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REGISTERED NUMBER: 12436578 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

ACORN WAY LIMITED

ACORN WAY LIMITED (Registered number: 12436578)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACORN WAY LIMITED

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Mr Dean John Tiplady





REGISTERED OFFICE: SUITE 4102, CHARLOTTE HOUSE
QUEENS DOCK BUSINESS CENTRE
NORFOLK STREET
LIVERPOOL
Merseyside
L1 0BG





REGISTERED NUMBER: 12436578 (England and Wales)





ACCOUNTANTS: DBS Corporate Accountants
Suite 4102, Charlotte House
Queens Dock Business Centre
67-83 Norfolk Street
Liverpool
Merseyside
L1 0BG

ACORN WAY LIMITED (Registered number: 12436578)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 575,900 381,500

CURRENT ASSETS
Debtors 5 - 118,024
Cash at bank and in hand 3,759 3,707
3,759 121,731
CREDITORS
Amounts falling due within one year 6 17,892 62,444
NET CURRENT (LIABILITIES)/ASSETS (14,133 ) 59,287
TOTAL ASSETS LESS CURRENT
LIABILITIES

561,767

440,787

CREDITORS
Amounts falling due after more than
one year

7

544,290

443,239
NET ASSETS/(LIABILITIES) 17,477 (2,452 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 17,377 (2,552 )
17,477 (2,452 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ACORN WAY LIMITED (Registered number: 12436578)

Balance Sheet - continued
31 January 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 director and authorised for issue on 23 April 2023 and were signed by:





Mr Dean John Tiplady - Director


ACORN WAY LIMITED (Registered number: 12436578)

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

1. STATUTORY INFORMATION

ACORN WAY 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 amounts derived from the services provided by the company falling within its ordinary activities, 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.

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

ACORN WAY LIMITED (Registered number: 12436578)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 February 2022 300,000
Additions 275,900
At 31 January 2023 575,900
NET BOOK VALUE
At 31 January 2023 575,900
At 31 January 2022 300,000

5. DEBTORS
31.1.23 31.1.22
£    £   
Amounts falling due within one year:
Other debtors - 10,912

Amounts falling due after more than one year:
Other debtors - 107,112

Aggregate amounts - 118,024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 10,665 1,891
Trade creditors (1 ) -
Taxation and social security 7,228 2,553
Other creditors - 58,000
17,892 62,444

ACORN WAY LIMITED (Registered number: 12436578)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 37,537 205,465
Other creditors 506,753 237,774
544,290 443,239

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 157,362

Repayable by instalments
Bank loans more 5 yr by instal - 3,888
Other loans more 5yrs instal 319,060 -
319,060 3,888