Acorn Engineering Consultancy Limited 11151969 false 2023-04-01 2024-03-30 2024-03-30 The principal activity of the company is the provision of engineering consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true 11151969 2023-04-01 2024-03-30 11151969 2024-03-30 11151969 bus:OrdinaryShareClass1 2024-03-30 11151969 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-30 11151969 core:FurnitureFittingsToolsEquipment 2024-03-30 11151969 bus:SmallEntities 2023-04-01 2024-03-30 11151969 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-30 11151969 bus:FilletedAccounts 2023-04-01 2024-03-30 11151969 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-30 11151969 bus:RegisteredOffice 2023-04-01 2024-03-30 11151969 bus:Director1 2023-04-01 2024-03-30 11151969 bus:OrdinaryShareClass1 2023-04-01 2024-03-30 11151969 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-30 11151969 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-30 11151969 core:OfficeEquipment 2023-04-01 2024-03-30 11151969 countries:EnglandWales 2023-04-01 2024-03-30 11151969 2023-03-31 11151969 core:FurnitureFittingsToolsEquipment 2023-03-31 11151969 2022-04-01 2023-03-31 11151969 2023-03-31 11151969 bus:OrdinaryShareClass1 2023-03-31 11151969 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11151969 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11151969

Acorn Engineering Consultancy Limited

Unaudited Filleted Financial Statements

for the Period from 1 April 2023 to 30 March 2024

 

Acorn Engineering Consultancy Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Acorn Engineering Consultancy Limited

(Registration number: 11151969)
Balance Sheet as at 30 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

395

527

Current assets

 

Cash at bank and in hand

 

81

125

Creditors: Amounts falling due within one year

5

(8,555)

(6,671)

Net current liabilities

 

(8,474)

(6,546)

Net liabilities

 

(8,079)

(6,019)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(8,080)

(6,020)

Shareholders' deficit

 

(8,079)

(6,019)

For the financial period ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 November 2024
 

.........................................
Mr R A Mitchell
Director

 

Acorn Engineering Consultancy Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lodge House
Lodge Square
Cow Lane
Burnley
Lancashire
BB11 1NN

These financial statements were authorised for issue by the director on 7 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Acorn Engineering Consultancy Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

25% per annum reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

 

Acorn Engineering Consultancy Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 March 2024

4

Tangible assets

Equipment
 £

Total
£

Cost

At 1 April 2023

1,590

1,590

At 30 March 2024

1,590

1,590

Depreciation

At 1 April 2023

1,063

1,063

Charge for the period

132

132

At 30 March 2024

1,195

1,195

Carrying amount

At 30 March 2024

395

395

At 31 March 2023

527

527

5

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

5,140

3,858

Taxation and social security

 

3,415

2,813

 

8,555

6,671

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1