Company Registration No. 04455315 (England and Wales)
ACORN TARGET SYSTEMS LTD
Unaudited accounts
for the year ended 31 July 2024
ACORN TARGET SYSTEMS LTD
Unaudited accounts
Contents
ACORN TARGET SYSTEMS LTD
Company Information
for the year ended 31 July 2024
Company Number
04455315 (England and Wales)
Registered Office
UNIT 32 WOLESLEY BUSINESS PARK MOBBS WAY
OULTON
LOWESTOFT
NR32 3FA
ENGLAND
Accountants
P Lacey & Associates Ltd
Office 17
2 Regent House
Lowestoft
NR32 1PA
ACORN TARGET SYSTEMS LTD
Statement of financial position
as at 31 July 2024
Tangible assets
7,591
9,489
Cash at bank and in hand
277
-
Creditors: amounts falling due within one year
(23,085)
(19,412)
Net current assets
25,965
52,942
Total assets less current liabilities
33,556
62,431
Creditors: amounts falling due after more than one year
(14,374)
(22,143)
Called up share capital
1,000
1,000
Profit and loss account
18,182
39,288
Shareholders' funds
19,182
40,288
For the year ending 31 July 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 September 2024 and were signed on its behalf by
Mr M Bretton
Director
Company Registration No. 04455315
ACORN TARGET SYSTEMS LTD
Notes to the Accounts
for the year ended 31 July 2024
ACORN TARGET SYSTEMS LTD is a private company, limited by shares, registered in England and Wales, registration number 04455315. The registered office is UNIT 32 WOLESLEY BUSINESS PARK MOBBS WAY, OULTON, LOWESTOFT, NR32 3FA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
ACORN TARGET SYSTEMS LTD
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2023
23,266
10,140
11,415
2,050
46,871
At 31 July 2024
23,266
10,140
11,415
2,050
46,871
At 1 August 2023
18,328
8,898
9,624
532
37,382
Charge for the year
988
248
358
304
1,898
At 31 July 2024
19,316
9,146
9,982
836
39,280
At 31 July 2024
3,950
994
1,433
1,214
7,591
At 31 July 2023
4,938
1,242
1,791
1,518
9,489
Amounts falling due within one year
Trade debtors
5,530
22,111
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
4,074
Trade creditors
11,254
14,141
Loans from directors
11,196
-
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Average number of employees
During the year the average number of employees was 3 (2023: 4).