IRIS Accounts Production v23.4.0.336 05853735 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058537352022-07-31058537352023-07-31058537352022-08-012023-07-31058537352021-07-31058537352021-08-012022-07-31058537352022-07-3105853735ns15:EnglandWales2022-08-012023-07-3105853735ns14:PoundSterling2022-08-012023-07-3105853735ns10:Director12022-08-012023-07-3105853735ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3105853735ns10:SmallEntities2022-08-012023-07-3105853735ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3105853735ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3105853735ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3105853735ns10:FullAccounts2022-08-012023-07-3105853735ns10:Director22022-08-012023-07-3105853735ns10:RegisteredOffice2022-08-012023-07-3105853735ns5:CurrentFinancialInstruments2023-07-3105853735ns5:CurrentFinancialInstruments2022-07-3105853735ns5:ShareCapital2023-07-3105853735ns5:ShareCapital2022-07-3105853735ns5:RetainedEarningsAccumulatedLosses2023-07-3105853735ns5:RetainedEarningsAccumulatedLosses2022-07-3105853735ns5:LeaseholdImprovements2022-08-012023-07-3105853735ns5:PlantMachinery2022-08-012023-07-3105853735ns5:FurnitureFittings2022-08-012023-07-3105853735ns5:ComputerEquipment2022-08-012023-07-3105853735ns5:LeaseholdImprovements2022-07-3105853735ns5:PlantMachinery2022-07-3105853735ns5:FurnitureFittings2022-07-3105853735ns5:ComputerEquipment2022-07-3105853735ns5:LeaseholdImprovements2023-07-3105853735ns5:PlantMachinery2023-07-3105853735ns5:FurnitureFittings2023-07-3105853735ns5:ComputerEquipment2023-07-3105853735ns5:LeaseholdImprovements2022-07-3105853735ns5:PlantMachinery2022-07-3105853735ns5:FurnitureFittings2022-07-3105853735ns5:ComputerEquipment2022-07-3105853735ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3105853735ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31
REGISTERED NUMBER: 05853735 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Sussex Acorns Ltd

Sussex Acorns Ltd (Registered number: 05853735)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sussex Acorns Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: J D Irwin
J R Irwin





REGISTERED OFFICE: Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA





REGISTERED NUMBER: 05853735 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Sussex Acorns Ltd (Registered number: 05853735)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,278 1,948

CURRENT ASSETS
Debtors 5 30,392 776
Cash at bank 503,241 454,025
533,633 454,801
CREDITORS
Amounts falling due within one year 6 59,125 69,934
NET CURRENT ASSETS 474,508 384,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

476,786

386,815

PROVISIONS FOR LIABILITIES 433 370
NET ASSETS 476,353 386,445

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 476,253 386,345
476,353 386,445

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

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

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 11 April 2024 and were signed on its behalf by:



J R Irwin - Director


Sussex Acorns Ltd (Registered number: 05853735)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Sussex Acorns 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 - 20% on cost
Office equipment - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

Sussex Acorns Ltd (Registered number: 05853735)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Office and Computer
property equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 47,129 278 1,495 - 48,902
Additions - - - 1,576 1,576
At 31 July 2023 47,129 278 1,495 1,576 50,478
DEPRECIATION
At 1 August 2022 45,585 84 1,285 - 46,954
Charge for year 772 39 41 394 1,246
At 31 July 2023 46,357 123 1,326 394 48,200
NET BOOK VALUE
At 31 July 2023 772 155 169 1,182 2,278
At 31 July 2022 1,544 194 210 - 1,948

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 29,749 -
Other debtors 643 776
30,392 776

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 862 -
Taxation and social security 23,066 11,192
Other creditors 35,197 58,742
59,125 69,934

7. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.