2023-01-012023-12-312023-12-31false13707762ACG FINANCIAL CONSULTING 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ACG FINANCIAL CONSULTING LIMITED

Registered Number
13707762
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

ACG FINANCIAL CONSULTING LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

GIBLIN, Aaron Joseph

Registered Address

26 Water Lane
London
E15 4NL

Registered Number

13707762 (England and Wales)
ACG FINANCIAL CONSULTING LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3494740
494740
Current assets
Debtors4153,13677,027
Cash at bank and on hand8,7952,919
161,93179,946
Creditors amounts falling due within one year5(54,583)(9,174)
Net current assets (liabilities)107,34870,772
Total assets less current liabilities107,84271,512
Net assets107,84271,512
Capital and reserves
Called up share capital11
Profit and loss account107,84171,511
Shareholders' funds107,84271,512
The financial statements were approved and authorised for issue by the Director on 25 September 2024, and are signed on its behalf by:
GIBLIN, Aaron Joseph
Director
Registered Company No. 13707762
ACG FINANCIAL CONSULTING LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 23987987
At 31 December 23987987
Depreciation and impairment
At 01 January 23247247
Charge for year246246
At 31 December 23493493
Net book value
At 31 December 23494494
At 31 December 22740740
4.Debtors: amounts due within one year

2023

2022

££
Amounts owed by group undertakings153,13677,027
Total153,13677,027
At the year-end, the company owed to group undertakings. These balances arise from payments made between group companies to settle shared expenses, such as administrative costs.
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables4,633-
Taxation and social security49,6379,174
Other creditors313-
Total54,5839,174
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Further information regarding the company's financial position
ACG Financial Consulting Ltd owns 100% shares in GC Property Holdings Limited during the year. GC Property Holdings Limited is a subsidiary of ACG Financial Consulting Ltd and is within 75% group structure.