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REGISTERED NUMBER: 06928514 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

AC-SYS LIMITED

AC-SYS LIMITED (REGISTERED NUMBER: 06928514)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


AC-SYS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: M Withe





REGISTERED OFFICE: 5 Valencia Court
Normanton Industrial Estate
Normanton
West Yorkshire
WF6 1SB





REGISTERED NUMBER: 06928514 (England and Wales)





ACCOUNTANTS: K L King Accountants
Chartered Accountants
39 Kirkby Road
Hemsworth
Pontefract
West Yorkshire
WF9 4BA

AC-SYS LIMITED (REGISTERED NUMBER: 06928514)

ABRIDGED BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 28,635 36,394

CURRENT ASSETS
Debtors 140,220 71,005
Cash at bank 590,053 474,930
730,273 545,935
CREDITORS
Amounts falling due within one year 148,693 53,265
NET CURRENT ASSETS 581,580 492,670
TOTAL ASSETS LESS CURRENT
LIABILITIES

610,215

529,064

PROVISIONS FOR LIABILITIES 5,921 7,587
NET ASSETS 604,294 521,477

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 604,194 521,377
SHAREHOLDERS' FUNDS 604,294 521,477

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 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.

AC-SYS LIMITED (REGISTERED NUMBER: 06928514)

ABRIDGED 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 April 2025 and were signed by:





M Withe - Director


AC-SYS LIMITED (REGISTERED NUMBER: 06928514)

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


1. STATUTORY INFORMATION

AC-SYS 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. 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 2 (2023 - 2 ) .

AC-SYS LIMITED (REGISTERED NUMBER: 06928514)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 58,962
DEPRECIATION
At 1 July 2023 22,568
Charge for year 7,759
At 30 June 2024 30,327
NET BOOK VALUE
At 30 June 2024 28,635
At 30 June 2023 36,394

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

30.6.24 30.6.23
£    £   
M Withe
Balance outstanding at start of year (12,322 ) (14,826 )
Amounts advanced 185,685 35,374
Amounts repaid (73,765 ) (32,870 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 99,598 (12,322 )

During the year, the director paid interest to the company of £2,019 (2023: £NIL) in respect of his loan.

7. ULTIMATE CONTROLLING PARTY

The controlling party is M Withe.

8. ULTIMATE HOLDING COMPANY

On 1 June 2019, the company became a wholly owned subsidiary of M3W Holdings Ltd, a company incorporated in England.