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REGISTERED NUMBER: 05114687 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

ACR Systems (UK) Limited

ACR Systems (UK) Limited (Registered number: 05114687)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ACR Systems (UK) Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: C Roberts





SECRETARY: C Roberts





REGISTERED OFFICE: 64 Brown Avenue
Church Lawton
Stoke On Trent
Staffordshire
ST7 3EP





REGISTERED NUMBER: 05114687 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

ACR Systems (UK) Limited (Registered number: 05114687)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,452 2,981
Investments 6 684,000 741,529
686,452 744,510

CURRENT ASSETS
Debtors: amounts falling due within one year 7 3,923 118
Cash at bank 18,649 33,221
22,572 33,339
CREDITORS
Amounts falling due within one year 8 (67,786 ) (133,478 )
NET CURRENT LIABILITIES (45,214 ) (100,139 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

641,238

644,371

CREDITORS
Amounts falling due after more than one
year

9

(321,769

)

(321,738

)

PROVISIONS FOR LIABILITIES 12 (25,107 ) (22,323 )
NET ASSETS 294,362 300,310

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 293,362 299,310
SHAREHOLDER FUNDS 294,362 300,310

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 director acknowledges his 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.

ACR Systems (UK) Limited (Registered number: 05114687)

Statement of Financial Position - 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 director and authorised for issue on 22 November 2024 and were signed by:





C Roberts - Director


ACR Systems (UK) Limited (Registered number: 05114687)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

ACR Systems (UK) Limited ('The Company') is a trading and property investment company.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and of the registered office is 64 Brown Avenue, Church Lawton, Stoke On Trent, Staffordshire, ST7 3EP. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the director.

Therefore the director considers it appropriate to prepare the financial statements on the going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33.33% on cost

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 end of the financial year.


ACR Systems (UK) Limited (Registered number: 05114687)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the end of the financial year.

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.

Investment property
Investment property is shown at fair value, the fair value is reviewed annually by the directors. Any aggregate surplus or deficit arising from changes in the fair value in the year is recognised in the profit or loss within the Statement of Comprehensive Income. The cumulative fair value surplus on the investment property is recognised as a separate non-distributable reserve.

Rentals are recognised on a straight line basis over the period of the lease or to the date of the next rent review. Net rental income after direct costs is included in other operating income.

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ACR Systems (UK) Limited (Registered number: 05114687)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 6,000 102 169 1,525 7,796
DEPRECIATION
At 1 April 2023 3,725 4 6 1,080 4,815
Charge for year 300 14 25 190 529
At 31 March 2024 4,025 18 31 1,270 5,344
NET BOOK VALUE
At 31 March 2024 1,975 84 138 255 2,452
At 31 March 2023 2,275 98 163 445 2,981

On 31 December 2022 the company acquired tangible fixed assets from its subsidiary company at their net book value of £526.

6. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Other investments not loans 684,000 741,529

Additional information is as follows:
Unlisted
investments
£   
COST
At 1 April 2023 125,000
Disposals (125,000 )
At 31 March 2024 -
PROVISIONS
At 1 April 2023 53,471

Eliminated on disposal (53,471 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 71,529

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Investment properties 670,000 670,000
Revaluation 14,000 -

ACR Systems (UK) Limited (Registered number: 05114687)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. FIXED ASSET INVESTMENTS - continued
684,000 670,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,923 118

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 275 291
Amounts due to group undertakings - 73,215
Other creditors 67,511 59,972
67,786 133,478

Amounts due to group undertakings are unsecured, interest free and repayable on demand.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 321,769 321,738

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans due after more than
five years - non-instalments 321,769 321,738
321,769 321,738

The mortgage loans are secured on the company's investment properties. The loans are paid monthly on an interest only basis.

10. LEASING AGREEMENTS
Minimum lease payments receivable fall due as follows:

Non-cancellable operating
leases
2024 2023
£ £
Within one year 11,750 12,950
Between one and five years - -
11,750 12,950

ACR Systems (UK) Limited (Registered number: 05114687)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 321,769 321,738

The above loans are secured against the investment properties.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 25,107 22,323

Deferred
tax
£   
Balance at 1 April 2023 22,323
Charge to Income Statement during year 2,784
Balance at 31 March 2024 25,107

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

An amount of £62,097 (2023: £54,666) owed to the director is included within creditors: amounts falling due within one year.

During the year interest of £3,377 (2023: £3,439) has been incurred by the company in respect of the director's loan. At 31 March 2024 this remains unpaid and is included within accruals: amounts falling due within one year.

14. RELATED PARTY DISCLOSURES

Transactions with related parties during the year and balances outstanding at the end of the reporting period were as follows:

Entities over which the company has control:

2024 2023
£ £
Amounts due to entities - 73,215

15. NON-DISTRIBUTABLE RESERVES

Included within retained earnings is an amount of £247,849 (2023: £237,349) which is non-distributable.