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REGISTERED NUMBER: 01688988 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ACVR SERVICES LIMITED

ACVR SERVICES LIMITED (REGISTERED NUMBER: 01688988)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACVR SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr RJC Bowyer
Mr G Hale





REGISTERED OFFICE: Unit 40
Coalcart Road
Birstall
Leicestershire
LE4 3BY





REGISTERED NUMBER: 01688988 (England and Wales)

ACVR SERVICES LIMITED (REGISTERED NUMBER: 01688988)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 391,114 387,550

CURRENT ASSETS
Stocks 5 7,500 7,500
Debtors 6 4,005,559 2,571,936
Cash at bank and in hand 912,061 779,401
4,925,120 3,358,837
CREDITORS
Amounts falling due within one year 7 1,985,784 1,334,999
NET CURRENT ASSETS 2,939,336 2,023,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,330,450

2,411,388

CREDITORS
Amounts falling due after more than one year 8 (129,031 ) (145,904 )

PROVISIONS FOR LIABILITIES (74,399 ) (59,944 )
NET ASSETS 3,127,020 2,205,540

CAPITAL AND RESERVES
Called up share capital 200 100
Share premium 76,980 -
Retained earnings 3,049,840 2,205,440
SHAREHOLDERS' FUNDS 3,127,020 2,205,540

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

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

The directors acknowledge their 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.

ACVR SERVICES LIMITED (REGISTERED NUMBER: 01688988)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:





Mr RJC Bowyer - Director


ACVR SERVICES LIMITED (REGISTERED NUMBER: 01688988)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

ACVR Services 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
Revenue comprises the fair value of the sale of goods and services excluding value added taxes and represents net invoice.

The company supplies goods and services under standard terms and conditions. In all cases, revenue is recognised when the risks and rewards of ownership are transferred and this is defined as when the work is completed

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over 10 years
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

ACVR SERVICES LIMITED (REGISTERED NUMBER: 01688988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023 15,787 260,935 467,315 744,037
Additions - 23,670 247,483 271,153
Disposals - - (221,635 ) (221,635 )
At 31 December 2023 15,787 284,605 493,163 793,555
DEPRECIATION
At 1 January 2023 5,262 146,808 204,417 356,487
Charge for year 5,260 20,668 104,255 130,183
Eliminated on disposal - - (84,229 ) (84,229 )
At 31 December 2023 10,522 167,476 224,443 402,441
NET BOOK VALUE
At 31 December 2023 5,265 117,129 268,720 391,114
At 31 December 2022 10,525 114,127 262,898 387,550

ACVR SERVICES LIMITED (REGISTERED NUMBER: 01688988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. STOCKS
2023 2022
£    £   
Stocks 7,500 7,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,273,259 888,518
Other debtors 1,402,318 1,154,510
Directors' current accounts 586,769 170,805
VAT 164,613 201,517
Prepayments 578,600 156,586
4,005,559 2,571,936

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 31,547 40,173
Trade creditors 1,384,763 1,019,979
Amounts owed to group undertakings 196,260 128,026
Taxation 286,992 105,225
Paye/Ni payable 57,551 27,629
Other creditors 21,620 8,867
Wages creditor 801 -
Accruals and deferred income 6,250 5,100
1,985,784 1,334,999

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 129,031 145,904

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 160,578 186,077

The amounts due under hire purchase agreements are secured on the assets subject to the agreement.

ACVR SERVICES LIMITED (REGISTERED NUMBER: 01688988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr RJC Bowyer
Balance outstanding at start of year 170,804 132,442
Amounts advanced 348,965 57,715
Amounts repaid - (19,353 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 519,769 170,804

Mr G Hale
Balance outstanding at start of year - -
Amounts advanced 77,000 -
Amounts repaid (10,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 67,000 -

The loan is interest free and repayable upon demand.

11. RELATED PARTY DISCLOSURES

During the year the company advanced to R&E Property Lets Limited £22,182 (2022: £14,500). At the year end the amount owed by R&E Property Lets Limited was £924,136 (2022: £901,954). Mr Bowyer is a director and shareholder of both companies.

During the year the company advanced to Charnwood Ventilation Hygiene Limited £nil (2022: £1,181). At the year end the amount owed by Charnwood Ventilation Hygiene Limited was £nil (2022: £11,181). Mr Bowyer is a director and shareholder of both companies.

12. ULTIMATE CONTROLLING PARTY

The company's ultimate parent company is LSG Holdings Limited which is registered in England and Wales. LSG Holdings Limited is under the control of Mr RJC Bowyer, director, by virtue of his directorship and shareholding.