Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 05831600 Mr Andrew Kernick Mr Chris Kernick Mrs Teresa Kernick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05831600 2022-12-31 05831600 2023-12-31 05831600 2023-01-01 2023-12-31 05831600 frs-core:CurrentFinancialInstruments 2023-12-31 05831600 frs-core:Non-currentFinancialInstruments 2023-12-31 05831600 frs-core:BetweenOneFiveYears 2023-12-31 05831600 frs-core:FurnitureFittings 2023-12-31 05831600 frs-core:FurnitureFittings 2023-01-01 2023-12-31 05831600 frs-core:FurnitureFittings 2022-12-31 05831600 frs-core:MotorVehicles 2023-12-31 05831600 frs-core:MotorVehicles 2023-01-01 2023-12-31 05831600 frs-core:MotorVehicles 2022-12-31 05831600 frs-core:PlantMachinery 2023-12-31 05831600 frs-core:PlantMachinery 2023-01-01 2023-12-31 05831600 frs-core:PlantMachinery 2022-12-31 05831600 frs-core:WithinOneYear 2023-12-31 05831600 frs-core:ShareCapital 2023-12-31 05831600 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05831600 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05831600 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05831600 frs-bus:SmallEntities 2023-01-01 2023-12-31 05831600 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05831600 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05831600 frs-bus:Director1 2023-01-01 2023-12-31 05831600 frs-bus:Director1 2022-12-31 05831600 frs-bus:Director1 2023-12-31 05831600 frs-bus:Director2 2023-01-01 2023-12-31 05831600 frs-bus:Director2 2022-12-31 05831600 frs-bus:Director2 2023-12-31 05831600 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 05831600 frs-countries:EnglandWales 2023-01-01 2023-12-31 05831600 2021-12-31 05831600 2022-12-31 05831600 2022-01-01 2022-12-31 05831600 frs-core:CurrentFinancialInstruments 2022-12-31 05831600 frs-core:Non-currentFinancialInstruments 2022-12-31 05831600 frs-core:BetweenOneFiveYears 2022-12-31 05831600 frs-core:MotorVehicles 2022-01-01 2022-12-31 05831600 frs-core:WithinOneYear 2022-12-31 05831600 frs-core:ShareCapital 2022-12-31 05831600 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 05831600
A C T Construction (North West) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Tax Plus Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05831600
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 71,272 79,927
71,272 79,927
CURRENT ASSETS
Stocks 5 250 2,844
Debtors 6 109,985 55,902
Cash at bank and in hand 9,296 28,270
119,531 87,016
Creditors: Amounts Falling Due Within One Year 7 (126,980 ) (69,730 )
NET CURRENT ASSETS (LIABILITIES) (7,449 ) 17,286
TOTAL ASSETS LESS CURRENT LIABILITIES 63,823 97,213
Creditors: Amounts Falling Due After More Than One Year 8 (23,025 ) (40,740 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,542 ) (15,186 )
NET ASSETS 27,256 41,287
CAPITAL AND RESERVES
Called up share capital 10 104 104
Profit and Loss Account 27,152 41,183
SHAREHOLDERS' FUNDS 27,256 41,287
Page 1
Page 2
For the year ending 31 December 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Kernick
Director
31/12/2023
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
A C T Construction (North West) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05831600 . The registered office is 54 Station Road, Turton, Bolton, Lancashire, BL7 0HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% - reducing balance method
Motor Vehicles 20% - reducing balance method
Fixtures & Fittings 15% - reducing balance method
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 5)
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 36,727 66,162 45,776 148,665
Additions - - 2,133 2,133
As at 31 December 2023 36,727 66,162 47,909 150,798
Depreciation
As at 1 January 2023 22,958 19,294 26,486 68,738
Provided during the period 2,017 5,624 3,147 10,788
As at 31 December 2023 24,975 24,918 29,633 79,526
Net Book Value
As at 31 December 2023 11,752 41,244 18,276 71,272
As at 1 January 2023 13,769 46,868 19,290 79,927
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Motor Vehicles 34,134 38,788
34,134 38,788
5. Stocks
2023 2022
£ £
Finished goods 250 2,844
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 70,983 22,074
Prepayments and accrued income 12,985 8,710
Other debtors 2,450 1,500
VAT - 3,987
Directors' loan accounts 23,567 19,631
109,985 55,902
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 7,596 7,596
Trade creditors 37,843 15,836
Bank loans and overdrafts 10,119 9,870
Corporation tax 12,858 7,822
Other taxes and social security 7,743 7,086
VAT 6,551 -
Accruals and deferred income 44,270 21,520
126,980 69,730
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 7,364 14,960
Bank loans 15,661 25,780
23,025 40,740
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,596 7,596
Later than one year and not later than five years 7,364 14,960
14,960 22,556
14,960 22,556
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 104 104
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Andrew Kernick 9,815 44,781 42,812 - 11,783
Mr Chris Kernick 9,815 44,781 42,812 - 11,783
The above loan is unsecured, interest chargded at 2.25% and repayable on demand.
Page 5