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REGISTERED NUMBER: 07764600 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

A C Booksellers Limited

A C Booksellers Limited (Registered number: 07764600)

Contents of the Financial Statements
for the year ended 30 September 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


A C Booksellers Limited

Company Information
for the year ended 30 September 2024







Director: Mrs R Cooke





Registered office: Unit 5B, Ramsden Road
Ramsden Road
Rotherwas Industrial Estate
Hereford
HR2 6LR





Registered number: 07764600 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

A C Booksellers Limited (Registered number: 07764600)

Abridged Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £    £   
FIXED ASSETS
Tangible assets 5 27,616 32,489

CURRENT ASSETS
Stocks 48,750 53,575
Debtors 101,611 168,194
Cash at bank and in hand 11,929 49,645
162,290 271,414
CREDITORS
Amounts falling due within one year (53,896 ) (63,768 )
NET CURRENT ASSETS 108,394 207,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,010

240,135

PROVISIONS FOR LIABILITIES (6,904 ) (8,122 )
NET ASSETS 129,106 232,013

CAPITAL AND RESERVES
Called up share capital 6 12 13
Share premium 7 124,998 199,997
Retained earnings 7 4,096 32,003
SHAREHOLDERS' FUNDS 129,106 232,013

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

A C Booksellers Limited (Registered number: 07764600)

Abridged Balance Sheet - continued
30 September 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 January 2025 and were signed by:





Mrs R Cooke - Director


A C Booksellers Limited (Registered number: 07764600)

Notes to the Financial Statements
for the year ended 30 September 2024


1. STATUTORY INFORMATION

A C Booksellers 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance

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 Profit and Loss Account, 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.

Financial instruments
Ordinary shares are classified as equity. Dividends payable on ordinary shares are recognised in equity in the period in which they are declared. The transaction costs of an equity transaction, other than in the context of a business combination, are accounted for as a deduction from equity, net of tax.

A C Booksellers Limited (Registered number: 07764600)

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


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
Cost
At 1 October 2023
and 30 September 2024 101,470
Depreciation
At 1 October 2023 68,981
Charge for year 4,873
At 30 September 2024 73,854
Net book value
At 30 September 2024 27,616
At 30 September 2023 32,489

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/24 30/9/23
value: £    £   
1,000 Ordinary 0.01 10 10

Allotted and issued:
Number: Class: Nominal 30/9/24 30/9/23
value: £    £   
198 Ordinary B shares 0.01 2 3

7. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 October 2023 32,003 199,997 232,000
Profit for the year 8,093 8,093
Dividends (36,000 ) (36,000 )
Cash share issue - (75,000 ) (75,000 )
No description - 1 1
At 30 September 2024 4,096 124,998 129,094