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REGISTERED NUMBER: 04189563 (England and Wales)















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: G Magri
P Magri
S Unwin





Secretary: S Unwin





Registered office: Broomhall Business Centre
Broomhall Farm
Broomhall Lane
Worcester
Worcestershire
WR5 2NT





Registered number: 04189563 (England and Wales)





Auditors: Richards Sandy Audit Services Limited
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 9,169 13,291

Current assets
Stocks 33,303 -
Debtors 5 781,692 1,524,094
Cash at bank and in hand 648,202 495,081
1,463,197 2,019,175
Creditors
Amounts falling due within one year 6 250,608 907,684
Net current assets 1,212,589 1,111,491
Total assets less current liabilities 1,221,758 1,124,782

Capital and reserves
Called up share capital 5,000 5,000
Retained earnings 1,216,758 1,119,782
Shareholders' funds 1,221,758 1,124,782

ACMI UK LIMITED (REGISTERED NUMBER: 04189563)

Statement of Financial Position - continued
31 December 2024


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 Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:





S Unwin - Director


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 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.

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 9 (2023 - 8 ) .

4. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
Cost
At 1 January 2024 7,397 37,500 36,881 81,778
Additions 254 - - 254
At 31 December 2024 7,651 37,500 36,881 82,032
Depreciation
At 1 January 2024 6,934 28,601 32,952 68,487
Charge for year 179 2,225 1,972 4,376
At 31 December 2024 7,113 30,826 34,924 72,863
Net book value
At 31 December 2024 538 6,674 1,957 9,169
At 31 December 2023 463 8,899 3,929 13,291

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 717,586 1,120,792
Contracts due for completion - 319,158
Amounts owed by group undertakings 37,453 -
Tax 10,077 -
Deferred tax asset 10,317 10,115
Accrued income 1,051 69,536
Prepayments 5,208 4,493
781,692 1,524,094

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 3,338 491,567
Amounts owed to group undertakings 60,847 -
Corporation tax - 107,926
Social security and other taxes 13,905 15,504
Pension 2,270 2,025
VAT 99,045 154,581
Other creditors 2,036 4,478
Accrued expenses 36,310 11,745
Deferred Income 32,857 119,858
250,608 907,684

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 30,849 8,452
Between one and five years 56,976 405
87,825 8,857

8. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Robert Iestyn Richards FCA CTA FCCA (Senior Statutory Auditor)
for and on behalf of Richards Sandy Audit Services Limited

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.