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REGISTERED NUMBER: 08909214 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ACRES SIGNS & GRAPHICS LIMITED

ACRES SIGNS & GRAPHICS LIMITED (REGISTERED NUMBER: 08909214)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


ACRES SIGNS & GRAPHICS LIMITED (REGISTERED NUMBER: 08909214)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 457,563 469,955
457,563 469,955

CURRENT ASSETS
Stocks 27,500 26,000
Debtors 6 55,150 55,894
Cash at bank and in hand 7,703 38,611
90,353 120,505
CREDITORS
Amounts falling due within one year 7 73,541 93,508
NET CURRENT ASSETS 16,812 26,997
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,375

496,952

CREDITORS
Amounts falling due after more than one
year

8

126,045

162,887
NET ASSETS 348,330 334,065

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 145,847 145,847
Retained earnings 202,383 188,118
348,330 334,065

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.

ACRES SIGNS & GRAPHICS LIMITED (REGISTERED NUMBER: 08909214)

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 26 September 2024 and were signed on its behalf by:





M Acres - Director


ACRES SIGNS & GRAPHICS LIMITED (REGISTERED NUMBER: 08909214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Acres Signs & Graphics 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: 08909214

Registered office: Unit 1 North Leys
Ashbourne
Derbyshire
DE6 1DQ

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 0, is being amortised evenly over its estimated useful life of nil 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.
Land and buildings - not provided
Plant and machinery etc - 15% on reducing balance

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.


ACRES SIGNS & GRAPHICS LIMITED (REGISTERED NUMBER: 08909214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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.

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 12,000
AMORTISATION
At 1 April 2023
and 31 March 2024 12,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

ACRES SIGNS & GRAPHICS LIMITED (REGISTERED NUMBER: 08909214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 368,618 174,287 542,905
Additions - 3,307 3,307
At 31 March 2024 368,618 177,594 546,212
DEPRECIATION
At 1 April 2023 - 72,950 72,950
Charge for year - 15,699 15,699
At 31 March 2024 - 88,649 88,649
NET BOOK VALUE
At 31 March 2024 368,618 88,945 457,563
At 31 March 2023 368,618 101,337 469,955

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,254 51,495
Other debtors 4,896 4,399
55,150 55,894

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 45,752 28,311
Trade creditors 9,722 33,133
Taxation and social security 15,379 10,891
Other creditors 2,688 21,173
73,541 93,508

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 126,045 162,887

ACRES SIGNS & GRAPHICS LIMITED (REGISTERED NUMBER: 08909214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 145,847