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REGISTERED NUMBER: 08327523 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

A C SERVICES (SW) LTD

A C SERVICES (SW) LTD (REGISTERED NUMBER: 08327523)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A C SERVICES (SW) LTD

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mrs J E Schofield
Mr A C Schofield





REGISTERED OFFICE: 17 St Peters Place
Fleetwood
Lancashire
FY7 6EB





REGISTERED NUMBER: 08327523 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
Chartered Accountants
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

A C SERVICES (SW) LTD (REGISTERED NUMBER: 08327523)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 29,705 620

CURRENT ASSETS
Debtors 5 37,735 51,981
Cash at bank 72,839 53,268
110,574 105,249
CREDITORS
Amounts falling due within one year 6 (98,103 ) (78,489 )
NET CURRENT ASSETS 12,471 26,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,176

27,380

CREDITORS
Amounts falling due after more than one
year

7

(39,854

)

(26,657

)

PROVISIONS FOR LIABILITIES - (117 )
NET ASSETS 2,322 606

CAPITAL AND RESERVES
Called up share capital 19 19
Retained earnings 2,303 587
SHAREHOLDERS' FUNDS 2,322 606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

A C SERVICES (SW) LTD (REGISTERED NUMBER: 08327523)

BALANCE SHEET - continued
31 December 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 4 March 2024 and were signed on its behalf by:





Mrs J E Schofield - Director


A C SERVICES (SW) LTD (REGISTERED NUMBER: 08327523)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

A C Services (SW) 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 represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Computer equipment - Straight line over 3 years

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

A C SERVICES (SW) LTD (REGISTERED NUMBER: 08327523)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 - 3,723 3,723
Additions 39,187 - 39,187
At 31 December 2023 39,187 3,723 42,910
DEPRECIATION
At 1 January 2023 - 3,103 3,103
Charge for year 9,797 305 10,102
At 31 December 2023 9,797 3,408 13,205
NET BOOK VALUE
At 31 December 2023 29,390 315 29,705
At 31 December 2022 - 620 620

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 39,187
At 31 December 2023 39,187
DEPRECIATION
Charge for year 9,797
At 31 December 2023 9,797
NET BOOK VALUE
At 31 December 2023 29,390

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 24,566 38,812
Tax 12,669 12,669
Prepayments 500 500
37,735 51,981

A C SERVICES (SW) LTD (REGISTERED NUMBER: 08327523)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,511 8,373
Hire purchase contracts 5,819 -
Tax 15,349 10,199
VAT 4,451 2,044
Other creditors 10,000 10,620
Accruals and deferred income 55,973 47,253
98,103 78,489

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 3,491 3,412
Bank loans - 2-5 years 12,000 11,728
Bank loans more 5 yr by instal 7,743 11,517
Hire purchase contracts 16,620 -
39,854 26,657

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,743 11,517

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mrs J E Schofield
Balance outstanding at start of year 38,812 51,782
Amounts advanced 60,430 28,286
Amounts repaid (74,676 ) (41,256 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,566 38,812

The loan to the director was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.

9. RELATED PARTY DISCLOSURES

Dividends of £52,998 (2022- £30,400) were paid to the directors during the year.