REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 February 2024 to 31 July 2024 |
for |
ACORN WAREHOUSE SOLUTIONS LTD |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 February 2024 to 31 July 2024 |
for |
ACORN WAREHOUSE SOLUTIONS LTD |
ACORN WAREHOUSE SOLUTIONS LTD (REGISTERED NUMBER: 05866480) |
Contents of the Financial Statements |
FOR THE PERIOD 1 FEBRUARY 2024 TO 31 JULY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ACORN WAREHOUSE SOLUTIONS LTD |
Company Information |
FOR THE PERIOD 1 FEBRUARY 2024 TO 31 JULY 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Bryant House |
Bryant Road |
Strood |
Rochester |
Kent |
ME2 3EW |
ACORN WAREHOUSE SOLUTIONS LTD (REGISTERED NUMBER: 05866480) |
Balance Sheet |
31 JULY 2024 |
2024 | 2024 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Tangible assets | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The director acknowledges his 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 WAREHOUSE SOLUTIONS LTD (REGISTERED NUMBER: 05866480) |
Balance Sheet - continued |
31 JULY 2024 |
The financial statements were approved by the director and authorised for issue on |
ACORN WAREHOUSE SOLUTIONS LTD (REGISTERED NUMBER: 05866480) |
Notes to the Financial Statements |
FOR THE PERIOD 1 FEBRUARY 2024 TO 31 JULY 2024 |
1. | STATUTORY INFORMATION |
Acorn Warehouse Solutions Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared under the historical cost convention. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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 is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.The policies adopted for the recognition of turnover are as following: |
- Sale of goods |
Turnover from the sale of goods is recognised at the point of sale. |
- Rendering of services |
When providing day services, turnover is usually recognised on completion of the service and, for monthly engagements, it is recognised by reference to the stage of completion at the balance sheet date. |
Goodwill |
Goodwill, being the amount paid in connection with the purchase of a customer base in 2024, is being |
amortised evenly over its estimated useful life of ten years |
Tangible fixed assets |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
ACORN WAREHOUSE SOLUTIONS LTD (REGISTERED NUMBER: 05866480) |
Notes to the Financial Statements - continued |
FOR THE PERIOD 1 FEBRUARY 2024 TO 31 JULY 2024 |
3. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period 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. |
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 period 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. |
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. |
Employee benefits |
The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 5 months. The provision is measured at the salary cost payable for the period of absence. |
Financial instruments |
Basic financial assets/liabilities including trade and other receivables/payables, cash and bank balances, are initially recognised at transaction price unless the arrangement constitutes a financing transaction (loan over period of time) where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Such assets/liabilities are subsequently carried at amortised cost using the effective interest method. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
ACORN WAREHOUSE SOLUTIONS LTD (REGISTERED NUMBER: 05866480) |
Notes to the Financial Statements - continued |
FOR THE PERIOD 1 FEBRUARY 2024 TO 31 JULY 2024 |
5. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
Additions |
At 31 July 2024 |
AMORTISATION |
Charge for period |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
6. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 February 2024 |
Additions |
At 31 July 2024 |
DEPRECIATION |
At 1 February 2024 |
Charge for period |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 January 2024 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2024 |
£ | £ |
Trade debtors |
Other debtors |
ACORN WAREHOUSE SOLUTIONS LTD (REGISTERED NUMBER: 05866480) |
Notes to the Financial Statements - continued |
FOR THE PERIOD 1 FEBRUARY 2024 TO 31 JULY 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2024 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |