Company Registration No. 08630346 (England and Wales)
ACER SALES LTD
Unaudited accounts
for the year ended 31 October 2023
ACER SALES LTD
Unaudited accounts
Contents
ACER SALES LTD
Company Information
for the year ended 31 October 2023
Company Number
08630346 (England and Wales)
Registered Office
21 HYDE PARK ROAD
LEEDS
LS6 1PY
ENGLAND
Accountants
HLA Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
ACER SALES LTD
for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ACER SALES LTD for the year ended
31 October 2023 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
HLA Accountants
Chartered Certified Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
8 August 2024
ACER SALES LTD
Statement of financial position
as at 31 October 2023
Tangible assets
8,475
9,971
Cash at bank and in hand
3,205
3,621
Creditors: amounts falling due within one year
(33,593)
(10,255)
Net current assets
24,382
42,972
Total assets less current liabilities
32,857
52,943
Creditors: amounts falling due after more than one year
(32,072)
(41,246)
Profit and loss account
785
11,697
Shareholders' funds
785
11,697
For the year ending 31 October 2023 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 8 August 2024 and were signed on its behalf by
Yasmin KHAN
Director
Company Registration No. 08630346
ACER SALES LTD
Notes to the Accounts
for the year ended 31 October 2023
ACER SALES LTD is a private company, limited by shares, registered in England and Wales, registration number 08630346. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Motor vehicles
20% diminishing balance method.
Fixtures & fittings
20% diminishing balance method.
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.
ACER SALES LTD
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2022
18,000
10,749
28,749
At 31 October 2023
18,000
10,749
28,749
At 1 November 2022
11,574
7,204
18,778
Charge for the year
964
532
1,496
At 31 October 2023
12,538
7,736
20,274
At 31 October 2023
5,462
3,013
8,475
At 31 October 2022
6,426
3,545
9,971
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
8,245
10,255
Loans from directors
25,348
-
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).