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REGISTERED NUMBER: 06090394 (England and Wales)



































Financial Statements

for the Year Ended 31 August 2023

for

ACCS Limited

ACCS Limited (Registered number: 06090394)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ACCS Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: C A Skidmore
Dr T A Skidmore



REGISTERED OFFICE: Unit 6, Scott Lidgett Industrial Estate
Scott Lidgett Road
Longport
Stoke on Trent
Staffordshire
ST6 4NQ



REGISTERED NUMBER: 06090394 (England and Wales)



SENIOR STATUTORY AUDITOR: Paul Robert Scriven FCCA



AUDITORS: Paterson Brodie Limited
Chartered Certified Accountants
Statutory Auditor
Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB

ACCS Limited (Registered number: 06090394)

Statement of Financial Position
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 4,394 3,939
4,395 3,940

CURRENT ASSETS
Stocks 141,901 113,366
Debtors 6 71,034 134,943
Cash at bank and in hand 180,632 271,863
393,567 520,172
CREDITORS
Amounts falling due within one year 7 34,736 79,189
NET CURRENT ASSETS 358,831 440,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

363,226

444,923

PROVISIONS FOR LIABILITIES 8 1,099 748
NET ASSETS 362,127 444,175

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 362,027 444,075
SHAREHOLDERS' FUNDS 362,127 444,175

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 2 April 2024 and were signed on its behalf by:





Dr T A Skidmore - Director


ACCS Limited (Registered number: 06090394)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

ACCS Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten 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 - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 4% on cost

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

ACCS Limited (Registered number: 06090394)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 8,500
AMORTISATION
At 1 September 2022
and 31 August 2023 8,499
NET BOOK VALUE
At 31 August 2023 1
At 31 August 2022 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 63,618
Additions 1,966
At 31 August 2023 65,584
DEPRECIATION
At 1 September 2022 59,679
Charge for year 1,511
At 31 August 2023 61,190
NET BOOK VALUE
At 31 August 2023 4,394
At 31 August 2022 3,939

ACCS Limited (Registered number: 06090394)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 39,177 109,268
Amounts owed by participating interests 3,153 2,040
Other debtors 28,704 23,635
71,034 134,943

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Payments on account - 3,780
Trade creditors 16,173 29,006
Amounts owed to group undertakings 3,074 3,300
Taxation and social security 5,531 35,508
Other creditors 9,958 7,595
34,736 79,189

8. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 1,099 748

Deferred
tax
£   
Balance at 1 September 2022 748
Provided during year 351
Balance at 31 August 2023 1,099

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Robert Scriven FCCA (Senior Statutory Auditor)
for and on behalf of Paterson Brodie Limited

ACCS Limited (Registered number: 06090394)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

10. RELATED PARTY DISCLOSURES

ACCS Limited is a wholly owned subsidiary of Minchem Limited.

Other related parties have been identified as follows:-

Minchem HMP Limited

ACCS Limited sold goods totalling £5,283 (2022 - £1,638), and purchased goods totalling £17,074 (2022 - £16,905) from Minchem Limited during the year. The amount owing by ACCS Limited at the balance sheet date was £3,074 (2022 - £3,300).

ACCS Limited sold goods totalling £32,092 (2022 - £28,265) and purchased goods totalling £21,817 (2022 - £38,365) from Minchem HMP Limited during the year. The amount owing to ACCS Limited at the balance sheet date was £3,153 (2022 - £2,040).