A.C.A. ASSETS LTD

Company Registration Number:
SC353339 (Scotland)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

A.C.A. ASSETS LTD

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Additional notes
Balance sheet notes

A.C.A. ASSETS LTD

Balance sheet

As at 31 August 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 3,089,991 2,566,459
Investments: 4 18,332 7,333
Total fixed assets: 3,108,323 2,573,792
Current assets
Debtors: 5 2,206,129 2,037,972
Cash at bank and in hand: 483,018 30,004
Total current assets: 2,689,147 2,067,976
Creditors: amounts falling due within one year: 6 ( 811,672 ) ( 1,198,958 )
Net current assets (liabilities): 1,877,475 869,018
Total assets less current liabilities: 4,985,798 3,442,810
Creditors: amounts falling due after more than one year: 7 ( 1,200,440 ) ( 355,971 )
Provision for liabilities: ( 548,291 ) ( 282,946 )
Total net assets (liabilities): 3,237,067 2,803,893
Capital and reserves
Called up share capital: 2 2
Other reserves: 871,250 414,450
Profit and loss account: 2,365,815 2,389,441
Total Shareholders' funds: 3,237,067 2,803,893

The notes form part of these financial statements

A.C.A. ASSETS LTD

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 28 August 2024
and signed on behalf of the board by:

Name: Dara Changizi
Status: Director

The notes form part of these financial statements

A.C.A. ASSETS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets over their estimated useful lives as follows: Freehold property - 2% on cost Plant and machinery - 25% reducing balance and 10% on cost Motor vehicles - 25% reducing balance

A.C.A. ASSETS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

A.C.A. ASSETS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2022 1,300,000 3,003,086 222,580 4,525,666
Additions 56,043 66,019 122,062
Disposals ( 15,078 ) ( 15,078 )
Revaluations 650,000 650,000
Transfers
At 31 August 2023 1,950,000 3,059,129 273,521 5,282,650
Depreciation
At 1 September 2022 60,000 1,810,700 88,507 1,959,207
Charge for year 20,000 183,119 40,081 243,200
On disposals ( 9,748 ) ( 9,748 )
Other adjustments
At 31 August 2023 80,000 1,993,819 118,840 2,192,659
Net book value
At 31 August 2023 1,870,000 1,065,310 154,681 3,089,991
At 31 August 2022 1,240,000 1,192,386 134,073 2,566,459

A.C.A. ASSETS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Fixed assets investments note

The total value of Investments at 31 August 2023 is £18,332 (2022: £18,332).

A.C.A. ASSETS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Debtors

2023 2022
£ £
Trade debtors 2,057 228
Prepayments and accrued income 44,285 8,452
Other debtors 2,159,787 2,029,292
Total 2,206,129 2,037,972

A.C.A. ASSETS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 29,250 29,250
Amounts due under finance leases and hire purchase contracts 20,453 181,908
Trade creditors 2,000
Taxation and social security 5,939 17,279
Accruals and deferred income 2,369 2,500
Other creditors 751,661 968,021
Total 811,672 1,198,958

A.C.A. ASSETS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 1,131,688 60,938
Amounts due under finance leases and hire purchase contracts 68,752 295,033
Total 1,200,440 355,971