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REGISTERED NUMBER: 03724243 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Acorn Lighting Services Limited

Acorn Lighting Services Limited (Registered number: 03724243)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Acorn Lighting Services Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr W P Mccabe
Mr G F Mccabe
Mr P D Sanderson





REGISTERED OFFICE: Selby Business Park
Unit 11
Oakney Wood Road
Selby
North Yorkshire
YO8 8LZ





REGISTERED NUMBER: 03724243 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Acorn Lighting Services Limited (Registered number: 03724243)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 124,275 88,957
124,275 88,957

CURRENT ASSETS
Stocks 6 4,350 4,350
Debtors 7 741,339 582,365
Cash at bank and in hand 32,095 18,240
777,784 604,955
CREDITORS
Amounts falling due within one year 8 608,552 610,155
NET CURRENT ASSETS/(LIABILITIES) 169,232 (5,200 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,507

83,757

CREDITORS
Amounts falling due after more than one
year

9

(35,710

)

(58,939

)

PROVISIONS FOR LIABILITIES (31,069 ) (19,401 )
NET ASSETS 226,728 5,417

CAPITAL AND RESERVES
Called up share capital 80 80
Retained earnings 226,648 5,337
SHAREHOLDERS' FUNDS 226,728 5,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Acorn Lighting Services Limited (Registered number: 03724243)

Balance Sheet - continued
31 August 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by:




Mr W P Mccabe - Director Mr G F Mccabe - Director




Mr P D Sanderson - Director


Acorn Lighting Services Limited (Registered number: 03724243)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Acorn Lighting Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Acorn Lighting Services Limited (Registered number: 03724243)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 September 2023
and 31 August 2024 15,000
AMORTISATION
At 1 September 2023
and 31 August 2024 15,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

Acorn Lighting Services Limited (Registered number: 03724243)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 September 2023 18,188 17,630 165,220 2,495 203,533
Additions 255 1,442 72,262 1,013 74,972
Disposals - - (33,412 ) (583 ) (33,995 )
At 31 August 2024 18,443 19,072 204,070 2,925 244,510
DEPRECIATION
At 1 September 2023 14,249 9,650 89,724 953 114,576
Charge for year 1,011 2,343 17,154 416 20,924
Eliminated on disposal - - (15,010 ) (255 ) (15,265 )
At 31 August 2024 15,260 11,993 91,868 1,114 120,235
NET BOOK VALUE
At 31 August 2024 3,183 7,079 112,202 1,811 124,275
At 31 August 2023 3,939 7,980 75,496 1,542 88,957

Included within the net book value is £32,120 (2023 - £46,246), which relates to assets held under hire purchase agreements. The depreciation charge to the financial statements in the year in respect of such assets amounted to £8,057 (2023 - £15,110).

6. STOCKS
31.8.24 31.8.23
£ £
Stocks 1,350 1,350
Work-in-progress 3,000 3,000
4,350 4,350

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£ £
Trade debtors 147,721 101,156
Amounts owed by associates 528,171 446,800
Other debtors 9,079 9,000
PAYE repayable - 9,575
Tax 30,113 -
Prepayments 26,255 15,834
741,339 582,365

Acorn Lighting Services Limited (Registered number: 03724243)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£ £
Bank loans and overdrafts (see note 10) 10,255 10,000
Hire purchase contracts (see note 11) 16,431 25,324
Trade creditors 128,121 74,282
Bills of exchange payable 82,014 67,811
Amounts owed to associates - 72,447
Tax 191,396 170,218
VAT 171,038 134,425
Other creditors - 43,366
Pension fund - 586
Credit card 8,783 11,468
Accrued expenses 514 228
608,552 610,155

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£ £
Bank loans (see note 10) 10,510 20,765
Hire purchase contracts (see note 11) 25,200 38,174
35,710 58,939

10. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£ £
Amounts falling due within one year or on demand:
Bank loans 10,255 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,510 10,255

Amounts falling due between two and five years:
Bank loans - 2-5 years - 10,510

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.8.24 31.8.23
£ £
Net obligations repayable:
Within one year 16,431 25,324
Between one and five years 25,200 38,174
41,631 63,498

Acorn Lighting Services Limited (Registered number: 03724243)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

11. LEASING AGREEMENTS - continued

Non-cancellable
operating leases
31.8.24 31.8.23
£ £
Within one year 17,000 17,000
Between one and five years 36,833 53,833
53,833 70,833

12. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£ £
Bank loans 20,765 30,765
Hire purchase contracts 41,631 63,498
62,396 94,263

13. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £422,866 (2023 - £446,800) from PGW Holdings Limited. PGW Holdings Limited owns 92.50% of the shares in Acorn Lighting Services Limited.

At the balance sheet date the company was owed £105,305 (2023 - owed £72,447 to Acorn Festive Lights) from Acorn Festive Lights Limited. Mr W P McCabe, Mr G F McCabe and Mr P D Sanderson, directors of Acorn Lighting Services Limited, are also directors of Acorn Festive Lights Limited.

14. ULTIMATE CONTROLLING PARTY

The controlling party is PGW Holdings Limited.

The ultimate controlling party is Mr P D Sanderson.