Company registration number 05859829 (England and Wales)
ACACIA CONSULTANTS AND ASSOCIATES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
ACACIA CONSULTANTS AND ASSOCIATES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ACACIA CONSULTANTS AND ASSOCIATES LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
205,072
87,002
Current assets
Debtors
4
445,092
319,230
Cash at bank and in hand
53,196
113,508
498,288
432,738
Creditors: amounts falling due within one year
5
(170,382)
(138,845)
Net current assets
327,906
293,893
Total assets less current liabilities
532,978
380,895
Creditors: amounts falling due after more than one year
6
(86,799)
(13,654)
Provisions for liabilities
(30,018)
(501)
Net assets
416,161
366,740
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
416,061
366,640
Total equity
416,161
366,740
ACACIA CONSULTANTS AND ASSOCIATES LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 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.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 26 November 2024
Ms F T H Robbins
Director
Company registration number 05859829 (England and Wales)
ACACIA CONSULTANTS AND ASSOCIATES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Acacia Consultants and Associates Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Budgerigar Society, Spring Gardens, Northampton, NN1 1DR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% Straight line
Motor vehicles
25% Straight line

Freehold land is not depreciated.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

ACACIA CONSULTANTS AND ASSOCIATES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

 

1.9
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

ACACIA CONSULTANTS AND ASSOCIATES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
14
14
3
Tangible fixed assets
Freehold land and buildings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023
85,000
4,447
10,649
100,096
Additions
-
0
4,349
128,545
132,894
Disposals
-
0
-
0
(10,649)
(10,649)
At 31 March 2024
85,000
8,796
128,545
222,341
Depreciation and impairment
At 1 April 2023
-
0
2,445
10,649
13,094
Depreciation charged in the year
-
0
1,801
13,023
14,824
Eliminated in respect of disposals
-
0
-
0
(10,649)
(10,649)
At 31 March 2024
-
0
4,246
13,023
17,269
Carrying amount
At 31 March 2024
85,000
4,550
115,522
205,072
At 31 March 2023
85,000
2,002
-
0
87,002
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
111,554
115,600
Corporation tax recoverable
82,524
46,622
Other debtors
251,014
151,142
Prepayments and accrued income
-
0
5,866
445,092
319,230
ACACIA CONSULTANTS AND ASSOCIATES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
11,890
11,352
Obligations under finance leases
5,623
-
0
Corporation tax
70,873
57,847
Other taxation and social security
69,602
64,509
Other creditors
8,194
937
Accruals and deferred income
4,200
4,200
170,382
138,845
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,911
13,654
Other creditors
84,888
-
0
86,799
13,654
7
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Closing balance
£
£
£
£
Current account
2.25
142,081
102,030
4,345
248,456
142,081
102,030
4,345
248,456
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