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REGISTERED NUMBER: 11262679 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

ACLSEC LIMITED

ACLSEC LIMITED (REGISTERED NUMBER: 11262679)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ACLSEC LIMITED

Company Information
for the year ended 31 March 2024







Directors: Mrs G C Johnson
Mr B A Johnson





Registered office: 23 Algitha Road
Skegness
Lincolnshire
PE25 2AG





Registered number: 11262679 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

ACLSEC LIMITED (REGISTERED NUMBER: 11262679)

Statement of Financial Position
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 390,931 347,072

Current assets
Debtors 5 1,836 2,155
Cash at bank and in hand 80,785 4,041
82,621 6,196
Creditors
Amounts falling due within one year 6 184,412 84,800
Net current liabilities (101,791 ) (78,604 )
Total assets less current liabilities 289,140 268,468

Creditors
Amounts falling due after more than one year 7 (18,679 ) (27,249 )

Provisions for liabilities (87,409 ) (65,944 )
Net assets 183,052 175,275

Capital and reserves
Called up share capital 9 200 100
Retained earnings 10 182,852 175,175
Shareholders' funds 183,052 175,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 27 August 2024 and were signed on its behalf by:





Mr B A Johnson - Director


ACLSEC LIMITED (REGISTERED NUMBER: 11262679)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

ACLSEC 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
At the year end, the company had net current liabilities of £101,791 (2023 £78,604). The directors will continue to support the company and therefore it is correct to treat the company as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


3. Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

ACLSEC LIMITED (REGISTERED NUMBER: 11262679)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Tangible fixed assets
Fixtures
Improvements Plant and and
to property machinery fittings
£ £ £
Cost
At 1 April 2023 214,839 91,119 25,199
Additions 3,122 52,525 34,771
At 31 March 2024 217,961 143,644 59,970
Depreciation
At 1 April 2023 4,465 22,599 6,235
Charge for year 11,691 15,961 7,666
At 31 March 2024 16,156 38,560 13,901
Net book value
At 31 March 2024 201,805 105,084 46,069
At 31 March 2023 210,374 68,520 18,964

Motor Computer
vehicles equipment Totals
£ £ £
Cost
At 1 April 2023 118,290 21,775 471,222
Additions - 1,825 92,243
At 31 March 2024 118,290 23,600 563,465
Depreciation
At 1 April 2023 81,913 8,938 124,150
Charge for year 9,095 3,971 48,384
At 31 March 2024 91,008 12,909 172,534
Net book value
At 31 March 2024 27,282 10,691 390,931
At 31 March 2023 36,377 12,837 347,072

5. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 1,836 2,155

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 9,470 9,470
Hire purchase contracts - 11,382
Trade creditors 325 12,522
Taxation and social security 12,747 10,206
Other creditors 161,870 41,220
184,412 84,800

ACLSEC LIMITED (REGISTERED NUMBER: 11262679)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 18,679 27,249

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts - 11,382

The hire purchase liability is secured against the asset it relates to.

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,000 Ordinary A 10p 100 50
1,000 Ordinary B 10p 100 50
200 100

The following shares were allotted as fully paid as a bonus issue out of reserves during the year:

500 Ordinary A shares of 10p each
500 Ordinary B shares of 10p each

10. Reserves
Retained
earnings
£

At 1 April 2023 175,175
Profit for the year 61,777
Dividends (54,000 )
Bonus share issue (100 )
At 31 March 2024 182,852

11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£ £
Mr B A Johnson and Mrs G C Johnson
Balance outstanding at start of year (40,000 ) 710
Amounts advanced 40,000 -
Amounts repaid (650 ) (40,710 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (650 ) (40,000 )