Registered number
01802209
Acrebroad Limited
Unaudited Filleted Accounts
30 September 2024
Acrebroad Limited
Registered number: 01802209
Balance Sheet
as at 30 September 2024
Notes 30/9/24 31/3/24
£ £
Fixed assets
Tangible assets 4 39,968 44,583
Current assets
Stocks 7,635 8,294
Debtors 5 58,976 61,576
Cash at bank and in hand 380,070 405,815
446,681 475,685
Creditors: amounts falling due within one year 6 (77,196) (44,693)
Net current assets 369,485 430,992
Total assets less current liabilities 409,453 475,575
Provisions for liabilities (7,594) (8,472)
Net assets 401,859 467,103
Capital and reserves
Called up share capital 67 67
Revaluation reserve 7 33 33
Profit and loss account 401,759 467,003
Shareholders' funds 401,859 467,103
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Buckley
Director
Approved by the board on 30 January 2025
Acrebroad Limited
Notes to the Accounts
for the period from 1 April 2024 to 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% - 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Motor vehicles 20% - 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 30/9/24 31/3/24
Number Number
Average number of persons employed by the company 9 9
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 75,404
At 30 September 2024 75,404
Amortisation
At 1 April 2024 75,404
At 30 September 2024 75,404
Net book value
At 30 September 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 64,941 117,964 182,905
At 30 September 2024 64,941 117,964 182,905
Depreciation
At 1 April 2024 62,025 76,297 138,322
Charge for the period 407 4,208 4,615
At 30 September 2024 62,432 80,505 142,937
Net book value
At 30 September 2024 2,509 37,459 39,968
At 31 March 2024 2,916 41,667 44,583
5 Debtors 30/9/24 31/3/24
£ £
Trade debtors 45,207 52,030
Other debtors 13,769 9,546
58,976 61,576
6 Creditors: amounts falling due within one year 30/9/24 31/3/24
£ £
Trade creditors 14,950 22,301
Taxation and social security costs 9,529 10,817
Other creditors 52,717 11,575
77,196 44,693
7 Revaluation reserve 30/9/24 31/3/24
£ £
At 1 April 2024 33 33
At 30 September 2024 33 33
8 Other information
Acrebroad Limited is a private company limited by shares and incorporated in England. Its registered office is:
38 High Street North
Langley Moor
Durham
DH7 8JG
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