1 April 2023 false No description of principal activity Taxfiler 2024.6.1 07174979business:PrivateLimitedCompanyLtd2023-04-012024-03-31 071749792023-03-31 071749792023-04-012024-03-31 07174979business:AuditExemptWithAccountantsReport2023-04-012024-03-31 07174979business:FilletedAccounts2023-04-012024-03-31 071749792024-03-31 07174979business:Director12023-04-012024-03-31 07174979business:RegisteredOffice2023-04-012024-03-31 071749792023-03-31 07174979core:WithinOneYear2024-03-31 07174979core:WithinOneYear2023-03-31 07174979core:AfterOneYear2024-03-31 07174979core:AfterOneYear2023-03-31 07174979core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 07174979core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 07174979core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 07174979core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 07174979core:PreviouslyStatedAmount2024-03-31 07174979core:PreviouslyStatedAmount2023-03-31 07174979business:SmallEntities2023-04-012024-03-31 07174979countries:EnglandWales2023-04-012024-03-31 07174979core:MotorVehicles2023-04-012024-03-31 07174979core:FurnitureFittings2023-04-012024-03-31 07174979core:ComputerEquipment2023-04-012024-03-31 07174979core:MotorVehicles2023-03-31 07174979core:FurnitureFittings2023-03-31 07174979core:ComputerEquipment2023-03-31 07174979core:MotorVehicles2024-03-31 07174979core:FurnitureFittings2024-03-31 07174979core:ComputerEquipment2024-03-31 071749792022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07174979 (England and Wales)
Acorn Refurbishments Ltd Unaudited accounts for the year ended 31 March 2024
Acorn Refurbishments Ltd Unaudited accounts Contents
Page
- 2 -
Acorn Refurbishments Ltd Company Information for the year ended 31 March 2024
Director
Mrs V A Wilkinson
Company Number
07174979 (England and Wales)
Registered Office
Churchill House 137-139 Brent Street London NW4 4DJ
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
- 3 -
Acorn Refurbishments Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,431 
15,989 
Current assets
Debtors
154,072 
149,634 
Cash at bank and in hand
21,054 
16,910 
175,126 
166,544 
Creditors: amounts falling due within one year
(132,595)
(121,209)
Net current assets
42,531 
45,335 
Total assets less current liabilities
52,962 
61,324 
Creditors: amounts falling due after more than one year
(52,543)
(60,970)
Net assets
419 
354 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
418 
353 
Shareholders' funds
419 
354 
For the year ending 31 March 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 her 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 30 January 2025 and were signed on its behalf by
Mrs V A Wilkinson Director Company Registration No. 07174979
- 4 -
Acorn Refurbishments Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Acorn Refurbishments Ltd is a private company, limited by shares, registered in England and Wales, registration number 07174979. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
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:
Motor vehicles
25% on cost
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
- 5 -
Acorn Refurbishments Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
58,779 
5,929 
4,588 
69,296 
At 31 March 2024
58,779 
5,929 
4,588 
69,296 
Depreciation
At 1 April 2023
43,945 
5,929 
3,433 
53,307 
Charge for the year
4,945 
- 
613 
5,558 
At 31 March 2024
48,890 
5,929 
4,046 
58,865 
Net book value
At 31 March 2024
9,889 
- 
542 
10,431 
At 31 March 2023
14,834 
- 
1,155 
15,989 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
6,385 
Trade debtors
16,049 
964 
Other debtors
138,023 
142,285 
154,072 
149,634 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
637 
- 
Obligations under finance leases and hire purchase contracts
8,228 
4,114 
Trade creditors
18,907 
18,158 
Taxes and social security
97,679 
91,760 
Other creditors
144 
177 
Accruals
7,000 
7,000 
132,595 
121,209 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
49,800 
50,000 
Obligations under finance leases and hire purchase contracts
2,743 
10,970 
52,543 
60,970 
8
Loans to directors
Included within other debtors is an amount of £110,897 (2023: £110,479) due from a director of the company. Interest is being charged on the outstanding balance at a rate of 2.5% per annum. There was a partial repayment of this loan after the year-end.
- 6 -
Acorn Refurbishments Ltd Notes to the Accounts for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 7 -