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ACL Realisations 2024 Limited (formerly Arctane Consulting Limited)
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Notes to the financial statements
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for the period ended 31 May 2024
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1
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Company information
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The company is registered in England and Wales. Its registered number is 14812230. The company is
limited by shares. Its registered office is Unit A, 82 James Carter Road, Mildenhall, Suffolk, IP28 7DE.
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2
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Accounting policies
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Basis of preparing the financial statements
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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 historic cost convention.
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Presentation currency
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The company's financial statements are presented in sterling.
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Going concern
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In preparing these financial statements, the directors have assessed whether there are any material
uncertainties related to events or conditions that cast significant doubt upon the company's ability to
continue as a going concern. In making this assessment, the directors take into account all available
information about the future which is at least 12 months from the date that the financial statements are
authorised for issue.
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The directors consider that the company has adequate resources to continue in business for the
foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial
statements.
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Turnover
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Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, Value Added Tax and other sales taxes.
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Taxation
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Taxation for the period comprises current taxation. Tax is recognised in the Profit and loss account,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.
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Current taxation assets and liabilities are not discounted.
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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.
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3
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Average number of employees
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During the period the average number of employees was Nil.
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4
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Trading Status
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The company ceased trading on the 25th April 2024 and is currently in the process of being wound up.
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2
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