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REGISTERED NUMBER: 04990620 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Acorn Transport and Plant Hire Limited

Acorn Transport and Plant Hire Limited (Registered number: 04990620)






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


Acorn Transport and Plant Hire Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J S Stevenson
Mrs E Stevenson





REGISTERED OFFICE: Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW





REGISTERED NUMBER: 04990620 (England and Wales)





ACCOUNTANTS: Willsons
Chartered Accountants
Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW

Acorn Transport and Plant Hire Limited (Registered number: 04990620)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,255,250 1,959,375
2,255,250 1,959,375

CURRENT ASSETS
Stocks 161,845 71,690
Debtors 6 2,359,463 1,925,322
Cash at bank 750,563 1,083,904
3,271,871 3,080,916
CREDITORS
Amounts falling due within one year 7 1,349,379 1,232,138
NET CURRENT ASSETS 1,922,492 1,848,778
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,177,742

3,808,153

CREDITORS
Amounts falling due after more than one year 8 (375,592 ) (298,033 )

PROVISIONS FOR LIABILITIES (532,509 ) (458,831 )
NET ASSETS 3,269,641 3,051,289

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,269,639 3,051,287
SHAREHOLDERS' FUNDS 3,269,641 3,051,289

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 Transport and Plant Hire Limited (Registered number: 04990620)

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 14 January 2025 and were signed on its behalf by:





Mrs E Stevenson - Director


Acorn Transport and Plant Hire Limited (Registered number: 04990620)

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

1. STATUTORY INFORMATION

Acorn Transport and Plant Hire 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.

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 represents the total invoice value, excluding value added tax, of sales made during the period.
Turnover is recognised on delivery of the goods or on completion of the service to the customer.
When the outcome of work can be estimated reliably, turnover from the work done is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to percentage of job completed. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, was amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 15% on reducing balance
Workshop equipment - 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

Acorn Transport and Plant Hire Limited (Registered number: 04990620)

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

2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 30,000
AMORTISATION
At 1 May 2023
and 30 April 2024 30,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Workshop
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 1,673,450 61,466 2,523,282 92,743 4,350,941
Additions 86,870 3,096 613,511 1,100 704,577
Disposals - - (365,523 ) - (365,523 )
At 30 April 2024 1,760,320 64,562 2,771,270 93,843 4,689,995
DEPRECIATION
At 1 May 2023 829,415 49,290 1,462,299 50,562 2,391,566
Charge for year 131,115 2,848 201,879 6,368 342,210
Eliminated on disposal - - (299,031 ) - (299,031 )
At 30 April 2024 960,530 52,138 1,365,147 56,930 2,434,745
NET BOOK VALUE
At 30 April 2024 799,790 12,424 1,406,123 36,913 2,255,250
At 30 April 2023 844,035 12,176 1,060,983 42,181 1,959,375

Acorn Transport and Plant Hire Limited (Registered number: 04990620)

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

5. TANGIBLE FIXED ASSETS - continued

The Net Book Value (NBV) of assets held under finance lease or hire purchase agreements at the balance sheet date was £1,166,457 (2023 £900,827).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 888,346 795,135
Amounts recoverable on
contracts 127,042 128,496
Other debtors 202,442 204,964
Directors' current accounts 1,068,977 725,942
Prepayments 72,656 70,785
2,359,463 1,925,322

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts (see note 9) 410,482 308,500
Trade creditors 667,952 623,817
Corporation Tax 83,133 24,176
Social security and other taxes 39,905 40,689
Pension 6,488 7,225
VAT 75,402 147,123
Other creditors 2,259 2,430
Accrued expenses 63,758 78,178
1,349,379 1,232,138

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts (see note 9) 375,592 298,033

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.24 30.4.23
£    £   
Net obligations repayable:
Within one year 410,482 308,500
Between one and five years 375,592 298,033
786,074 606,533

Acorn Transport and Plant Hire Limited (Registered number: 04990620)

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

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
30.4.24 30.4.23
£    £   
Within one year 42,667 39,200
Between one and five years 29,200 71,867
71,867 111,067

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 786,074 606,533

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
J S Stevenson
Balance outstanding at start of year 362,971 290,497
Amounts advanced 255,945 158,296
Amounts repaid (84,427 ) (85,822 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 534,489 362,971

Mrs E Stevenson
Balance outstanding at start of year 362,971 290,497
Amounts advanced 255,944 158,296
Amounts repaid (84,427 ) (85,822 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 534,488 362,971