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REGISTERED NUMBER: 03894710 (England and Wales)












Financial Statements

for the Year Ended 31st March 2024

for

ACIDY LTD.

ACIDY LTD. (REGISTERED NUMBER: 03894710)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACIDY LTD.

Company Information
for the year ended 31st March 2024







DIRECTORS: K Burgess
Mrs S Dickinson
C Dickinson





REGISTERED OFFICE: 1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR





REGISTERED NUMBER: 03894710 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

ACIDY LTD. (REGISTERED NUMBER: 03894710)

Balance Sheet
31st March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3 4,148
Tangible assets 5 76,941 18,186
76,944 22,334

CURRENT ASSETS
Debtors 6 18,572 126,951
Cash in hand 40 40
18,612 126,991
CREDITORS
Amounts falling due within one year 7 35,710 70,702
NET CURRENT (LIABILITIES)/ASSETS (17,098 ) 56,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,846

78,623

PROVISIONS FOR LIABILITIES 14,345 3,121
NET ASSETS 45,501 75,502

CAPITAL AND RESERVES
Called up share capital 8 750 750
Share premium 39,250 39,250
Retained earnings 5,501 35,502
SHAREHOLDERS' FUNDS 45,501 75,502

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

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

ACIDY LTD. (REGISTERED NUMBER: 03894710)

Balance Sheet - continued
31st March 2024


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 2nd September 2024 and were signed on its behalf by:





C Dickinson - Director


ACIDY LTD. (REGISTERED NUMBER: 03894710)

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


1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - at variable rates on reducing balance
Computer equipment - at variable rates 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 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.

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.

ACIDY LTD. (REGISTERED NUMBER: 03894710)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 41,451
AMORTISATION
At 1st April 2023 37,303
Charge for year 4,145
At 31st March 2024 41,448
NET BOOK VALUE
At 31st March 2024 3
At 31st March 2023 4,148

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2023 11,232 101,184 112,416
Additions - 69,746 69,746
At 31st March 2024 11,232 170,930 182,162
DEPRECIATION
At 1st April 2023 9,964 84,266 94,230
Charge for year 138 10,853 10,991
At 31st March 2024 10,102 95,119 105,221
NET BOOK VALUE
At 31st March 2024 1,130 75,811 76,941
At 31st March 2023 1,268 16,918 18,186

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 15,728 33,524
Amounts recoverable on contract - 65,850
Directors' current accounts - 24,819
Prepayments 2,844 2,758
18,572 126,951

ACIDY LTD. (REGISTERED NUMBER: 03894710)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 3,881 20,503
Tax 3,468 18,624
VAT 2,478 3,531
Other creditors 23,228 23,178
Directors' current accounts 3 -
Accrued expenses 2,652 4,866
35,710 70,702

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
750 Ordinary £1 750 750