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Registered Number: 10703663
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 March 2024

for

ACUMEN FINANCE & PROJECT MANAGEMENT SERVICES LIMITED

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Acumen Finance & Project Management Services Limited for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes 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 http://rulebook.accaglobal.com/ .

This report is made solely to the Board of Directors of Acumen Finance & Project Management Services 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 Acumen Finance & Project Management Services Limited and state those matters that we have agreed to state to the Board of Directors of Acumen Finance & Project Management Services 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/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Acumen Finance & Project Management Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Acumen Finance & Project Management Services 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 profit of Acumen Finance & Project Management Services Limited. You consider that Acumen Finance & Project Management Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Acumen Finance & Project Management Services 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 ended 31 March 2024.


Campbell Accountancy Limited - Chartered Certified Accountants
Old Chapel
The Green
Lower Boddington
Northamptonshire
NN11 6YE
22 October 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 979    1,417 
979    1,417 
Current assets      
Debtors 18    18,083 
Cash at bank and in hand 34,617    67,486 
34,635    85,569 
Creditors: amount falling due within one year (7,706)   (28,813)
Net current assets 26,929    56,756 
 
Total assets less current liabilities 27,908    58,173 
Net assets 27,908    58,173 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 27,808    58,073 
Shareholders' funds 27,908    58,173 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 22 October 2024 and were signed on its behalf by:


-------------------------------
Tom Polkey
Director
2
General Information
Acumen Finance & Project Management Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10703663, registration address 68 Station Road, Wallingford, Oxfordshire, OX10 0JZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc 3
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 April 2023 4,300    4,300 
Additions  
Disposals  
At 31 March 2024 4,300    4,300 
Depreciation
At 01 April 2023 2,883    2,883 
Charge for year 438    438 
On disposals  
At 31 March 2024 3,321    3,321 
Net book values
Closing balance as at 31 March 2024 979    979 
Opening balance as at 01 April 2023 1,417    1,417 


3