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REGISTERED NUMBER: 12712056 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Acantha Group Limited

Acantha Group Limited (Registered number: 12712056)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Acantha Group Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: L.B. Ker
Mrs E Ker





REGISTERED OFFICE: Knolls Lodge
Plantation Road
Leighton Buzzard
United Kingdom
LU7 3JB





REGISTERED NUMBER: 12712056 (England and Wales)





ACCOUNTANTS: Pace Accountants
Noble House
Eaton Road
Hemel Hempstead
Hertfordshire
HP2 7UB

Acantha Group Limited (Registered number: 12712056)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,984 25,312

CURRENT ASSETS
Stocks 37,847 61,435
Debtors 5 23,535 25,963
Cash at bank 4,903 12,990
66,285 100,388
CREDITORS
Amounts falling due within one year 6 43,354 63,651
NET CURRENT ASSETS 22,931 36,737
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,915

62,049

CREDITORS
Amounts falling due after more than one
year

7

(4,485

)

(9,866

)

PROVISIONS FOR LIABILITIES (4,746 ) (82 )
NET ASSETS 32,684 52,101

CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings 32,673 52,090
32,684 52,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Acantha Group Limited (Registered number: 12712056)

Balance Sheet - continued
31 December 2023


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 20 September 2024 and were signed on its behalf by:





Mrs E Ker - Director


Acantha Group Limited (Registered number: 12712056)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Acantha Group 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

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Acantha Group Limited (Registered number: 12712056)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 9,727 18,995 1,175 29,897
DEPRECIATION
At 1 January 2023 2,294 1,979 312 4,585
Charge for year 1,859 4,254 215 6,328
At 31 December 2023 4,153 6,233 527 10,913
NET BOOK VALUE
At 31 December 2023 5,574 12,762 648 18,984
At 31 December 2022 7,433 17,016 863 25,312

Acantha Group Limited (Registered number: 12712056)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 18,995
DEPRECIATION
At 1 January 2023 1,979
Charge for year 4,254
At 31 December 2023 6,233
NET BOOK VALUE
At 31 December 2023 12,762
At 31 December 2022 17,016

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 9,428 968
Other debtors 14,107 24,995
23,535 25,963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 5,382 5,382
Trade creditors 16,514 41,919
Taxation and social security 8,072 9,062
Other creditors 13,386 7,288
43,354 63,651

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 4,485 9,866

Acantha Group Limited (Registered number: 12712056)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2023 and the period ended 31 December 2022:

31.12.23 31.12.22
£    £   
L.B. Ker and Mrs E Ker
Balance outstanding at start of year 835 -
Amounts advanced 38,562 835
Amounts repaid (39,397 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 835

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £67,500 were paid to the directors .