Company registration number 06589662 (England and Wales)
Acetech Services Limited
Annual report and unaudited financial statements
For the year ended 31 May 2024
Pages for filing with registrar
Acetech Services Limited
Contents
Page
Director's report
1
Balance sheet
2
Notes to the financial statements
3 - 4
Acetech Services Limited
Director's report
For the year ended 31 May 2024
- 1 -

The director presents his annual report and financial statements for the year ended 31 May 2024.

Principal activities
The principal activity of the company is materials testing within the construction industry.
Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

P Packer
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
P Packer
Director
24 February 2025
Acetech Services Limited
Balance sheet
As at 31 May 2024
31 May 2024
- 2 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
1,181
1,216
Cash at bank and in hand
18,433
18,157
19,614
19,373
Creditors: amounts falling due within one year
5
(10,896)
(10,715)
Net current assets
8,718
8,658
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
8,618
8,558
Total equity
8,718
8,658

For the financial year ended 31 May 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 24 February 2025
P Packer
Director
Company registration number 06589662 (England and Wales)
Acetech Services Limited
Notes to the financial statements
For the year ended 31 May 2024
- 3 -
1
Accounting policies
Company information

Acetech Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 56 Ingrams Way, Hailsham, East Sussex, BN27 3NX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable, net of discounts.

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the net book value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
Acetech Services Limited
Notes to the financial statements (continued)
For the year ended 31 May 2024
- 4 -
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 June 2023 and 31 May 2024
975
Depreciation and impairment
At 1 June 2023 and 31 May 2024
975
Carrying amount
At 31 May 2024
-
0
At 31 May 2023
-
0
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
999
1,028
Prepayments and accrued income
182
188
1,181
1,216
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
779
2,110
Corporation tax
4,706
4,468
Other taxation and social security
306
168
Other creditors
3,725
2,589
Accruals and deferred income
1,380
1,380
10,896
10,715
6
Directors' transactions

Dividends totalling £20,000 (2023 - £25,000) were paid in the year in respect of shares held by the company's directors.

The director's loan account was not overdrawn during the year.

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