ACORN INDUSTRIAL COMPONENTS LIMITED

Company Registration Number:
01441238 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

ACORN INDUSTRIAL COMPONENTS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Notes

ACORN INDUSTRIAL COMPONENTS LIMITED

Balance sheet

As at 30 September 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 11,426 14,392
Tangible assets: 4 135,019 201,826
Total fixed assets: 146,445 216,218
Current assets
Stocks: 734,844 680,589
Debtors:   813,502 1,164,033
Cash at bank and in hand: 229 108,076
Total current assets: 1,548,575 1,952,698
Creditors: amounts falling due within one year:   (1,180,441) (1,626,733)
Net current assets (liabilities): 368,134 325,965
Total assets less current liabilities: 514,579 542,183
Creditors: amounts falling due after more than one year:   (39,646) (110,459)
Total net assets (liabilities): 474,933 431,724
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 473,933 430,724
Shareholders funds: 474,933 431,724

The notes form part of these financial statements

ACORN INDUSTRIAL COMPONENTS LIMITED

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 May 2025
and signed on behalf of the board by:

Name: Christopher Till
Status: Director

The notes form part of these financial statements

ACORN INDUSTRIAL COMPONENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of the Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives, or the lease term of the finance lease if shorter, on the following leases: Leasehold - Straight Line over the period of the lease Motor Vehicles - Straight Line over each Asset's useful life, or Finance Lease if shorter Fixtures & Fittings - Straight Line over each Asset's useful life, or Finance Lease if shorter Computer Equipment - Straight Line over each Asset's useful life, or Finance Lease if shorter

Intangible fixed assets and amortisation policy

Intangible fixed assets are stated at cost less amortisation. Amortisation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives, or the lease term of the finance lease if shorter, on the following bases: Software - Straight Line over each Asset's useful life, or Finance Lease if shorter

Valuation and information policy

Stock and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

ACORN INDUSTRIAL COMPONENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

2. Employees

2024 2023
Average number of employees during the period 21 21

ACORN INDUSTRIAL COMPONENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Intangible Assets

Total
Cost £
At 01 October 2023 19,308
At 30 September 2024 19,308
Amortisation
At 01 October 2023 4,916
Charge for year 2,966
At 30 September 2024 7,882
Net book value
At 30 September 2024 11,426
At 30 September 2023 14,392

ACORN INDUSTRIAL COMPONENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Tangible Assets

Total
Cost £
At 01 October 2023 752,951
Additions 30,337
Disposals (50,483)
At 30 September 2024 732,805
Depreciation
At 01 October 2023 551,125
Charge for year 59,978
On disposals (13,317)
At 30 September 2024 597,786
Net book value
At 30 September 2024 135,019
At 30 September 2023 201,826