1 August 2023 false No description of principal activity Taxfiler 2024.5 04455315business:PrivateLimitedCompanyLtd2023-08-012024-07-31 044553152023-07-31 044553152023-08-012024-07-31 04455315business:AuditExemptWithAccountantsReport2023-08-012024-07-31 04455315business:FilletedAccounts2023-08-012024-07-31 044553152024-07-31 04455315business:Director12023-08-012024-07-31 04455315business:CompanySecretary12023-08-012024-07-31 04455315business:RegisteredOffice2023-08-012024-07-31 044553152023-07-31 04455315core:WithinOneYear2024-07-31 04455315core:WithinOneYear2023-07-31 04455315core:AfterOneYear2024-07-31 04455315core:AfterOneYear2023-07-31 04455315core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 04455315core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 04455315core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 04455315core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 04455315core:PreviouslyStatedAmount2024-07-31 04455315core:PreviouslyStatedAmount2023-07-31 04455315business:SmallEntities2023-08-012024-07-31 04455315countries:EnglandWales2023-08-012024-07-31 04455315core:PlantMachinery2023-08-012024-07-31 04455315core:MotorVehicles2023-08-012024-07-31 04455315core:FurnitureFittings2023-08-012024-07-31 04455315core:ComputerEquipment2023-08-012024-07-31 04455315core:PlantMachinery2023-07-31 04455315core:MotorVehicles2023-07-31 04455315core:FurnitureFittings2023-07-31 04455315core:ComputerEquipment2023-07-31 04455315core:PlantMachinery2024-07-31 04455315core:MotorVehicles2024-07-31 04455315core:FurnitureFittings2024-07-31 04455315core:ComputerEquipment2024-07-31 04455315business:OrdinaryShareClass12023-08-012024-07-31 04455315business:OrdinaryShareClass12022-08-012023-07-31 044553152022-08-012023-07-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
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ACORN TARGET SYSTEMS LTD Company Information for the year ended 31 July 2024
Director
Mr M Bretton
Secretary
Mrs D Bretton
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
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ACORN TARGET SYSTEMS LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,591 
9,489 
Current assets
Inventories
42,732 
50,243 
Debtors
6,041 
22,111 
Cash at bank and in hand
277 
- 
49,050 
72,354 
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)
Net assets
19,182 
40,288 
Capital and reserves
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
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ACORN TARGET SYSTEMS LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
511 
- 
Trade debtors
5,530 
22,111 
6,041 
22,111 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
4,074 
VAT
- 
332 
Trade creditors
11,254 
14,141 
Loans from directors
11,196 
- 
Accruals
635 
865 
23,085 
19,412 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,374 
22,143 
8
Share capital
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).
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