Company registration number 9231668 (England and Wales)
ACETASTIC LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ACETASTIC LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ACETASTIC LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2023
30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
4,981
5,860
Current assets
Stocks
3,000
2,000
Cash at bank and in hand
4,835
4,180
7,835
6,180
Creditors: amounts falling due within one year
5
(4,939)
(13,546)
Net current assets/(liabilities)
2,896
(7,366)
Net assets/(liabilities)
7,877
(1,506)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
7,876
(1,507)
Total equity
7,877
(1,506)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 30 July 2024
Mr G Varma
Director
Company registration number 9231668 (England and Wales)
ACETASTIC LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 2 -
1
Accounting policies
Company information

Acetastic Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 15 Repton Drive, Coventry, CV6 7LU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
ACETASTIC LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 3 -
4
Tangible fixed assets
Computers
£
Cost
At 1 October 2022 and 30 September 2023
14,882
Depreciation and impairment
At 1 October 2022
9,022
Depreciation charged in the year
879
At 30 September 2023
9,901
Carrying amount
At 30 September 2023
4,981
At 30 September 2022
5,860
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
-
0
1,136
Corporation tax
3,804
-
0
Other taxation and social security
632
632
Other creditors
503
11,778
4,939
13,546
2023-09-302022-10-01false30 July 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityThis audit opinion is unqualifiedMr G Varmafalsefalse2024-07-30McGlone Wardzynski Limited92316682022-10-012023-09-3092316682023-09-3092316682022-09-309231668core:ComputerEquipment2023-09-309231668core:ComputerEquipment2022-09-309231668core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-309231668core:CurrentFinancialInstrumentscore:WithinOneYear2022-09-309231668core:CurrentFinancialInstruments2023-09-309231668core:CurrentFinancialInstruments2022-09-309231668core:ShareCapital2023-09-309231668core:ShareCapital2022-09-309231668core:RetainedEarningsAccumulatedLosses2023-09-309231668core:RetainedEarningsAccumulatedLosses2022-09-309231668bus:Director12022-10-012023-09-309231668core:ComputerEquipment2022-10-012023-09-3092316682021-10-012022-09-309231668core:ComputerEquipment2022-09-309231668bus:PrivateLimitedCompanyLtd2022-10-012023-09-309231668bus:SmallCompaniesRegimeForAccounts2022-10-012023-09-309231668bus:FRS1022022-10-012023-09-309231668bus:Audited2022-10-012023-09-309231668bus:FullAccounts2022-10-012023-09-30xbrli:purexbrli:sharesiso4217:GBP