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REGISTERED NUMBER: 11581357 (England and Wales)


















A C BREAKING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






A C BREAKING LIMITED (REGISTERED NUMBER: 11581357)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A C BREAKING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Ms C Douglas





REGISTERED OFFICE: Highfield Stables
Adstone
Towcester
Northamptonshire
Northamptonshire
NN12 8DS





REGISTERED NUMBER: 11581357 (England and Wales)





ACCOUNTANTS: Thompson Balch Limited
Chartered Accountants
Sovereign House
15 Towcester Road
Old Stratford
Milton Keynes
MK19 6AN

A C BREAKING LIMITED (REGISTERED NUMBER: 11581357)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,573 43,011

CURRENT ASSETS
Stocks 27,826 20,118
Debtors 5 30,696 38,076
Prepayments and accrued income 2,124 5,185
Cash at bank 2,936 1,016
63,582 64,395
CREDITORS
Amounts falling due within one year 6 62,589 59,804
NET CURRENT ASSETS 993 4,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,566

47,602

CREDITORS
Amounts falling due after more than one
year

7

(21,895

)

(31,666

)

PROVISIONS FOR LIABILITIES (4,897 ) (6,365 )
NET ASSETS 7,774 9,571

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7,773 9,570
SHAREHOLDERS' FUNDS 7,774 9,571

A C BREAKING LIMITED (REGISTERED NUMBER: 11581357)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 January 2024 and were signed by:





Ms C Douglas - Director


A C BREAKING LIMITED (REGISTERED NUMBER: 11581357)

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


1. STATUTORY INFORMATION

A C Breaking 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

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 Income and Retained Earnings, 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.

A C BREAKING LIMITED (REGISTERED NUMBER: 11581357)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2022 19,017 6,700 39,245 64,962
Additions - 400 - 400
At 30 September 2023 19,017 7,100 39,245 65,362
DEPRECIATION
At 1 October 2022 5,226 595 16,130 21,951
Charge for year 2,758 1,301 5,779 9,838
At 30 September 2023 7,984 1,896 21,909 31,789
NET BOOK VALUE
At 30 September 2023 11,033 5,204 17,336 33,573
At 30 September 2022 13,791 6,105 23,115 43,011

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,567 36,867
Other debtors 1,129 1,209
30,696 38,076

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 15,965 917
Taxation and social security 13,106 11,353
Other creditors 23,518 37,534
62,589 59,804

A C BREAKING LIMITED (REGISTERED NUMBER: 11581357)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,895 31,666