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Registered number: 07698182
ACUURA LIMITED
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07698182
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 18,272 20,246
Investments 6 25,200 25,200
43,472 45,446
CURRENT ASSETS
Debtors 7 580,661 578,524
Cash at bank and in hand 1,418,500 1,054,530
1,999,161 1,633,054
Creditors: Amounts Falling Due Within One Year 8 (276,833 ) (213,428 )
NET CURRENT ASSETS (LIABILITIES) 1,722,328 1,419,626
TOTAL ASSETS LESS CURRENT LIABILITIES 1,765,800 1,465,072
Creditors: Amounts Falling Due After More Than One Year 9 (8,238 ) (18,887 )
NET ASSETS 1,757,562 1,446,185
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 1,757,462 1,446,085
SHAREHOLDERS' FUNDS 1,757,562 1,446,185
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Anoop Sekhon
Director
28/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ACUURA LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 07698182 . The registered office is 10 The Mound, William Barefood Drive, London, SE9 3AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% NBV
Fixtures & Fittings 25% NBV
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
71 (2023: 66)
71 66
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 August 2023 37,000
As at 31 July 2024 37,000
Amortisation
As at 1 August 2023 37,000
As at 31 July 2024 37,000
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 9,157 59,135 68,292
Additions - 4,117 4,117
As at 31 July 2024 9,157 63,252 72,409
Depreciation
As at 1 August 2023 4,998 43,048 48,046
Provided during the period 1,040 5,051 6,091
As at 31 July 2024 6,038 48,099 54,137
Net Book Value
As at 31 July 2024 3,119 15,153 18,272
As at 1 August 2023 4,159 16,087 20,246
6. Investments
Other
£
Cost
As at 1 August 2023 25,200
As at 31 July 2024 25,200
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 25,200
As at 1 August 2023 25,200
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 194,988 179,534
Prepayments and accrued income 5,873 9,440
Other debtors 28,050 37,800
Amounts owed by subsidiaries 351,750 351,750
580,661 578,524
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,032 14,482
Bank loans and overdrafts 10,648 10,000
Corporation tax 104,287 55,981
Other taxes and social security 23,247 21,408
Net wages 91,276 83,627
Pension contributions 4,507 3,062
Accruals and deferred income 30,886 21,918
Director's loan account 2,950 2,950
276,833 213,428
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,238 18,887
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5