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Company Registration No. 12422165 (England and Wales)
ACORN 20 LIMITED Unaudited accounts for the year ended 31 January 2024
ACORN 20 LIMITED Unaudited accounts Contents
Page
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ACORN 20 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
12422165 (England and Wales)
Registered Office
Swallows Ridge Hollies Lane Wilmslow SK8 2BW
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ACORN 20 LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,798 
11,597 
Tangible assets
34,641 
14,578 
40,439 
26,175 
Current assets
Inventories
11,535 
8,716 
Debtors
114,078 
123,008 
Cash at bank and in hand
71,065 
50,919 
196,678 
182,643 
Creditors: amounts falling due within one year
(98,623)
(100,864)
Net current assets
98,055 
81,779 
Total assets less current liabilities
138,494 
107,954 
Creditors: amounts falling due after more than one year
(8,103)
(18,103)
Provisions for liabilities
Deferred tax
(3,630)
(536)
Net assets
126,761 
89,315 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
126,661 
89,215 
Shareholders' funds
126,761 
89,315 
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. 12422165
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ACORN 20 LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
ACORN 20 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12422165. The registered office is Swallows Ridge, Hollies Lane, Wilmslow, SK8 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.
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. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 20 LIMITED Notes to the Accounts for the year ended 31 January 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
28,828 
At 31 January 2024
28,828 
Amortisation
At 1 February 2023
17,231 
Charge for the year
5,799 
At 31 January 2024
23,030 
Net book value
At 31 January 2024
5,798 
At 31 January 2023
11,597 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2023
32,667 
Additions
30,512 
At 31 January 2024
63,179 
Depreciation
At 1 February 2023
18,089 
Charge for the year
10,449 
At 31 January 2024
28,538 
Net book value
At 31 January 2024
34,641 
At 31 January 2023
14,578 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
95,420 
104,014 
Accrued income and prepayments
10,133 
10,469 
Other debtors
8,525 
8,525 
114,078 
123,008 
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ACORN 20 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
38,365 
38,095 
Trade creditors
21,279 
13,490 
Amounts owed to group undertakings and other participating interests
5,466 
- 
Taxes and social security
7,229 
6,375 
Other creditors
1,338 
1,689 
Loans from directors
8,891 
25,160 
Accruals
6,055 
6,055 
98,623 
100,864 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,103 
18,103 
9
Transactions with related parties
At the year end Acorn 20 Limited owed £5,466 to Acorn 22 Holdings Limited (2023: was owed by £1,399) and was owed £55,420 (2023: £102,615 ) by Acorn 21 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 22 (2023: 23).
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