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REGISTERED NUMBER: 09431565 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 April 2024

for

ACS Building Products Limited

ACS Building Products Limited (Registered number: 09431565)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


ACS Building Products Limited (Registered number: 09431565)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,221 145,705

CURRENT ASSETS
Debtors 5 1,185,257 1,209,564
Cash at bank 1,022,074 1,450,466
2,207,331 2,660,030
CREDITORS
Amounts falling due within one year 6 513,897 1,464,694
NET CURRENT ASSETS 1,693,434 1,195,336
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,806,655

1,341,041

PROVISIONS FOR LIABILITIES 20,763 27,801
NET ASSETS 1,785,892 1,313,240

CAPITAL AND RESERVES
Called up share capital 7 3,000 3,000
Retained earnings 1,782,892 1,310,240
SHAREHOLDERS' FUNDS 1,785,892 1,313,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ACS Building Products Limited (Registered number: 09431565)

Balance Sheet - continued
30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2025 and were signed on its behalf by:





D A Flannery - Director


ACS Building Products Limited (Registered number: 09431565)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

ACS Building Products Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09431565

Registered office: 1 & 2 Innovation Way
Cross Green
Leeds
LS9 0DR

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 UK and Republic of Ireland" and 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 give a true and fair view.

The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is stated net of VAT and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Tangible fixed assets
Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

Depreciation is provided on all tangible assets at rates calculated to write off the cost less estimated residual value of each asset its expected useful life.

Computer Equipment33% Straight line basis
Motor Vehicles25% Reducing balance basis

Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

The need for any fixed asset impairment write down is assessed by comparison of the carrying value of the assets against the higher of realisable value and value in use.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

ACS Building Products Limited (Registered number: 09431565)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs) unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - trade debtors, other debtors, cash and bank balances, trade creditors and other creditors. These are all measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Taxation
Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date and are expected to apply to the reversal of the timing difference.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

Where material, the cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination payments.

Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme and that of directors' personal pension schemes are charged to the profit and loss account in the period to which they relate.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an Annual General Meeting.

ACS Building Products Limited (Registered number: 09431565)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2023 - 40 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 291,704 36,500 328,204
DEPRECIATION
At 1 May 2023 145,999 36,500 182,499
Charge for year 32,484 - 32,484
At 30 April 2024 178,483 36,500 214,983
NET BOOK VALUE
At 30 April 2024 113,221 - 113,221
At 30 April 2023 145,705 - 145,705

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,161,148 1,198,885
Other debtors 24,109 10,679
1,185,257 1,209,564

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 250 -
Taxation and social security 424,997 1,409,417
Other creditors 88,650 55,277
513,897 1,464,694

ACS Building Products Limited (Registered number: 09431565)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully
paid:

Number: Class: Nominal 2024 2023
Value: £ £
2,300 Ordinary A Shares 1 2,300 2,300
150 Ordinary B Shares 1 150 150
150 Ordinary C Shares 1 150 150
150 Ordinary D Shares 1 150 150
150 Ordinary E Shares 1 150 150
100 Ordinary F Shares 1 100 100
3,000 3,000