ACL Projects Limited 13618318 false 2022-10-01 2023-09-29 2023-09-29 The principal activity of the company is Joinery installation Digita Accounts Production Advanced 6.30.9574.0 true true 13618318 2022-10-01 2023-09-29 13618318 2023-09-29 13618318 bus:OrdinaryShareClass1 2023-09-29 13618318 core:CurrentFinancialInstruments 2023-09-29 13618318 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-29 13618318 core:FurnitureFittingsToolsEquipment 2023-09-29 13618318 core:MotorVehicles 2023-09-29 13618318 bus:SmallEntities 2022-10-01 2023-09-29 13618318 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-29 13618318 bus:FilletedAccounts 2022-10-01 2023-09-29 13618318 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-29 13618318 bus:RegisteredOffice 2022-10-01 2023-09-29 13618318 bus:CompanySecretary1 2022-10-01 2023-09-29 13618318 bus:Director1 2022-10-01 2023-09-29 13618318 bus:OrdinaryShareClass1 2022-10-01 2023-09-29 13618318 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-29 13618318 bus:Agent1 2022-10-01 2023-09-29 13618318 core:FurnitureFittingsToolsEquipment 2022-10-01 2023-09-29 13618318 core:MotorVehicles 2022-10-01 2023-09-29 13618318 core:OfficeEquipment 2022-10-01 2023-09-29 13618318 core:Vehicles 2022-10-01 2023-09-29 13618318 countries:AllCountries 2022-10-01 2023-09-29 13618318 2022-09-30 13618318 core:FurnitureFittingsToolsEquipment 2022-09-30 13618318 core:MotorVehicles 2022-09-30 13618318 2022-05-01 2022-09-30 13618318 2022-09-30 13618318 bus:OrdinaryShareClass1 2022-09-30 13618318 core:CurrentFinancialInstruments 2022-09-30 13618318 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 13618318 core:FurnitureFittingsToolsEquipment 2022-09-30 13618318 core:MotorVehicles 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13618318

ACL Projects Limited

Unaudited Filleted Financial Statements

for the Period from 1 October 2022 to 29 September 2023

 

ACL Projects Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

6 to 11

 

ACL Projects Limited

Company Information

Director

Andrew Lenehan

Company secretary

Cordula Lenehan.

Registered office

61a Gathurst Road
Shevington
WN6 8HW

Accountants

McGinty Demack
chartered certified
Vermont House
Bradley Lane
Standish
Lancashire
WN6 0XF

 

ACL Projects Limited

Director's Report for the Period from 1 October 2022 to 29 September 2023

The director presents his report and the financial statements for the period from 1 October 2022 to 29 September 2023.

Director of the company

The director who held office during the period was as follows:

Andrew Lenehan

Principal activity

The principal activity of the company is Joinery installation

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 23 September 2024
 

.........................................
Andrew Lenehan
Director

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
ACL Projects Limited
for the Period Ended 29 September 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ACL Projects Limited for the period ended 29 September 2023 as set out on pages 4 to 11 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 https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of ACL Projects Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of ACL Projects Limited and state those matters that we have agreed to state to the Board of Directors of ACL Projects 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/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ACL Projects Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that ACL Projects Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of ACL Projects Limited. You consider that ACL Projects Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of ACL Projects 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 accounts.

......................................

McGinty Demack
chartered certified
Vermont House
Bradley Lane
Standish
Lancashire
WN6 0XF

23 September 2024

 

ACL Projects Limited

(Registration number: 13618318)
Balance Sheet as at 29 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

54,004

25,959

Current assets

 

Stocks

5

20,000

-

Debtors

6

46,461

56,657

Cash at bank and in hand

 

14,848

10,748

 

81,309

67,405

Creditors: Amounts falling due within one year

7

(228,343)

(91,773)

Net current liabilities

 

(147,034)

(24,368)

Net (liabilities)/assets

 

(93,030)

1,591

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

(93,031)

1,590

Shareholders' (deficit)/funds

 

(93,030)

1,591

For the financial period ending 29 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 September 2024
 

 

ACL Projects Limited

(Registration number: 13618318)
Balance Sheet as at 29 September 2023

.........................................
Andrew Lenehan
Director

 

ACL Projects Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 29 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
61a Gathurst Road
Shevington
WN6 8HW

These financial statements were authorised for issue by the director on 23 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

ACL Projects Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 29 September 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

ACL Projects Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 29 September 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2 (2022 - 2).

 

ACL Projects Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 29 September 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2022

1,649

32,962

34,611

Additions

-

46,048

46,048

At 29 September 2023

1,649

79,010

80,659

Depreciation

At 1 October 2022

412

8,240

8,652

Charge for the period

310

17,693

18,003

At 29 September 2023

722

25,933

26,655

Carrying amount

At 29 September 2023

927

53,077

54,004

At 30 September 2022

1,237

24,722

25,959

5

Stocks

2023
£

2022
£

Work in progress

20,000

-

6

Debtors

Current

2023
£

2022
£

Trade debtors

46,461

56,657

 

46,461

56,657

7

Creditors

Creditors: amounts falling due within one year

 

ACL Projects Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 29 September 2023

2023
£

2022
£

Due within one year

Trade creditors

22,119

13,106

Taxation and social security

16,601

26,452

Accruals and deferred income

2,216

966

Other creditors

187,407

51,249

228,343

91,773

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

ordinary of £1 each

1

1

1

1

       

9

Related party transactions

 

ACL Projects Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 29 September 2023

Director's remuneration

The director's remuneration for the period was as follows:

2023
£

2022
£

Remuneration

48,203

8,333