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REGISTERED NUMBER: 03528962 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

ACL HOMES PLUS LIMITED

ACL HOMES PLUS LIMITED (REGISTERED NUMBER: 03528962)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACL HOMES PLUS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: M G Ing
Mrs D C Hibbin



REGISTERED OFFICE: 22-24 Christchurch Road
FOLKESTONE
Kent
CT20 2SL



REGISTERED NUMBER: 03528962 (England and Wales)



ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL



BANKERS: HSBC Bank plc
41 Sandgate Road
FOLKESTONE
Kent
CT20 1SA

ACL HOMES PLUS LIMITED (REGISTERED NUMBER: 03528962)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,150,956 2,114,079
2,150,956 2,114,079

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 6 815,700 808,528
Cash at bank 160,980 218,135
979,180 1,029,163
CREDITORS
Amounts falling due within one year 7 343,972 393,940
NET CURRENT ASSETS 635,208 635,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,786,164

2,749,302

CREDITORS
Amounts falling due after more than one
year

8

(1,429,421

)

(1,492,008

)

PROVISIONS FOR LIABILITIES (43,511 ) (41,817 )
NET ASSETS 1,313,232 1,215,477

CAPITAL AND RESERVES
Called up share capital 11 300 300
Revaluation reserve 398,094 398,094
Capital redemption reserve 100 100
Retained earnings 914,738 816,983
SHAREHOLDERS' FUNDS 1,313,232 1,215,477

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

ACL HOMES PLUS LIMITED (REGISTERED NUMBER: 03528962)

BALANCE SHEET - continued
30 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





M G Ing - Director


ACL HOMES PLUS LIMITED (REGISTERED NUMBER: 03528962)

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

1. STATUTORY INFORMATION

ACL Homes Plus 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services excluding value added tax.


Goodwill
Goodwill of £30,000, acquired in 1999, is now fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

No depreciation has been provided on freehold buildings. The company is required to maintain the buildings to a high standard and such maintenance ensures that any difference between cost and anticipated residual value at the end of their estimated useful life is not material.

Stocks
Stock is estimated by the directors 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 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
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.

ACL HOMES PLUS LIMITED (REGISTERED NUMBER: 03528962)

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

2. ACCOUNTING POLICIES - continued

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 36 (2023 - 37 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 30,000
AMORTISATION
At 1 July 2023
and 30 June 2024 30,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 July 2023 2,071,073 161,207 27,555 2,259,835
Additions 30,914 15,038 - 45,952
At 30 June 2024 2,101,987 176,245 27,555 2,305,787
DEPRECIATION
At 1 July 2023 - 121,878 23,878 145,756
Charge for year - 8,155 920 9,075
At 30 June 2024 - 130,033 24,798 154,831
NET BOOK VALUE
At 30 June 2024 2,101,987 46,212 2,757 2,150,956
At 30 June 2023 2,071,073 39,329 3,677 2,114,079

ACL HOMES PLUS LIMITED (REGISTERED NUMBER: 03528962)

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

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2024 is represented by:

Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
Valuation in 2018 432,546 - - 432,546
Cost 1,669,441 176,245 27,555 1,873,241
2,101,987 176,245 27,555 2,305,787

If Freehold Property had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,669,441 1,638,527

Freehold land and buildings were valued on an open market basis on 20 June 2018 by the directors .


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,564 14,595
Amounts owed by participating interests 794,874 789,702
Prepayments 3,262 4,231
815,700 808,528

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 150,779 131,287
Trade creditors 58,722 70,252
Tax 76,148 72,167
Social security and other taxes 8,738 6,622
Other creditors 13,651 24,574
Director's current account 35,934 89,038
343,972 393,940

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 150,779 131,287
Bank loans - 2-5 years 564,905 495,459
Bank loans more 5 years 713,737 865,262
1,429,421 1,492,008

ACL HOMES PLUS LIMITED (REGISTERED NUMBER: 03528962)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 years 713,737 865,262

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 48,875 47,080
Between one and five years 47,338 79,996
96,213 127,076

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,554,331 1,587,462

The above bank borrowings are secured by way of fixed and floating charges over the assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary £1 300 300