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Registered number: 06600064
ACME Capital Limited
Unaudited Financial Statements
For the Period 1 July 2022 to 31 December 2023
Grant-Jones Accountancy Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06600064
31 December 2023 30 June 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 10 100,010
10 100,010
CURRENT ASSETS
Debtors 5 18,454 115,971
Cash at bank and in hand 1,822,303 1,573,435
1,840,757 1,689,406
Creditors: Amounts Falling Due Within One Year 6 (10,438 ) (1,725,640 )
NET CURRENT ASSETS (LIABILITIES) 1,830,319 (36,234 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,830,329 63,776
NET ASSETS 1,830,329 63,776
CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Profit and Loss Account 1,820,329 53,776
SHAREHOLDERS' FUNDS 1,830,329 63,776
Page 1
Page 2
For the period ending 31 December 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Keith O'Brien
Director
28th March 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ACME Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06600064 . The registered office is Camberley House, 1 Portesbery Road, Camberley, Surrey, GU15 3SZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 5 (2022: 5)
5 5
4. Investments
Unlisted
£
Cost
As at 1 July 2022 100,010
Disposals (100,000 )
As at 31 December 2023 10
Provision
As at 1 July 2022 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 10
As at 1 July 2022 100,010
Page 3
Page 4
5. Debtors
31 December 2023 30 June 2022
£ £
Due within one year
Prepayments and accrued income 8,454 -
Other debtors 10,000 115,971
18,454 115,971
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 30 June 2022
£ £
Corporation tax 7,918 8,689
Other creditors - 1,714,851
Accruals and deferred income 2,520 2,100
10,438 1,725,640
7. Share Capital
31 December 2023 30 June 2022
£ £
Allotted, Called up and fully paid 10,000 10,000
Page 4