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REGISTERED NUMBER: 06464763 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 January 2024

for

Acorn Carpentry and Building Limited

Acorn Carpentry and Building Limited (Registered number: 06464763)

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


Acorn Carpentry and Building Limited

Company Information
For The Year Ended 31 January 2024







DIRECTORS: T S Streeter
Mrs S J Streeter





SECRETARY: Mrs S J Streeter





REGISTERED OFFICE: Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN





REGISTERED NUMBER: 06464763 (England and Wales)





ACCOUNTANTS: Hunt Ford & Co
Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN

Acorn Carpentry and Building Limited (Registered number: 06464763)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,152 6,440
5,152 6,440

CURRENT ASSETS
Stocks 18,000 21,500
Debtors 6 69,831 66,112
Cash at bank 95 376
87,926 87,988
CREDITORS
Amounts falling due within one year 7 93,358 94,414
NET CURRENT LIABILITIES (5,432 ) (6,426 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(280

)

14

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (380 ) (86 )
SHAREHOLDERS' FUNDS (280 ) 14

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.

Acorn Carpentry and Building Limited (Registered number: 06464763)

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 17 October 2024 and were signed on its behalf by:





T S Streeter - Director


Acorn Carpentry and Building Limited (Registered number: 06464763)

Notes to the Financial Statements
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

Acorn Carpentry and Building 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Acorn Carpentry and Building Limited (Registered number: 06464763)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 9,000
AMORTISATION
At 1 February 2023
and 31 January 2024 9,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

Acorn Carpentry and Building Limited (Registered number: 06464763)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 16,526 1,545 647 18,718
DEPRECIATION
At 1 February 2023 10,296 1,379 603 12,278
Charge for year 1,246 33 9 1,288
At 31 January 2024 11,542 1,412 612 13,566
NET BOOK VALUE
At 31 January 2024 4,984 133 35 5,152
At 31 January 2023 6,230 166 44 6,440

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 4,079 57,182
Other debtors 13,898 -
Directors' current accounts 56,418 8,930
Prepayments and accrued income 4,934 -
Accruals (9,498 ) -
69,831 66,112

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade creditors 16,164 28,720
Tax 55,545 40,415
S455 CT Charge 13,898 -
Social security and other taxes - (126 )
VAT 7,751 8,652
Directors' current accounts - 16,753
93,358 94,414

Acorn Carpentry and Building Limited (Registered number: 06464763)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 February 2023 (86 )
Profit for the year 63,706
Dividends (64,000 )
At 31 January 2024 (380 )