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REGISTERED NUMBER: 01061402 (England and Wales)
















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Acoustical Control Engineers Limited

Acoustical Control Engineers Limited (Registered number: 01061402)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Acoustical Control Engineers Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: R A Collman





REGISTERED OFFICE: Broadway
Bourn
Cambridgeshire
CB23 2TA





REGISTERED NUMBER: 01061402 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Acoustical Control Engineers Limited (Registered number: 01061402)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 150,847 171,776

CURRENT ASSETS
Stocks 5 33,000 33,000
Debtors 6 142,332 298,947
Cash at bank 22,909 -
198,241 331,947
CREDITORS
Amounts falling due within one year 7 153,354 297,497
NET CURRENT ASSETS 44,887 34,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,734

206,226

CREDITORS
Amounts falling due after more than one
year

8

(16,512

)

(35,624

)

PROVISIONS FOR LIABILITIES 12 (30,204 ) (29,719 )
NET ASSETS 149,018 140,883

CAPITAL AND RESERVES
Called up share capital 13 5,100 5,100
Retained earnings 143,918 135,783
SHAREHOLDERS' FUNDS 149,018 140,883

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Acoustical Control Engineers Limited (Registered number: 01061402)

Balance Sheet - continued
29 February 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 28 November 2024 and were signed by:





R A Collman - Director


Acoustical Control Engineers Limited (Registered number: 01061402)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Acoustical Control Engineers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance and 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

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.

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.

Acoustical Control Engineers Limited (Registered number: 01061402)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Long term contracts
Profit on contracting activities is taken as work progresses. Unless a more conservative approach is necessary, the percentage margin on each individual contract is the lower of the margin earned to date and that forecast to completion. Full provision is made for contract losses as soon as they are foreseen. Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 March 2023 43,633 485,014 24,451
Additions - - -
At 29 February 2024 43,633 485,014 24,451
DEPRECIATION
At 1 March 2023 42,318 338,514 16,627
Charge for year 572 14,663 1,564
At 29 February 2024 42,890 353,177 18,191
NET BOOK VALUE
At 29 February 2024 743 131,837 6,260
At 28 February 2023 1,315 146,500 7,824

Acoustical Control Engineers Limited (Registered number: 01061402)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 36,705 76,038 665,841
Additions - 30 30
At 29 February 2024 36,705 76,068 665,871
DEPRECIATION
At 1 March 2023 20,736 75,870 494,065
Charge for year 3,992 168 20,959
At 29 February 2024 24,728 76,038 515,024
NET BOOK VALUE
At 29 February 2024 11,977 30 150,847
At 28 February 2023 15,969 168 171,776

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023 36,705
Transfer to ownership (36,705 )
At 29 February 2024 -
DEPRECIATION
At 1 March 2023 20,736
Charge for year 3,992
Transfer to ownership (24,728 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 15,969

5. STOCKS
29.2.24 28.2.23
£    £   
Stocks 33,000 33,000

Acoustical Control Engineers Limited (Registered number: 01061402)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 97,101 166,480
Amounts recoverable on contracts 10,167 83,299
Other debtors 3,419 1,375
Amount owed by related party 3,369 4,200
Tax - 14,454
Prepayments and accrued income 28,276 29,139
142,332 298,947

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts (see note 9) 10,103 20,737
Other loans (see note 9) 9,034 21,500
Hire purchase contracts (see note 10) - 5,844
Trade creditors 69,968 89,691
Social security and other taxes 8,729 10,521
VAT 15,338 19,209
Sundry creditors 3,587 4,379
Amounts owed to related party - 25,643
Directors' loan accounts 29,398 93,299
Accrued expenses 7,197 6,674
153,354 297,497

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 9) 16,512 26,590
Other loans (see note 9) - 9,034
16,512 35,624

9. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 10,862
Bank loans 10,103 9,875
Other loans 9,034 21,500
19,137 42,237

Acoustical Control Engineers Limited (Registered number: 01061402)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. LOANS - continued
29.2.24 28.2.23
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 10,358 10,107
Other loans - 1-2 years - 9,034
10,358 19,141

Amounts falling due between two and five years:
Bank loans - 2-5 years 6,154 16,483

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

29.2.24 28.2.23
£    £   
Net obligations repayable:
Within one year - 5,844

11. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bounce back loan 26,615 36,464

On 7 September 2016 a fixed and floating charge was registered against the assets of the company in relation to the loan from the shareholders, Richard A Collman and Anne M Collman
The loan of £100,000 drawn down dated 4 March 2019 with HSBC UK Bank PLC is secured against, albeit not exclusively limited to, all fixed assets as held by the Company.

On 5 April 2020 delivered a debenture with a mixture of fixed and floating charges of which is secured over, albeit not exclusively limited to, all fixed assets, trade debtors and cash at bank as held by the Company.

In September 2020 the company received a government backed loan in light of the Covid 19 pandemic. The loan is secured by the government over a 6 year repayment period. The loan is repaid in installments which began in October 2021. Interest is charged at 2.5% per annum from the first repayment date.

12. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 30,204 29,719

Acoustical Control Engineers Limited (Registered number: 01061402)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

12. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2023 29,719
Accelerated capital allowances 485
Balance at 29 February 2024 30,204

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
5,000 Ordinary A £1 - -
100 Ordinary B £1 5,000 5,000
(28.2.23 - 5,000 )
100 Ordinary B £1 100 100
5,100 5,100

14. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £13,734 (2023: £12,349). The pension contributions outstanding at the year end amounted to £3,587 (2023 - £4,321).

15. RELATED PARTY DISCLOSURES

As at the balance sheet date there is a director loan account due by the Company to the Director of £29,398 (2023 - £93,299). The loan is repayable on demand. Interest paid on the loan for the financial year amounted to £0 (2023 - £6,036).