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REGISTERED NUMBER: 06565110 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Acen Utilities Ltd

Acen Utilities Ltd (Registered number: 06565110)

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


Acen Utilities Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S R Flick
Mrs J Y Tei





REGISTERED OFFICE: Third Floor
207 Regent Street
London
W1B 3HH





REGISTERED NUMBER: 06565110 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

Acen Utilities Ltd (Registered number: 06565110)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 114,515 36,090
114,515 36,090

CURRENT ASSETS
Debtors 6 416,368 11,072
Cash at bank 304,672 647,551
721,040 658,623
CREDITORS
Amounts falling due within one year 7 252,499 187,725
NET CURRENT ASSETS 468,541 470,898
TOTAL ASSETS LESS CURRENT
LIABILITIES

583,056

506,988

CREDITORS
Amounts falling due after more than one
year

8

(64,902

)

-

PROVISIONS FOR LIABILITIES (28,629 ) -
NET ASSETS 489,525 506,988

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 487,525 504,988
489,525 506,988

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.

Acen Utilities Ltd (Registered number: 06565110)

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 29 January 2025 and were signed on its behalf by:





S R Flick - Director


Acen Utilities Ltd (Registered number: 06565110)

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


1. STATUTORY INFORMATION

Acen Utilities 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten 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 & machinery - 33.3% reducing balance basis
Furniture, fittings & Equipment - 33.3% reducing balance basis
Motor Vehicles - 25% reducing balance basis

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.

Acen Utilities Ltd (Registered number: 06565110)

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.

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 6 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 18,000
AMORTISATION
At 1 May 2023
and 30 April 2024 18,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Acen Utilities Ltd (Registered number: 06565110)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 71,862
Additions 105,681
At 30 April 2024 177,543
DEPRECIATION
At 1 May 2023 35,772
Charge for year 27,256
At 30 April 2024 63,028
NET BOOK VALUE
At 30 April 2024 114,515
At 30 April 2023 36,090

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 103,390
At 30 April 2024 103,390
DEPRECIATION
Charge for year 15,078
At 30 April 2024 15,078
NET BOOK VALUE
At 30 April 2024 88,312

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 2,140 1,440
Other debtors 414,228 9,632
416,368 11,072

Acen Utilities Ltd (Registered number: 06565110)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 12,729 -
Trade creditors 46,028 49,745
Taxation and social security 96,206 99,847
Other creditors 97,536 38,133
252,499 187,725

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 64,902 -

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £220,000 (2023 - £251,300) were paid to the directors .

At the balance sheet date the company owed its directors £7,688 (2023 £799). This loan is interest free and is repayable on demand.
At the balance sheet date the company was owed £439,104 (2023 £7,500l) by business under common control. The loan is interest free, repayable on demand and included in other debtors. A provision of £24,876 has been made against this debt in the year and the carrying value is £414,228.