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REGISTERED NUMBER: 06076663 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Acorn Facilities Management Ltd

Acorn Facilities Management Ltd (Registered number: 06076663)






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


Acorn Facilities Management Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: M Richards
P Sanghera





REGISTERED OFFICE: 2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY





REGISTERED NUMBER: 06076663 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

Acorn Facilities Management Ltd (Registered number: 06076663)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,217 96,154

CURRENT ASSETS
Debtors 5 1,428,490 1,143,792
Cash at bank 8,180 44,511
1,436,670 1,188,303
CREDITORS
Amounts falling due within one year 6 906,929 639,757
NET CURRENT ASSETS 529,741 548,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

633,958

644,700

CREDITORS
Amounts falling due after more than one
year

7

(20,098

)

(30,744

)

PROVISIONS FOR LIABILITIES - (301 )
NET ASSETS 613,860 613,655

CAPITAL AND RESERVES
Called up share capital 800 800
Capital redemption reserve 20 20
Retained earnings 613,040 612,835
SHAREHOLDERS' FUNDS 613,860 613,655

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.

Acorn Facilities Management Ltd (Registered number: 06076663)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





P Sanghera - Director


Acorn Facilities Management Ltd (Registered number: 06076663)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Acorn Facilities Management 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.
Improvements to property - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

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.

Acorn Facilities Management Ltd (Registered number: 06076663)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Leasehold to Motor Computer
property property vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 86,745 12,500 - 24,545 123,790
Additions - - 10,911 - 10,911
At 30 June 2023 86,745 12,500 10,911 24,545 134,701
DEPRECIATION
At 1 July 2022 - 3,592 - 24,044 27,636
Charge for year - 1,250 1,137 461 2,848
At 30 June 2023 - 4,842 1,137 24,505 30,484
NET BOOK VALUE
At 30 June 2023 86,745 7,658 9,774 40 104,217
At 30 June 2022 86,745 8,908 - 501 96,154

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 1,102,309 859,450
Other debtors 6,750 5,550
Prepayments 7,646 4,569
1,116,705 869,569

Acorn Facilities Management Ltd (Registered number: 06076663)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 271,757 274,223
Amounts owed by associates 40,000 -
Deferred tax asset 28 -
311,785 274,223

Aggregate amounts 1,428,490 1,143,792

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,648 9,750
Trade creditors 524,297 436,012
Taxation and social security 230,883 181,737
Other creditors 141,101 12,258
906,929 639,757

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 20,098 30,744