 5,143
NET BOOK VALUE
At 30 June 2023 931
At 30 June 2022 1,239

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 120,905
NET BOOK VALUE
At 30 June 2023 120,905
At 30 June 2022 120,905

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 94,139 100,201
Other debtors 8,162 9,283
102,301 109,484

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 66,095 28,753
Amounts owed to group undertakings 31,747 29,960
Taxation and social security 33,340 39,591
Other creditors 43,735 41,381
174,917 139,685

ACR EPOS SYSTEMS LIMITED (REGISTERED NUMBER: SC505390)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Other creditors 19,167 29,167

10. OTHER FINANCIAL COMMITMENTS

The company had total commitments under lease obligations at the balance sheet date of £72,093 (2022
- £44,880).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
K Steven and P K Steven
Balance outstanding at start of year - -
Amounts advanced 50,412 56,990
Amounts repaid (50,412 ) (56,990 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest has been charged on the overdrawn balance at 2.25%.