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REGISTERED NUMBER: 07174194 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

ACS Plant & Machinery Sales Ltd

ACS Plant & Machinery Sales Ltd (Registered number: 07174194)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACS Plant & Machinery Sales Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Murphy
Ms C Boyd





REGISTERED OFFICE: Building 6000 Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA





REGISTERED NUMBER: 07174194 (England and Wales)





ACCOUNTANTS: AM-PM Accounting Solutions Limited
Building 6000
Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA

ACS Plant & Machinery Sales Ltd (Registered number: 07174194)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 177 307

CURRENT ASSETS
Stocks 168,000 220,250
Debtors 5 102,097 47,177
Cash at bank 21,769 26,498
291,866 293,925
CREDITORS
Amounts falling due within one year 6 222,437 228,173
NET CURRENT ASSETS 69,429 65,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,606

66,059

PROVISIONS FOR LIABILITIES 34 58
NET ASSETS 69,572 66,001

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 69,569 65,998
SHAREHOLDERS' FUNDS 69,572 66,001

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

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

ACS Plant & Machinery Sales Ltd (Registered number: 07174194)

Balance Sheet - continued
31 March 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 14 October 2024 and were signed on its behalf by:





Ms C Boyd - Director


ACS Plant & Machinery Sales Ltd (Registered number: 07174194)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

ACS Plant & Machinery Sales Ltd 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 represents the value of goods supplied in the period, net of value added tax and any discounts given.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ACS Plant & Machinery Sales Ltd (Registered number: 07174194)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 4,807
Disposals (2,793 )
At 31 March 2024 2,014
DEPRECIATION
At 1 April 2023 4,500
Charge for year 86
Eliminated on disposal (2,749 )
At 31 March 2024 1,837
NET BOOK VALUE
At 31 March 2024 177
At 31 March 2023 307

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 100,450 19,094
Other debtors 1,647 28,083
102,097 47,177

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 548 527
Taxation and social security 1,702 15,189
Other creditors 220,187 212,457
222,437 228,173

7. RELATED PARTY DISCLOSURES

During the year sales totalling £150,900 were raised to AJ & MJ Plant Sales Limited, a company under common control. There was nothing owed at 31/03/2024.

Included within other creditors is a loan balance totalling £44,156.52 (2023 £32,365.52) owed to Mr A Murphy, a director. This loan was not overdrawn in the year and was provided interest free and repayable on demand.

Included within other creditors is a loan balance totalling £175,035.57 (2023 £179,116.13) owed to Mrs C Boyd, a director. This loan was not overdrawn in the year and was provided interest free and repayable on demand.

ACS Plant & Machinery Sales Ltd (Registered number: 07174194)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.