Company registration number 07049732 (England and Wales)
ACORN BUYING AND MARKETING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ACORN BUYING AND MARKETING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ACORN BUYING AND MARKETING LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
1,792
7,635
Cash at bank and in hand
42
1,981
1,834
9,616
Creditors: amounts falling due within one year
4
(1,330)
(9,952)
Net current assets/(liabilities)
504
(336)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
503
(337)
Total equity
504
(336)

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 7 May 2025 and are signed on its behalf by:
T Cox
Director
Company registration number 07049732 (England and Wales)
ACORN BUYING AND MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Acorn Buying and Marketing Limited is a private company limited by shares incorporated in England and Wales. The registered office is Richmond House, 570-572 Etruria Road, Newcastle-Under-Lyme, Staffordshire, ST5 0SU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

During the year ended 31 December 2024, the company has ceased to trade. As a result of this the directors have concluded that the financial statements should not be prepared on a going concern basis and assets and liabilities have been measured at their estimated net realisable value.true

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 

Revenue is recognised as the company becomes entitled to consideration for services supplied.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ACORN BUYING AND MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
7,635
Other debtors
1,792
-
0
1,792
7,635
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
7,635
Amounts owed to group undertakings
-
0
987
Other creditors
1,330
1,330
1,330
9,952

Amounts owed to group undertakings are interest free, have no fixed date of repayment and are repayable upon demand.

5
Related party transactions

The company has taken advantage of the reduced disclosure exemption available under Financial Reporting Standard 102 relating to the disclosure of related party transactions between wholly owned group companies.

 

No other transactions with related parties were undertaken such as are required to be disclosed Financial Reporting Standard 102.

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