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REGISTERED NUMBER: 05530980 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Acqsys Supply Chain Solutions Limited

Acqsys Supply Chain Solutions Limited (Registered number: 05530980)






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


Acqsys Supply Chain Solutions Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: W Howie
G R Williams





REGISTERED OFFICE: Unit 41 Wildmoor Mill
Wildmoor
Bromsgrove
B61 0BX





REGISTERED NUMBER: 05530980 (England and Wales)





ACCOUNTANTS: Mirage Accountants Limited
32 Totternhoe Close
Kenton
Harrow
Middlesex
HA3 0HS

Acqsys Supply Chain Solutions Limited (Registered number: 05530980)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 192,241 35,573
Investments 5 289,800 289,800
482,041 325,373

CURRENT ASSETS
Stocks 6 - 24,485
Debtors 7 347,891 348,856
Cash at bank 380,960 355,654
728,851 728,995
CREDITORS
Amounts falling due within one year 8 114,323 102,098
NET CURRENT ASSETS 614,528 626,897
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,096,569

952,270

CREDITORS
Amounts falling due after more than one
year

9

95,037

28,284
NET ASSETS 1,001,532 923,986

CAPITAL AND RESERVES
Called up share capital 2,800 2,800
Share premium 809,720 809,720
Retained earnings 189,012 111,466
SHAREHOLDERS' FUNDS 1,001,532 923,986

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 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.

Acqsys Supply Chain Solutions Limited (Registered number: 05530980)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:




W Howie - Director



G R Williams - Director


Acqsys Supply Chain Solutions Limited (Registered number: 05530980)

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

1. STATUTORY INFORMATION

Acqsys Supply Chain Solutions 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.

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 - 33% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.


Acqsys Supply Chain Solutions Limited (Registered number: 05530980)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Fixed asset investments
Fixed asset investments are recognised initially at fair value which is normally the transaction price (but excludes any transaction costs). Subsequently, they are measured at fair value through profit or loss except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably which are recognised at cost less impairment until a reliable measure of fair value becomes available. If a reliable measure of fair value is no longer available, the equity instrument’s fair value on the last date the instrument was reliably measurable is treated as the cost of the instrument.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Acqsys Supply Chain Solutions Limited (Registered number: 05530980)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2022 483,932 1,620 485,552
Additions 149,077 48,018 197,095
At 30 September 2023 633,009 49,638 682,647
DEPRECIATION
At 1 October 2022 449,191 788 449,979
Charge for year 34,610 5,817 40,427
At 30 September 2023 483,801 6,605 490,406
NET BOOK VALUE
At 30 September 2023 149,208 43,033 192,241
At 30 September 2022 34,741 832 35,573

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022
and 30 September 2023 289,800
NET BOOK VALUE
At 30 September 2023 289,800
At 30 September 2022 289,800

Fixed asset investments are not listed and are held at cost less impairment as fair value cannot be
reliably determined.

6. STOCKS
30.9.23 30.9.22
£    £   
Work-in-progress - 24,485

Acqsys Supply Chain Solutions Limited (Registered number: 05530980)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 234,822 219,450
Amounts owed by group undertakings 91,036 110,932
Other debtors 1,175 -
Prepayments and accrued income 20,858 18,474
347,891 348,856

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 28,282 9,802
Other loans 21,589 -
Hire purchase contracts - 5,185
Trade creditors 15,408 9,597
Tax 1,484 40,721
Social security and other taxes 1,557 2,621
VAT 41,905 29,932
Directors' current accounts 1,646 1,646
Accruals and deferred income 2,452 2,594
114,323 102,098

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans - 2-5 years - 28,284
Other loans - 1-2 years 51,825 -
Other loans - 2-5 years 43,212 -
95,037 28,284

10. RELATED PARTY DISCLOSURES

At the year end the company was owed £81,655 (2022: £92,482) from its subsidiary Roll Cage Rentals Ltd.

At the year end the company was owed £310 from its parent company Acqsys Supply Chain Holdings Limited.

At the year end the company was owed £9,069 (2022: £18,139) from its associated company Variation Holdings Limited.

11. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Acqsys Supply Chain Holdings Limited by virtue of its shareholding.