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REGISTERED NUMBER: 09247942 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

ACRE SKIPS LTD

ACRE SKIPS LTD (REGISTERED NUMBER: 09247942)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ACRE SKIPS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: N Kalam





REGISTERED OFFICE: 77 Milson Road
West Kensington
London
W14 0LH





REGISTERED NUMBER: 09247942 (England and Wales)





ACCOUNTANTS: Murugesu Associates
Accountants
77 Milson Road
West Kensington
London
W14 0LH

ACRE SKIPS LTD (REGISTERED NUMBER: 09247942)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 255,679 192,092

CURRENT ASSETS
Stocks 21,000 22,000
Debtors 5 240,333 225,032
Cash at bank and in hand 71,250 17,085
332,583 264,117
CREDITORS
Amounts falling due within one year 6 206,382 217,796
NET CURRENT ASSETS 126,201 46,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

381,880

238,413

CREDITORS
Amounts falling due after more than one year 7 40,000 22,000
NET ASSETS 341,880 216,413

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 341,879 216,412
SHAREHOLDERS' FUNDS 341,880 216,413

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 director and authorised for issue on 3 April 2025 and were signed by:





N Kalam - Director


ACRE SKIPS LTD (REGISTERED NUMBER: 09247942)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Acre Skips Ltd 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 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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

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 17 (2023 - 15 ) .

ACRE SKIPS LTD (REGISTERED NUMBER: 09247942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2023 452,808 1,490 454,298
Additions 178,500 - 178,500
Disposals (77,500 ) - (77,500 )
At 31 October 2024 553,808 1,490 555,298
DEPRECIATION
At 1 November 2023 261,833 373 262,206
Charge for year 85,402 279 85,681
Eliminated on disposal (48,268 ) - (48,268 )
At 31 October 2024 298,967 652 299,619
NET BOOK VALUE
At 31 October 2024 254,841 838 255,679
At 31 October 2023 190,975 1,117 192,092

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 240,333 225,032

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Net wages payable 17,298 15,000
Trade creditors 70,996 133,352
Tax 16,578 -
Social security and other taxes 4,604 2,858
VAT 18,915 9,507
Other creditors 20,045 87
Directors' current accounts 57,946 56,992
206,382 217,796

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans - 2-5 years 40,000 22,000