Registered number
01927774
ACP (Consultancy Services) Limited
Filleted Accounts
31 March 2024
ACP (Consultancy Services) Limited
Registered number: 01927774
Balance Sheet
as at 31 March 2024
Restated
Notes 2024 2023
£ £
Fixed assets
Investments 3 45,580 234,966
Current assets
Debtors 4 151,734 261,742
Cash at bank and in hand 444,664 285,849
596,398 547,591
Creditors: amounts falling due within one year 6 (20,651) (34,849)
Net current assets 575,747 512,742
Net assets 621,327 747,708
Capital and reserves
Called up share capital 100 100
Profit and loss account 621,227 747,608
Shareholders' funds 621,327 747,708
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C R Photi
Director
Approved by the board on 5 September 2024
ACP (Consultancy Services) Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investments
Other
investments
£
Cost
At 1 April 2023 234,966
Revaluation 1,710
Disposals (191,096)
At 31 March 2024 45,580
Restated
4 Debtors 2024 2023
£ £
Other debtors 151,734 261,742
5 Investments held as current assets 2024 2023
£ £
Fair value
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 1,710 (37,025)
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 20,207 6,466
Other creditors 444 28,383
20,651 34,849
7 Other information
ACP (Consultancy Services) Limited is a private company limited by shares and incorporated in England. Its registered office is:
25 Southwell Park Road
Camberley
Surrey
GU15 3QG
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