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REGISTERED NUMBER: 11312812 (England and Wales)



















ACCA OFFICE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ACCA OFFICE LIMITED (REGISTERED NUMBER: 11312812)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


ACCA OFFICE LIMITED (REGISTERED NUMBER: 11312812)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,000 30,000
Tangible assets 5 961,902 688,232
986,902 718,232

CURRENT ASSETS
Debtors 6 535,581 367,383
Cash at bank 74,466 272,378
610,047 639,761
CREDITORS
Amounts falling due within one year 7 239,127 515,781
NET CURRENT ASSETS 370,920 123,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,357,822

842,212

CREDITORS
Amounts falling due after more than one
year

8

668,887

300,671
NET ASSETS 688,935 541,541

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 688,835 541,441
688,935 541,541

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 3 December 2024 and were signed on its behalf by:




J S Sohal - Director



L S Sohal - Director


ACCA OFFICE LIMITED (REGISTERED NUMBER: 11312812)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

ACCA Office 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: 11312812

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

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.

The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are again prepared on the going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets
Franchise, being the amount paid in connection with the acquisition of each business, is being amortised evenly over its estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Improvements to property - 10% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost


ACCA OFFICE LIMITED (REGISTERED NUMBER: 11312812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Going concern
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

ACCA OFFICE LIMITED (REGISTERED NUMBER: 11312812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Franchise
£   
COST
At 1 April 2023
and 31 March 2024 50,000
AMORTISATION
At 1 April 2023 20,000
Amortisation for year 5,000
At 31 March 2024 25,000
NET BOOK VALUE
At 31 March 2024 25,000
At 31 March 2023 30,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 31,776 116,606 782,563 39,939 970,884
Additions - 85,462 279,898 6,800 372,160
At 31 March 2024 31,776 202,068 1,062,461 46,739 1,343,044
DEPRECIATION
At 1 April 2023 10,858 34,587 197,511 39,696 282,652
Charge for year 3,178 17,309 76,816 1,187 98,490
At 31 March 2024 14,036 51,896 274,327 40,883 381,142
NET BOOK VALUE
At 31 March 2024 17,740 150,172 788,134 5,856 961,902
At 31 March 2023 20,918 82,019 585,052 243 688,232

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 168,511 339,116
Other debtors 6,272 28,267
174,783 367,383

Amounts falling due after more than one year:
Amounts owed by group undertakings 360,798 -

Aggregate amounts 535,581 367,383

ACCA OFFICE LIMITED (REGISTERED NUMBER: 11312812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 47,202 9,688
Trade creditors 8,837 47,497
Taxation and social security 14,802 37,104
Other creditors 168,286 421,492
239,127 515,781

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 183,396 30,806
Amounts owed to group undertakings 485,491 269,865
668,887 300,671

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Domenico Maurello (Senior Statutory Auditor)
for and on behalf of Keelings Limited

10. ULTIMATE CONTROLLING PARTY

Parent Company
ACCA Group Limited is regarded by the directors as being the ultimate parent company.

Ultimate Controlling Party
J Sohal and L Sohal jointly control the parent company.

ACCA Group Limited prepares group consolidated financial statements and they can be obtained from the following address:

71 Knowl Piece
Wilbury Way
Hitchin
SG4 0TY