Company Registration No. 14194151 (England and Wales)
Acumentec Ltd
Unaudited accounts
for the year ended 31 July 2024
Acumentec Ltd
Unaudited accounts
Contents
Acumentec Ltd
Company Information
for the year ended 31 July 2024
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
Acumentec Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
3,293
4,571
Cash at bank and in hand
83,462
68,110
Creditors: amounts falling due within one year
(46,463)
(43,529)
Net current assets
42,885
45,550
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
Acumentec Ltd
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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.
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
At 31 July 2024
4,596
1,658
6,254
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
At 31 July 2024
2,067
1,226
3,293
At 31 July 2023
3,013
1,558
4,571
Amounts falling due within one year
Trade debtors
5,886
20,969
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
14,849
22,798
Loans from directors
26,166
10,975
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).