Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-07-01No description of principal activity1212truetrue 01313420 2023-07-01 2024-06-30 01313420 2022-07-01 2023-06-30 01313420 2024-06-30 01313420 2023-06-30 01313420 c:Director5 2023-07-01 2024-06-30 01313420 d:PlantMachinery 2023-07-01 2024-06-30 01313420 d:PlantMachinery 2024-06-30 01313420 d:PlantMachinery 2023-06-30 01313420 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01313420 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 01313420 d:MotorVehicles 2023-07-01 2024-06-30 01313420 d:MotorVehicles 2024-06-30 01313420 d:MotorVehicles 2023-06-30 01313420 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01313420 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 01313420 d:FurnitureFittings 2023-07-01 2024-06-30 01313420 d:FurnitureFittings 2024-06-30 01313420 d:FurnitureFittings 2023-06-30 01313420 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01313420 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 01313420 d:OfficeEquipment 2023-07-01 2024-06-30 01313420 d:OfficeEquipment 2024-06-30 01313420 d:OfficeEquipment 2023-06-30 01313420 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01313420 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 01313420 d:ComputerEquipment 2023-07-01 2024-06-30 01313420 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01313420 d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 01313420 d:CurrentFinancialInstruments 2024-06-30 01313420 d:CurrentFinancialInstruments 2023-06-30 01313420 d:Non-currentFinancialInstruments 2024-06-30 01313420 d:Non-currentFinancialInstruments 2023-06-30 01313420 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 01313420 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 01313420 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 01313420 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 01313420 d:UKTax 2023-07-01 2024-06-30 01313420 d:UKTax 2022-07-01 2023-06-30 01313420 d:ShareCapital 2024-06-30 01313420 d:ShareCapital 2023-06-30 01313420 d:OtherMiscellaneousReserve 2024-06-30 01313420 d:OtherMiscellaneousReserve 2023-06-30 01313420 d:RetainedEarningsAccumulatedLosses 2024-06-30 01313420 d:RetainedEarningsAccumulatedLosses 2023-06-30 01313420 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 01313420 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 01313420 c:FRS102 2023-07-01 2024-06-30 01313420 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 01313420 c:FullAccounts 2023-07-01 2024-06-30 01313420 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01313420 d:WithinOneYear 2024-06-30 01313420 d:WithinOneYear 2023-06-30 01313420 d:BetweenOneFiveYears 2024-06-30 01313420 d:BetweenOneFiveYears 2023-06-30 01313420 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-06-30 01313420 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-30 01313420 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 01313420









ACRE JOINERY LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
ACRE JOINERY LIMITED
REGISTERED NUMBER: 01313420

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
32,047
40,067

Current assets
  

Stocks
 6 
45,361
44,783

Debtors: amounts falling due within one year
 7 
115,972
104,350

Cash at bank and in hand
  
94,147
94,167

  
255,480
243,300

Creditors: amounts falling due within one year
 8 
(197,264)
(111,028)

Net current assets
  
 
 
58,216
 
 
132,272

Total assets less current liabilities
  
90,263
172,339

Creditors: amounts falling due after more than one year
 9 
(20,780)
(33,260)

Provisions for liabilities
  

Deferred tax
 10 
(6,433)
(8,337)

Net assets
  
63,050
130,742


Capital and reserves
  

Called up share capital 
  
90
90

Other reserves
  
10
10

Profit and loss account
  
62,950
130,642

  
63,050
130,742

Page 1

 
ACRE JOINERY LIMITED
REGISTERED NUMBER: 01313420

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 February 2025.




................................................
D R Maeer
Director

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
ACRE JOINERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Acre Joinery Limited is a private company limited by shares, incorporated in England and Wales, with a company registration number of 01313420. The address of the registered office is Anglia House, 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, Norfolk, NR7 0HR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors consider that the resources available to the company will be sufficient for it to be able to continue as a going concern. The financial statements do not contain any adjustments that would be required if the company were not able to continue as a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ACRE JOINERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
ACRE JOINERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using straight line and reducing balance.

Depreciation is provided on the following basis:

Plant and machinery
-
range from 10-25% straight line basis
Motor vehicles
-
25% reducing balance basis
Computer equipment
-
25% reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 12).

Page 5

 
ACRE JOINERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
7,163
19,145

Adjustments in respect of previous periods
(22,146)
(21,936)


Total current tax
(14,983)
(2,791)

Deferred tax


Origination and reversal of timing differences
(1,904)
2,053


Taxation on loss on ordinary activities
(16,887)
(738)

Factors affecting tax charge for the year

On 24 May 2021 the Finance Bill 2021 was substantively enacted resulting in the main rate of corporation tax increasing to 25% on 1 April 2023 (2023 - 19%).


Page 6

 
ACRE JOINERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
153,686
25,850
19,583
7,530
206,649


Additions
-
-
1,282
-
1,282



At 30 June 2024

153,686
25,850
20,865
7,530
207,931



Depreciation


At 1 July 2023
120,945
23,850
14,257
7,530
166,582


Charge for the year on owned assets
3,802
2,000
1,950
-
7,752


Charge for the year on financed assets
1,550
-
-
-
1,550



At 30 June 2024

126,297
25,850
16,207
7,530
175,884



Net book value



At 30 June 2024
27,389
-
4,658
-
32,047



At 30 June 2023
32,741
2,000
5,326
-
40,067

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
13,304
22,666


6.


Stocks

2024
2023
£
£

Raw materials and consumables
45,361
44,783



7.


Debtors

2024
2023
£
£


Trade debtors
75,472
47,575
Page 7

 
ACRE JOINERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.Debtors (continued)


Amounts owed by group undertakings
25,000
35,000

Other debtors
27
-

Prepayments and accrued income
2,445
2,127

Amounts recoverable on long-term contracts
13,028
19,648

115,972
104,350



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Payments received on account
77,517
23,069

Trade creditors
61,172
20,069

Corporation tax
7,172
19,154

Other taxation and social security
33,804
30,044

Obligations under finance lease and hire purchase contracts
2,480
3,455

Other creditors
1,459
969

Accruals and deferred income
3,660
4,268

197,264
111,028



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
14,167
24,167

Net obligations under finance leases and hire purchase contracts
6,613
9,093

20,780
33,260


The following liabilities were secured:




Details of security provided:

Secured creditors
The total amount of creditors for which security has been given amounted to £33,260, (2023 - £46,715). Finance leases and hire purchase contracts are secured on the assets financed. Bank loans and overdrafts are secured by way of floating charge over the company's assets.

Page 8

 
ACRE JOINERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Deferred taxation




2024


£






At beginning of year
8,337


Charged to profit or loss
(1,904)



At end of year
6,433

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
6,433
8,337


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £5,033, (2023 - £5,398). Contributions totalling £1,459 (2023 - £969) were payable to the fund at the balance sheet date and are included in creditors.


12.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
4,878
-

Later than 1 year and not later than 5 years
6,878
-

11,756
-


13.


Controlling party

The company's ultimate controlling party is Chelsea Joinery Limited.

Page 9