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Company Registration No. 14194151 (England and Wales)
Acumentec Ltd Unaudited accounts for the year ended 31 July 2024
Acumentec Ltd Unaudited accounts Contents
Page
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Acumentec Ltd Company Information for the year ended 31 July 2024
Director
James Wallace
Company Number
14194151 (England and Wales)
Registered Office
1 COWSLIP CLOSE CHELTENHAM GLOUCESTERSHIRE GL53 0FN UNITED KINGDOM
Accountants
MAB Accountancy Hub Ltd 82 Station Road Bishops Cleeve Cheltenham Gloucestershire GL52 8HJ
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Acumentec Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,293 
4,571 
Current assets
Debtors
5,886 
20,969 
Cash at bank and in hand
83,462 
68,110 
89,348 
89,079 
Creditors: amounts falling due within one year
(46,463)
(43,529)
Net current assets
42,885 
45,550 
Net assets
46,178 
50,121 
Capital and reserves
Called up share capital
105 
105 
Profit and loss account
46,073 
50,016 
Shareholders' funds
46,178 
50,121 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 November 2024 and were signed on its behalf by
James Wallace Director Company Registration No. 14194151
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Acumentec Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Acumentec Ltd is a private company, limited by shares, registered in England and Wales, registration number 14194151. The registered office is 1 COWSLIP CLOSE, CHELTENHAM, GLOUCESTERSHIRE, GL53 0FN, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 Years
Computer equipment
3 Years
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Acumentec Ltd Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
4,117 
1,658 
5,775 
Additions
479 
- 
479 
At 31 July 2024
4,596 
1,658 
6,254 
Depreciation
At 1 August 2023
1,104 
100 
1,204 
Charge for the year
1,425 
332 
1,757 
At 31 July 2024
2,529 
432 
2,961 
Net book value
At 31 July 2024
2,067 
1,226 
3,293 
At 31 July 2023
3,013 
1,558 
4,571 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,886 
20,969 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,450 
9,756 
Taxes and social security
14,849 
22,798 
Other creditors
(2)
- 
Loans from directors
26,166 
10,975 
46,463 
43,529 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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