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Company Registration No. SC207329 (Scotland)
Acosim (UK) Limited Unaudited accounts for the year ended 31 May 2023
Acosim (UK) Limited Company Information for the year ended 31 May 2023
Director
C I Wilson
Company Number
SC207329 (Scotland)
Registered Office
14 Abbotsford Terrace Lanark Lanarkshire ML11 7EG
Accountants
CRK Consultants Ltd 14 Abbotsford Terrace Lanark ML11 7EG
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Acosim (UK) Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
707 
943 
Current assets
Inventories
1,568 
1,568 
Debtors
22,634 
29,961 
24,202 
31,529 
Creditors: amounts falling due within one year
(51,111)
(52,627)
Net current liabilities
(26,909)
(21,098)
Net liabilities
(26,202)
(20,155)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(27,202)
(21,155)
Shareholders' funds
(26,202)
(20,155)
For the year ending 31 May 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 December 2023 and were signed on its behalf by
C I Wilson Director Company Registration No. SC207329
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Acosim (UK) Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Acosim (UK) Limited is a private company, limited by shares, registered in Scotland, registration number SC207329. The registered office is 14 Abbotsford Terrace, Lanark, Lanarkshire, ML11 7EG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
These accounts have been prepared on the going concern basis. The company continues to enjoy the support of the director and related companies, which have undertaken not to withdraw their loan to the detriment of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Stocks
Stocks have been valued at the lower of cost and net realisable valyue, after making due allowance for obsolete and slow moving items..
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Acosim (UK) Limited Notes to the Accounts for the year ended 31 May 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2022
10,830 
At 31 May 2023
10,830 
Amortisation
At 1 June 2022
10,830 
At 31 May 2023
10,830 
Net book value
At 31 May 2023
- 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2022
44,987 
At 31 May 2023
44,987 
Depreciation
At 1 June 2022
44,044 
Charge for the year
236 
At 31 May 2023
44,280 
Net book value
At 31 May 2023
707 
At 31 May 2022
943 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
22,634 
29,961 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,863 
5,153 
Trade creditors
392 
568 
Other creditors
46,171 
46,171 
Accruals
685 
735 
51,111 
52,627 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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