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Company Registration No. 12422135 (England and Wales)
ACORN 21 LIMITED Unaudited accounts for the year ended 31 January 2024
ACORN 21 LIMITED Unaudited accounts Contents
Page
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ACORN 21 LIMITED Company Information for the year ended 31 January 2024
Directors
Robert Amato James Gingell Robert Ian Templeton ACA FCA BA (Com) Alan Ritchie
Company Number
12422135 (England and Wales)
Registered Office
Swallows Ridge Hollies Lane Wilmslow SK9 2BW
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ACORN 21 LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,176 
10,352 
Tangible assets
39,875 
13,390 
45,051 
23,742 
Current assets
Inventories
16,700 
12,506 
Debtors
12,118 
5,048 
Cash at bank and in hand
65,901 
61,653 
94,719 
79,207 
Creditors: amounts falling due within one year
(195,207)
(188,691)
Net current liabilities
(100,488)
(109,484)
Total assets less current liabilities
(55,437)
(85,742)
Creditors: amounts falling due after more than one year
(14,167)
(24,167)
Provisions for liabilities
Deferred tax
(4,944)
(578)
Net liabilities
(74,548)
(110,487)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(74,648)
(110,587)
Shareholders' funds
(74,548)
(110,487)
For the year ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 10 June 2024 and were signed on its behalf by
Robert Ian Templeton ACA FCA BA (Com) Director Company Registration No. 12422135
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ACORN 21 LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
ACORN 21 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12422135. The registered office is Swallows Ridge, Hollies Lane , Wilmslow, SK9 2BW.
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:
Fixtures & fittings
5 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. The directors believe the value of the restaurant to be in the region of £200,000 but have not recognised this gain.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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ACORN 21 LIMITED Notes to the Accounts for the year ended 31 January 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
25,714 
At 31 January 2024
25,714 
Amortisation
At 1 February 2023
15,362 
Charge for the year
5,176 
At 31 January 2024
20,538 
Net book value
At 31 January 2024
5,176 
At 31 January 2023
10,352 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2023
31,466 
Additions
33,522 
At 31 January 2024
64,988 
Depreciation
At 1 February 2023
18,076 
Charge for the year
7,037 
At 31 January 2024
25,113 
Net book value
At 31 January 2024
39,875 
At 31 January 2023
13,390 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
6,784 
- 
Accrued income and prepayments
4,635 
4,553 
Other debtors
699 
495 
12,118 
5,048 
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ACORN 21 LIMITED Notes to the Accounts for the year ended 31 January 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
39,694 
35,202 
Trade creditors
31,873 
13,005 
Amounts owed to group undertakings and other participating interests
95,420 
102,615 
Taxes and social security
6,824 
4,021 
Other creditors
2,374 
1,726 
Loans from directors
314 
13,414 
Accruals
8,708 
8,708 
195,207 
188,691 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,167 
24,167 
9
Transactions with related parties
At the year end Acorn 21 Limited owed £55,420 (2023: £102,615) to Acorn 20 Limited and was owed £6,784 (2023: £NIL by Acorn 22 Holdings Limited. Acorn 20 Limited and Acorn 21 Limited are subsidiaries of Acorn 22 Holdings Limited.
10
Average number of employees
During the year the average number of employees was 27 (2023: 31).
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