5 false false true false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 18,000 18,000 xbrli:pure xbrli:shares iso4217:GBP 06756394 2023-03-01 2024-02-29 06756394 2024-02-29 06756394 2023-02-28 06756394 2022-03-01 2023-02-28 06756394 2023-02-28 06756394 2022-02-28 06756394 core:NetGoodwill 2023-03-01 2024-02-29 06756394 core:MotorVehicles 2023-03-01 2024-02-29 06756394 bus:Director1 2023-03-01 2024-02-29 06756394 core:NetGoodwill 2024-02-29 06756394 core:MotorVehicles 2023-02-28 06756394 core:MotorVehicles 2024-02-29 06756394 core:WithinOneYear 2024-02-29 06756394 core:WithinOneYear 2023-02-28 06756394 core:AfterOneYear 2024-02-29 06756394 core:AfterOneYear 2023-02-28 06756394 core:ShareCapital 2024-02-29 06756394 core:ShareCapital 2023-02-28 06756394 core:RetainedEarningsAccumulatedLosses 2024-02-29 06756394 core:RetainedEarningsAccumulatedLosses 2023-02-28 06756394 core:BetweenOneFiveYears 2024-02-29 06756394 core:BetweenOneFiveYears 2023-02-28 06756394 core:MotorVehicles 2023-02-28 06756394 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2023-02-28 06756394 bus:SmallEntities 2023-03-01 2024-02-29 06756394 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 06756394 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 06756394 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 06756394 bus:FullAccounts 2023-03-01 2024-02-29 06756394 core:ComputerEquipment 2024-02-29 06756394 core:ComputerEquipment 2023-02-28 06756394 core:ComputerEquipment 2023-03-01 2024-02-29
COMPANY REGISTRATION NUMBER: 06756394
ACS HEALTH, SAFETY & ENVIRONMENT LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
29 February 2024
ACS HEALTH, SAFETY & ENVIRONMENT LIMITED
STATEMENT OF FINANCIAL POSITION
29 February 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
6
23,893
31,390
CURRENT ASSETS
Debtors
7
25,162
53,164
Cash at bank and in hand
7,657
5,326
---------
---------
32,819
58,490
CREDITORS: amounts falling due within one year
8
95,170
92,132
---------
---------
NET CURRENT LIABILITIES
62,351
33,642
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 38,458)
( 2,252)
CREDITORS: amounts falling due after more than one year
9
16,047
22,345
---------
---------
NET LIABILITIES
( 54,505)
( 24,597)
---------
---------
ACS HEALTH, SAFETY & ENVIRONMENT LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
29 February 2024
2024
2023
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
1,000
1,000
Profit and loss account
( 55,505)
( 25,597)
---------
---------
SHAREHOLDERS DEFICIT
( 54,505)
( 24,597)
---------
---------
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 statement of income and retained earnings has not been delivered.
For the year ending 29 February 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 were approved by the board of directors and authorised for issue on 25 November 2024 , and are signed on behalf of the board by:
R Alders
Director
Company registration number: 06756394
ACS HEALTH, SAFETY & ENVIRONMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29 FEBRUARY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 41 Elizabeth Street, Elland, HX5 0JH, West Yorkshire.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have given assurances that they will continue to support the company and the financial statements have therefore been prepared on a going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for health, safety and environmental services rendered, stated net of discounts and of Value Added Tax.
Current and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss. 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. 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.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Computers & equipment
-
10% , 25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).
5. INTANGIBLE ASSETS
Goodwill
£
Cost
At 1 March 2023 and 29 February 2024
18,000
---------
Amortisation
At 1 March 2023 and 29 February 2024
18,000
---------
Carrying amount
At 29 February 2024
---------
At 28 February 2023
---------
6. TANGIBLE ASSETS
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 March 2023 and 29 February 2024
33,095
5,010
38,105
---------
-------
---------
Depreciation
At 1 March 2023
4,397
2,318
6,715
Charge for the year
7,175
322
7,497
---------
-------
---------
At 29 February 2024
11,572
2,640
14,212
---------
-------
---------
Carrying amount
At 29 February 2024
21,523
2,370
23,893
---------
-------
---------
At 28 February 2023
28,698
2,692
31,390
---------
-------
---------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Motor vehicles
£
At 29 February 2024
----
At 28 February 2023
28,698
---------
7. DEBTORS
2024
2023
£
£
Trade debtors
20,730
48,387
Other debtors
4,432
4,777
---------
---------
25,162
53,164
---------
---------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
14,845
12,985
Social security and other taxes
12,219
16,758
Other creditors
68,106
62,389
---------
---------
95,170
92,132
---------
---------
Included in creditors: amounts falling due within one year are the following liabilities which are secured by the company:
2024
2023
£
Hire purchase and finance lease agreements
6,297
5,912
-------
-------
The liabilities are secured on the asset to which the hire purchase or finance lease agreement relates.
9. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Other creditors
16,047
22,345
---------
---------
2024
2023
£
Hire purchase and finance lease agreements
16,047
22,345
---------
---------
The liabilities are secured on the asset to which the hire purchase or finance lease agreement relates.
10. FINANCE LEASES AND HIRE PURCHASE CONTRACTS
The total future minimum lease payments under finance leases and hire purchase contracts are as follows:
2024
2023
£
£
Not later than 1 year
7,750
7,750
Later than 1 year and not later than 5 years
17,834
25,584
---------
---------
25,584
33,334
Less: future finance charges
( 3,240)
( 5,077)
---------
---------
Present value of minimum lease payments
22,344
28,257
---------
---------
11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the directors had an unsecured interest free loan with the company. The directors loan account was in credit throughout the year and is repayable on demand.