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Registration number: 11302941

ACER Plant And Haulage Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024

 

ACER Plant And Haulage Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

ACER Plant And Haulage Limited

(Registration number: 11302941)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,192,384

1,693,064

Current assets

 

Stocks

5

10,000

10,000

Debtors

6

700,837

584,532

Cash at bank and in hand

 

-

155,039

 

710,837

749,571

Creditors: Amounts falling due within one year

7

(1,245,464)

(864,227)

Net current liabilities

 

(534,627)

(114,656)

Total assets less current liabilities

 

1,657,757

1,578,408

Creditors: Amounts falling due after more than one year

7

(820,003)

(755,356)

Net assets

 

837,754

823,052

Capital and reserves

 

Called up share capital

100

100

Retained earnings

837,654

822,952

Shareholders' funds

 

837,754

823,052

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 January 2025
 

 

ACER Plant And Haulage Limited

(Registration number: 11302941)
Balance Sheet as at 30 April 2024

.........................................
Mr J Frizell
Director

 

ACER Plant And Haulage Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised using the accrual model. Grants which relate to revenue shall be recognised
in other operating income on as systematic basis over the periods in which the company recognises the related
costs for which the grant is intended to compensate.
Any amounts outstanding at the year end will be included within other debtors.

 

ACER Plant And Haulage Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Motor vehicles

20% reducing balance

Office equipment

25% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 18 (2023 - 16).

 

ACER Plant And Haulage Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 May 2023

11,766

461,644

1,750,710

2,224,120

Additions

3,414

145,230

1,964,887

2,113,531

Disposals

(649)

(111,000)

(1,256,342)

(1,367,991)

At 30 April 2024

14,531

495,874

2,459,255

2,969,660

Depreciation

At 1 May 2023

2,549

186,386

342,121

531,056

Charge for the year

3,216

57,926

247,569

308,711

Eliminated on disposal

(257)

(16,725)

(45,509)

(62,491)

At 30 April 2024

5,508

227,587

544,181

777,276

Carrying amount

At 30 April 2024

9,023

268,287

1,915,074

2,192,384

At 30 April 2023

9,217

275,258

1,408,589

1,693,064

5

Stocks

2024
£

2023
£

Stock

10,000

10,000

6

Debtors

Current

2024
£

2023
£

Trade debtors

387,984

534,137

Other debtors

312,853

50,395

 

700,837

584,532

 

ACER Plant And Haulage Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Other borrowings

599,169

483,999

Trade creditors

 

469,349

259,309

Taxation and social security

 

106,316

95,332

Other creditors

 

70,630

25,587

 

1,245,464

864,227

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Other borrowings

820,003

755,356

Other borrowings

Included in other borrowings are hire purchase liabilities. These liabilities are secured on the associated assets held by the company.