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Company Registration No. 06478775 (England and Wales)
ACORN UPHOLSTERY LIMITED Unaudited accounts for the year ended 31 January 2024
ACORN UPHOLSTERY LIMITED Unaudited accounts Contents
Page
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ACORN UPHOLSTERY LIMITED Company Information for the year ended 31 January 2024
Director
R Douglas
Company Number
06478775 (England and Wales)
Registered Office
Denmark House 143 High Street Chalfont St Peter SL9 9QL United Kingdom
Accountants
Lane Accounting Limited Denmark House 143 High Street Chalfont St Peter Buckinghamshire SL9 9QL
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ACORN UPHOLSTERY LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,060 
5,414 
Current assets
Inventories
600 
600 
Debtors
- 
1,383 
Cash at bank and in hand
21,407 
4,331 
22,007 
6,314 
Creditors: amounts falling due within one year
(6,538)
(5,141)
Net current assets
15,469 
1,173 
Net assets
19,529 
6,587 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
19,519 
6,577 
Shareholders' funds
19,529 
6,587 
For the year ending 31 January 2024 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 15 March 2024 and were signed on its behalf by
R Douglas Director Company Registration No. 06478775
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ACORN UPHOLSTERY LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
ACORN UPHOLSTERY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06478775. The registered office is Denmark House, 143 High Street, Chalfont St Peter, SL9 9QL, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
20% Reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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ACORN UPHOLSTERY LIMITED Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
3,161 
18,500 
129 
21,790 
At 31 January 2024
3,161 
18,500 
129 
21,790 
Depreciation
At 1 February 2023
2,137 
14,110 
129 
16,376 
Charge for the year
257 
1,097 
- 
1,354 
At 31 January 2024
2,394 
15,207 
129 
17,730 
Net book value
At 31 January 2024
767 
3,293 
- 
4,060 
At 31 January 2023
1,024 
4,390 
- 
5,414 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
1,383 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,822 
187 
Loans from directors
1,501 
3,739 
Accruals
1,215 
1,215 
6,538 
5,141 
7
Pension commitments
The company operates a defined contribution scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. £0 (2023 - £15,000) was contributed by the company in the year.
8
Loans to directors
At 31 January 2024, the company owed Mr R Douglas £2,118 (2023 - £3,739). This is an interest free loan repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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