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REGISTERED NUMBER: 03372284 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ACLAND BRACEWELL SURVEYORS LIMITED

ACLAND BRACEWELL SURVEYORS LIMITED (REGISTERED NUMBER: 03372284)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACLAND BRACEWELL SURVEYORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs S L Rawlinson
R J Rawlinson





REGISTERED OFFICE: The Barrons
Church Road
Tarleton
Preston
Lancashire
PR4 6UP





REGISTERED NUMBER: 03372284 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

ACLAND BRACEWELL SURVEYORS LIMITED (REGISTERED NUMBER: 03372284)

BALANCE SHEET
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,540 28,687
Tangible assets 5 138,145 148,285
160,685 176,972

CURRENT ASSETS
Stocks 9,976 -
Debtors 6 865,765 978,503
Cash at bank and in hand 148,030 95,568
1,023,771 1,074,071
CREDITORS
Amounts falling due within one year 7 160,853 201,911
NET CURRENT ASSETS 862,918 872,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,023,603

1,049,132

CREDITORS
Amounts falling due after more than one
year

8

(70,859

)

(101,469

)

PROVISIONS FOR LIABILITIES (21,319 ) (17,460 )
NET ASSETS 931,425 930,203

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 931,423 930,201
SHAREHOLDERS' FUNDS 931,425 930,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

ACLAND BRACEWELL SURVEYORS LIMITED (REGISTERED NUMBER: 03372284)

BALANCE SHEET - continued
31 JANUARY 2024


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 5 September 2024 and were signed on its behalf by:




Mrs S L Rawlinson - Director



R J Rawlinson - Director


ACLAND BRACEWELL SURVEYORS LIMITED (REGISTERED NUMBER: 03372284)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Acland Bracewell Surveyors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised at 15% straight line.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life

Fixtures and fittings20% reducing balance
Motor vehicles15% 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.


ACLAND BRACEWELL SURVEYORS LIMITED (REGISTERED NUMBER: 03372284)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued
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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Consolidation
The parent company and its subsidiary undertakings comprise a small group under s383 of the Companies Act 2006. The company has therefore taken advantage of the exemption not to prepare group accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 40,981
AMORTISATION
At 1 February 2023 12,294
Charge for year 6,147
At 31 January 2024 18,441
NET BOOK VALUE
At 31 January 2024 22,540
At 31 January 2023 28,687

ACLAND BRACEWELL SURVEYORS LIMITED (REGISTERED NUMBER: 03372284)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2023 55,713 168,458 224,171
Additions 20,010 - 20,010
At 31 January 2024 75,723 168,458 244,181
DEPRECIATION
At 1 February 2023 30,170 45,716 75,886
Charge for year 10,092 20,058 30,150
At 31 January 2024 40,262 65,774 106,036
NET BOOK VALUE
At 31 January 2024 35,461 102,684 138,145
At 31 January 2023 25,543 122,742 148,285

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 6,306 12,356
Amounts owed by group undertakings 840,254 944,935
Amounts recoverable on contract 2,000 -
VAT 2,890 6,899
Prepayments 14,315 14,313
865,765 978,503

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 10,162 9,911
Hire purchase contracts (see note 9) 20,448 20,448
Trade creditors 4,627 12,996
Tax 46,374 100,567
Social security and other taxes 2,336 2,095
Accrued expenses 76,906 55,894
160,853 201,911

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans - 1-2 years 10,419 10,162
Bank loans - 2-5 years 3,531 13,950
Hire purchase contracts (see note 9) 56,909 77,357
70,859 101,469

ACLAND BRACEWELL SURVEYORS LIMITED (REGISTERED NUMBER: 03372284)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31/1/24 31/1/23
£    £   
Net obligations repayable:
Within one year 20,448 20,448
Between one and five years 56,909 77,357
77,357 97,805

10. RELATED PARTY DISCLOSURES

During the year, management charges of £96,000 (2023: £96,000) were paid to ABS Holding Group Ltd. Included in trade debtors is an amount of £840,254 (2023: £944,935) due from ABS Holding Group Ltd.