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Company registration number: 10226280
Acumen Investment Solutions Limited
Unaudited filleted financial statements
31 March 2024
Acumen Investment Solutions Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Acumen Investment Solutions Limited
Directors and other information
Directors Mr Andrew Ferguson
Mr Andrew Giddings
Mr Kelvyn Hatch
Company number 10226280
Registered office Rock House
Mill Lane
Hambrook
BS16 1SA
Business address Rock House
Mill Lane
Hambrook
BS16 1SA
Accountants Hill Allen (Wickford) Limited
Office 1 Riverside Court
24 Lower Southend Road
Wickford
SS11 8AW
Bankers Metro Bank PLC
One Southampton Row
London
WC1B 5HA
Acumen Investment Solutions Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 4 2,071 12,939
Cash at bank and in hand 26,747 12,628
_______ _______
28,818 25,567
Creditors: amounts falling due
within one year 5 ( 30,739) ( 27,780)
_______ _______
Net current liabilities ( 1,921) ( 2,213)
_______ _______
Total assets less current liabilities ( 1,921) ( 2,213)
_______ _______
Net liabilities ( 1,921) ( 2,213)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 2,021) ( 2,313)
_______ _______
Shareholders deficit ( 1,921) ( 2,213)
_______ _______
For the year ending 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:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 04 November 2024 , and are signed on behalf of the board by:
Mr Andrew Giddings
Director
Company registration number: 10226280
Acumen Investment Solutions Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Rock House, Mill Lane, Hambrook, BS16 1SA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
4. Debtors
2024 2023
£ £
Trade debtors 319 12,939
Other debtors 1,752 -
_______ _______
2,071 12,939
_______ _______
5. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 25,717 22,812
Other creditors 5,022 4,968
_______ _______
30,739 27,780
_______ _______
6. Controlling party
The directors A Ferguson , A Giddings and K Hatch are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.