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REGISTERED NUMBER: 07212940 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Acorn Commercial Interiors Ltd

Acorn Commercial Interiors Ltd (Registered number: 07212940)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Acorn Commercial Interiors Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: C P Guest
P Adams
R Turland





REGISTERED OFFICE: Riverside House
Wharf Way
Glen Parva
Leicester
LE2 9TF





REGISTERED NUMBER: 07212940 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Acorn Commercial Interiors Ltd (Registered number: 07212940)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,833 29,201

CURRENT ASSETS
Debtors 5 178,084 183,773
Cash at bank and in hand 39,703 191,141
217,787 374,914
CREDITORS
Amounts falling due within one year 6 232,359 371,367
NET CURRENT (LIABILITIES)/ASSETS (14,572 ) 3,547
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,261

32,748

CREDITORS
Amounts falling due after more than one year 7 (24,638 ) (26,412 )

PROVISIONS FOR LIABILITIES 8 (12,088 ) (6,108 )
NET ASSETS 1,535 228

CAPITAL AND RESERVES
Called up share capital 9 49 49
Capital redemption reserve 51 51
Retained earnings 1,435 128
SHAREHOLDERS' FUNDS 1,535 228

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.

Acorn Commercial Interiors Ltd (Registered number: 07212940)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:





C P Guest - Director


Acorn Commercial Interiors Ltd (Registered number: 07212940)

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

1. STATUTORY INFORMATION

Acorn Commercial Interiors Ltd 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.

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.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 33% on reducing balance
Computer equipment - 25% 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 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.

Acorn Commercial Interiors Ltd (Registered number: 07212940)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 11,628 3,736 85,280 17,569 118,213
Additions 2,374 101 38,685 1,329 42,489
Disposals (1,218 ) - (14,205 ) - (15,423 )
At 30 April 2024 12,784 3,837 109,760 18,898 145,279
DEPRECIATION
At 1 May 2023 6,209 3,214 65,501 14,088 89,012
Charge for year 1,021 135 15,722 1,835 18,713
Eliminated on disposal (1,218 ) - (14,061 ) - (15,279 )
At 30 April 2024 6,012 3,349 67,162 15,923 92,446
NET BOOK VALUE
At 30 April 2024 6,772 488 42,598 2,975 52,833
At 30 April 2023 5,419 522 19,779 3,481 29,201

Acorn Commercial Interiors Ltd (Registered number: 07212940)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 31,045
Additions 28,020
At 30 April 2024 59,065
DEPRECIATION
At 1 May 2023 13,677
Charge for year 14,421
At 30 April 2024 28,098
NET BOOK VALUE
At 30 April 2024 30,967
At 30 April 2023 17,368

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 156,246 160,272
Other debtors - 6,616
Prepayments 21,838 16,885
178,084 183,773

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 8,000 8,000
Hire purchase contracts 12,369 6,497
Trade creditors 86,656 180,230
Tax 23,657 6,739
Social security and other taxes 3,711 17,336
VAT 92,974 143,642
Other creditors - 124
Directors' current accounts 3,078 2,640
Accruals and deferred income 1,914 6,159
232,359 371,367

Acorn Commercial Interiors Ltd (Registered number: 07212940)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 8,667 16,667
Hire purchase contracts 15,971 9,745
24,638 26,412

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 12,088 6,108

Deferred
tax
£   
Balance at 1 May 2023 6,108
Provided during year 5,980
Balance at 30 April 2024 12,088

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 49 49

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is not known.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Acorn Commercial Interiors Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Acorn Commercial Interiors Ltd for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Acorn Commercial Interiors Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Acorn Commercial Interiors Ltd and state those matters that we have agreed to state to the Board of Directors of Acorn Commercial Interiors Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Acorn Commercial Interiors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Acorn Commercial Interiors Ltd. You consider that Acorn Commercial Interiors Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Acorn Commercial Interiors Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


6 January 2025