| REGISTERED NUMBER: |
| ACMI UK LIMITED |
| Financial Statements for the Year Ended 31 December 2024 |
| REGISTERED NUMBER: |
| ACMI UK LIMITED |
| Financial Statements for the Year Ended 31 December 2024 |
| ACMI UK LIMITED (REGISTERED NUMBER: 04189563) |
| Contents of the Financial Statements |
| for the year ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 6 |
| ACMI UK LIMITED |
| Company Information |
| for the year ended 31 December 2024 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Auditors: |
| Thorneloe House |
| 25 Barbourne Road |
| Worcester |
| WR1 1RU |
| ACMI UK LIMITED (REGISTERED NUMBER: 04189563) |
| Statement of Financial Position |
| 31 December 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital |
| Retained earnings |
| Shareholders' funds |
| ACMI UK LIMITED (REGISTERED NUMBER: 04189563) |
| Statement of Financial Position - continued |
| 31 December 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ACMI UK LIMITED (REGISTERED NUMBER: 04189563) |
| Notes to the Financial Statements |
| for the year ended 31 December 2024 |
| 1. | Statutory information |
| ACMI UK Limited is a |
| 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. |
| Going Concern |
| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future having reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
| Turnover |
| Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised on completion of installation work, at point of delivery of servicing work, and sales commission calculated on value of sales of equipment despatched during the year. |
| Tangible fixed assets |
| Tangible fixed assets are included at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Fixtures and fittings | - | 25% on reducing balance |
| Motor vehicles | - | 25% on reducing balance |
| Computer equipment | - | 33% on cost |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| ACMI UK LIMITED (REGISTERED NUMBER: 04189563) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 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. |
| Financial instruments |
| The company only enters into basic financial instrument transactions that result in recognition of financial assets and liabilities such as trade debtors and creditors, bank loans and loans with related parties. |
| All financial assets and liabilities are measured at transaction price and subsequently measured at amortised costs. |
| For financial assets measured at cost less impairment the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 January 2024 |
| Additions |
| At 31 December 2024 |
| Depreciation |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| Net book value |
| At 31 December 2024 |
| At 31 December 2023 |
| 5. | Debtors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Contracts due for completion | - | 319,158 |
| Amounts owed by group undertakings |
| Tax |
| Deferred tax asset |
| Accrued income |
| Prepayments |
| ACMI UK LIMITED (REGISTERED NUMBER: 04189563) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 6. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Corporation tax |
| Social security and other taxes |
| Pension | 2,270 | 2,025 |
| VAT | 99,045 | 154,581 |
| Other creditors | 2,036 | 4,478 |
| Accrued expenses |
| Deferred Income | 32,857 | 119,858 |
| 7. | Leasing agreements |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2024 | 2023 |
| £ | £ |
| Within one year |
| Between one and five years |
| 8. | Disclosure under Section 444(5B) of the Companies Act 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 9. | Related party disclosures |
| During the year purchases of £1,144,276 (2023: £1,504,920) and sales of £350,758 (2023: £249,920 ) accrued between ACMI UK Limited and a related company. |
| Amounts owed to this related company at the year end were £60,847 (2023: £489,486) and included in trade creditors. |
| Amounts owed by this related company at the year end were £37,453 (2023: £198,627) and included in trade debtors, contracts due for completion and accrued income. |
| 10. | Parent company |
| The parent company of the smallest group for which consolidated financial statements are drawn up in is ACMI SPA . The registered office of ACMI SPA is Via G. Di Vittorio 60 - 43045 Fornovo Taro, Parma, Italy. |