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REGISTERED NUMBER: 05937672 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

ACACIA GROUNDCARE EQUIPMENT RENTAL
LIMITED

ACACIA GROUNDCARE EQUIPMENT RENTAL
LIMITED (REGISTERED NUMBER: 05937672)






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


ACACIA GROUNDCARE EQUIPMENT RENTAL
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: D G Hudson
R R Patel





SECRETARY: Sophic Secretaries Ltd





REGISTERED OFFICE: Hollands Lane
Henfield
West Sussex
BN5 9QY





REGISTERED NUMBER: 05937672 (England and Wales)





ACCOUNTANTS: Sophic Finance Ltd
Chartered Accountants
Little Coombe
Longfield Road
Dorking
Surrey
RH4 3DE

ACACIA GROUNDCARE EQUIPMENT RENTAL
LIMITED (REGISTERED NUMBER: 05937672)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,584 14,584
Tangible assets 5 522,364 538,261
531,948 552,845

CURRENT ASSETS
Stocks 215,597 290,131
Debtors 6 178,825 80,377
Cash at bank 64,779 15,392
459,201 385,900
CREDITORS
Amounts falling due within one year 7 333,694 288,190
NET CURRENT ASSETS 125,507 97,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

657,455

650,555

CREDITORS
Amounts falling due after more than one
year

8

547,933

668,097
NET ASSETS/(LIABILITIES) 109,522 (17,542 )

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 9,522 (117,542 )
SHAREHOLDERS' FUNDS 109,522 (17,542 )

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.

ACACIA GROUNDCARE EQUIPMENT RENTAL
LIMITED (REGISTERED NUMBER: 05937672)

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 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 15 March 2024 and were signed on its behalf by:





R R Patel - Director


ACACIA GROUNDCARE EQUIPMENT RENTAL
LIMITED (REGISTERED NUMBER: 05937672)

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

1. STATUTORY INFORMATION

Acacia Groundcare Equipment Rental 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

Going concern
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 invoiced charges for goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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.
Land and buildings - over the term of the lease
Plant and machinery etc - between 10% and 50% on cost

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.

ACACIA GROUNDCARE EQUIPMENT RENTAL
LIMITED (REGISTERED NUMBER: 05937672)

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

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 50,000
AMORTISATION
At 1 October 2022 35,416
Charge for year 5,000
At 30 September 2023 40,416
NET BOOK VALUE
At 30 September 2023 9,584
At 30 September 2022 14,584

ACACIA GROUNDCARE EQUIPMENT RENTAL
LIMITED (REGISTERED NUMBER: 05937672)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 108,408 1,179,717 1,288,125
Additions 3,280 99,153 102,433
Disposals - (47,788 ) (47,788 )
Transfer to ownership 19,910 (19,911 ) (1 )
At 30 September 2023 131,598 1,211,171 1,342,769
DEPRECIATION
At 1 October 2022 69,000 680,864 749,864
Charge for year 8,777 96,307 105,084
Eliminated on disposal - (34,542 ) (34,542 )
Transfer to ownership 7,300 (7,301 ) (1 )
At 30 September 2023 85,077 735,328 820,405
NET BOOK VALUE
At 30 September 2023 46,521 475,843 522,364
At 30 September 2022 39,408 498,853 538,261

The company has two leasehold properties with 10 year leases commencing 2014 and 2018.

The net book value of tangible fixed assets includes £ 209,170 (2022 - £ 248,649 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 130,050 59,149
Other debtors 48,775 21,228
178,825 80,377

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 66,818 66,818
Trade creditors 162,277 99,904
Taxation and social security 57,828 49,191
Other creditors 36,771 62,277
333,694 288,190

ACACIA GROUNDCARE EQUIPMENT RENTAL
LIMITED (REGISTERED NUMBER: 05937672)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,667 26,667
Hire purchase contracts 90,562 96,125
Other creditors 440,704 545,305
547,933 668,097

Other creditors are not secured and do not have a set repayment schedule. However the directors have expressed their intention to reduce them down as and when cash flow permits. Interest is charged at 3% to 5% annually on outstanding balances.