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REGISTERED NUMBER: 04940971 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Acorn Fostering Services Limited

Acorn Fostering Services Limited (Registered number: 04940971)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Acorn Fostering Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S Ahmad
Mrs A Rizvi





REGISTERED OFFICE: Acorn Conference Centre
78-80 Burleys Way
Leicester
LE1 3BD





REGISTERED NUMBER: 04940971 (England and Wales)





ACCOUNTANTS: Celerica Ltd
Accountants
First Floor
The Old Chapel
9 Kempson Road
Leicester
LE2 8AN

Acorn Fostering Services Limited (Registered number: 04940971)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 29,280 33,420
29,280 33,420

CURRENT ASSETS
Debtors 6 116,372 86,696
Cash at bank and in hand 47,273 81,530
163,645 168,226
CREDITORS
Amounts falling due within one year 7 40,850 67,054
NET CURRENT ASSETS 122,795 101,172
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,075

134,592

CREDITORS
Amounts falling due after more than one
year

8

(5,683

)

(10,357

)

PROVISIONS FOR LIABILITIES (1,211 ) (1,583 )
NET ASSETS 145,181 122,652

CAPITAL AND RESERVES
Called up share capital 10 100 100
Capital redemption reserve 50 50
Retained earnings 145,031 122,502
SHAREHOLDERS' FUNDS 145,181 122,652

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.

Acorn Fostering Services Limited (Registered number: 04940971)

Balance Sheet - continued
31 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 3 September 2024 and were signed on its behalf by:





S Ahmad - Director


Acorn Fostering Services Limited (Registered number: 04940971)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Acorn Fostering Services 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.

2. ACCOUNTING POLICIES

General information and basis of preparation
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.

The nature of the company's operations and principle activities are that of the provision of fostering services.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents net invoiced fostering placement and student placement charges, excluding value added tax.

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.

Computer database is being amortised evenly over its estimated useful life of nil years.

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
Furniture, fixtures and fittings - 15% on reducing balance
Computer and office equipment - 33% on cost

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.

Acorn Fostering Services Limited (Registered number: 04940971)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Intangible fixed assets
Intangible fixed assets (including purchased bespoke software) acquired separately from a business are capitalised at cost. They are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives of three years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 98,059
AMORTISATION
At 1 April 2023
and 31 March 2024 98,059
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Acorn Fostering Services Limited (Registered number: 04940971)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Furniture, Computer
Improvements fixtures and
to and office
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 30,000 18,549 21,591 70,140
Additions - - 1,398 1,398
Disposals - - (4,071 ) (4,071 )
At 31 March 2024 30,000 18,549 18,918 67,467
DEPRECIATION
At 1 April 2023 5,200 15,874 15,646 36,720
Charge for year 600 400 4,538 5,538
Eliminated on disposal - - (4,071 ) (4,071 )
At 31 March 2024 5,800 16,274 16,113 38,187
NET BOOK VALUE
At 31 March 2024 24,200 2,275 2,805 29,280
At 31 March 2023 24,800 2,675 5,945 33,420

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 113,184 81,521
Other debtors 3,188 5,175
116,372 86,696

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,816 4,840
Trade creditors 9,594 12,312
Taxation and social security 23,127 23,744
Other creditors 3,313 26,158
40,850 67,054

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 5,683 10,357

Acorn Fostering Services Limited (Registered number: 04940971)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 10,499 15,197

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Acorn Fostering Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Acorn Fostering Services Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Acorn Fostering Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Acorn Fostering Services Limited and state those matters that we have agreed to state to the Board of Directors of Acorn Fostering Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Acorn Fostering Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Acorn Fostering Services Limited. You consider that Acorn Fostering Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Acorn Fostering Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Celerica Ltd
Accountants
First Floor
The Old Chapel
9 Kempson Road
Leicester
LE2 8AN


3 September 2024