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REGISTERED NUMBER: SC215063 (Scotland)















Unaudited Financial Statements for the Year Ended 30th June 2024

for

Acorn Signs Limited

Acorn Signs Limited (Registered number: SC215063)

Contents of the Financial Statements
for the year ended 30th June 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Acorn Signs Limited

Company Information
for the year ended 30th June 2024







Directors: J S Goodwin
M Harper





Secretary: F Maclennan





Registered office: Units 1-2
42 Harbour Road
Inverness
IV1 1UF





Registered number: SC215063 (Scotland)






Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Acorn Signs Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Acorn Signs Limited for the year ended 30th June 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Acorn Signs Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Acorn Signs Limited and state those matters that we have agreed to state to the Board of Directors of Acorn Signs Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Acorn Signs Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Acorn Signs Limited. You consider that Acorn Signs Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Acorn Signs Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.








25th March 2025

Acorn Signs Limited (Registered number: SC215063)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 100,941 116,156

Current assets
Stocks 66,290 72,185
Debtors 5 231,247 247,445
Cash at bank 352,197 229,591
649,734 549,221
Creditors
Amounts falling due within one year 6 244,318 201,405
Net current assets 405,416 347,816
Total assets less current liabilities 506,357 463,972

Creditors
Amounts falling due after more than one year 7 (51,425 ) (57,511 )

Provisions for liabilities (12,187 ) (12,187 )
Net assets 442,745 394,274

Capital and reserves
Called up share capital 250 250
Share premium 9,950 9,950
Retained earnings 432,545 384,074
442,745 394,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 Signs Limited (Registered number: SC215063)

Balance Sheet - continued
30th June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th March 2025 and were signed on its behalf by:





J S Goodwin - Director


Acorn Signs Limited (Registered number: SC215063)

Notes to the Financial Statements
for the year ended 30th June 2024


1. Statutory information

Acorn Signs Limited is a private company, limited by shares , registered in Scotland. 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.

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, etc - Straight line over 2-10 years

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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.

Acorn Signs Limited (Registered number: SC215063)

Notes to the Financial Statements - continued
for the year ended 30th June 2024


2. Accounting policies - continued

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.

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3. Employees and directors

The average number of employees during the year was 18 (2023 - 18 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1st July 2023 744,439
Additions 28,420
At 30th June 2024 772,859
Depreciation
At 1st July 2023 628,283
Charge for year 43,635
At 30th June 2024 671,918
Net book value
At 30th June 2024 100,941
At 30th June 2023 116,156

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 205,671 176,328
Other debtors 25,576 71,117
231,247 247,445

Acorn Signs Limited (Registered number: SC215063)

Notes to the Financial Statements - continued
for the year ended 30th June 2024


6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,225 9,973
Hire purchase contracts 15,020 14,187
Trade creditors 80,392 70,484
Taxation and social security 101,699 71,607
Other creditors 36,982 35,154
244,318 201,405

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 11,373 21,606
Hire purchase contracts 40,052 35,905
51,425 57,511

8. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30th June 2024 and 30th June 2023:

2024 2023
£    £   
J S Goodwin
Balance outstanding at start of year - 15,000
Amounts repaid - (15,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -