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REGISTERED NUMBER: 03622898 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Acorn Works Limited

Acorn Works Limited (Registered number: 03622898)






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




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Acorn Works Limited (Registered number: 03622898)

Abridged Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,398 64,244

CURRENT ASSETS
Stocks 1,826 16,483
Debtors 42,525 136,111
Cash at bank 107,162 191,044
151,513 343,638
CREDITORS
Amounts falling due within one year 62,647 110,391
NET CURRENT ASSETS 88,866 233,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,264

297,491

CREDITORS
Amounts falling due after more than one
year

(23,384

)

(80,404

)

PROVISIONS FOR LIABILITIES (11,475 ) (15,026 )
NET ASSETS 103,405 202,061

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 52 52
Retained earnings 103,253 201,909
SHAREHOLDERS' FUNDS 103,405 202,061

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Works Limited (Registered number: 03622898)

Abridged Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 October 2024 and were signed on its behalf by:





Mr S B Tomlin - Director


Acorn Works Limited (Registered number: 03622898)

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

1. STATUTORY INFORMATION

Acorn Works Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03622898

Registered office: 37 Turbine Way
EcoTech Innovation Business Park
Swaffham
Norfolk
PE37 7XD

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost
Office equipment - 25% 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 4 ) .

Acorn Works Limited (Registered number: 03622898)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 120,281
DEPRECIATION
At 1 June 2023 56,037
Charge for year 14,846
At 31 May 2024 70,883
NET BOOK VALUE
At 31 May 2024 49,398
At 31 May 2023 64,244