AC GLOBAL LIMITED

Company Registration Number:
08562147 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

AC GLOBAL LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Additional notes
Balance sheet notes

AC GLOBAL LIMITED

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 162,266 147,593
Total fixed assets: 162,266 147,593
Current assets
Stocks: 4 268,189 230,735
Debtors: 5 1,347,587 1,135,472
Cash at bank and in hand: 95,566 241,857
Total current assets: 1,711,342 1,608,064
Creditors: amounts falling due within one year: 6 ( 467,117 ) ( 447,888 )
Net current assets (liabilities): 1,244,225 1,160,176
Total assets less current liabilities: 1,406,491 1,307,769
Creditors: amounts falling due after more than one year: 7 ( 73,812 ) ( 145,195 )
Provision for liabilities: ( 28,233 ) ( 22,745 )
Total net assets (liabilities): 1,304,446 1,139,829
Capital and reserves
Called up share capital: 99 99
Profit and loss account: 1,304,347 1,139,730
Total Shareholders' funds: 1,304,446 1,139,829

The notes form part of these financial statements

AC GLOBAL LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 November 2024
and signed on behalf of the board by:

Name: Mr Melvin Glazebrook
Status: Director

The notes form part of these financial statements

AC GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

AC GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 3

AC GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 152,669 69,637 50,932 273,238
Additions 12,277 1,025 27,250 40,552
Disposals
Revaluations
Transfers
At 28 February 2024 164,946 70,662 78,182 313,790
Depreciation
At 1 March 2023 67,239 24,063 34,343 125,645
Charge for year 14,318 7,414 4,147 25,879
On disposals
Other adjustments
At 28 February 2024 81,557 31,477 38,490 151,524
Net book value
At 28 February 2024 83,389 39,185 39,692 162,266
At 28 February 2023 85,430 45,574 16,589 147,593

AC GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Stocks

2024 2023
£ £
Stocks 268,189 230,735
Total 268,189 230,735

AC GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Debtors

2024 2023
£ £
Trade debtors 580,076 498,219
Prepayments and accrued income 15,861 13,320
Other debtors 751,650 623,933
Total 1,347,587 1,135,472

AC GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 93,515 156,423
Trade creditors 219,674 219,019
Taxation and social security 105,204 53,988
Accruals and deferred income 4,000 2,500
Other creditors 44,724 15,958
Total 467,117 447,888

AC GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 73,812 145,195
Total 73,812 145,195

AC GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

8. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Advance
£
Balance at 28 February 2023 15,991
Advances or credits made: 49,736
Advances or credits repaid:
Balance at 28 February 2024 65,727

Name of director receiving advance or credit: Loans to related parties
Description of the transaction:
Summary of transactions with other related parties : Joel Glazebrook (brother of Melvin Glazebrook, son of Ken Glazebrook) £81,000. Baia Blu Ltd (fully controlled by Melvin Glazebrook) £599,830.
£
Balance at 28 February 2023 542,830
Advances or credits made: 138,000
Advances or credits repaid:
Balance at 28 February 2024 680,830