Registered number
12218910
Acer Services Limited
Filleted Accounts
30 September 2024
Acer Services Limited
Registered number: 12218910
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,560 2,194
Current assets
Debtors 4 68,093 77,060
Cash at bank and in hand 115,756 143,880
183,849 220,940
Creditors: amounts falling due within one year 5 (173,923) (193,579)
Net current assets 9,926 27,361
Net assets 15,486 29,555
Capital and reserves
Called up share capital 100 100
Profit and loss account 15,386 29,455
Shareholders' funds 15,486 29,555
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Oliver Burt
Director
Approved by the board on 15 December 2024
Acer Services Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of insurance premium tax and discounts, of the commissions and fees receivable, credit being taken as premiums are settled to the insurers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% written down value
Fixtures, fittings, tools and equipment 25% written down value
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 4,200
Additions 5,220
At 30 September 2024 9,420
Depreciation
At 1 October 2023 2,006
Charge for the year 1,854
At 30 September 2024 3,860
Net book value
At 30 September 2024 5,560
At 30 September 2023 2,194
4 Debtors 2024 2023
£ £
Trade debtors 63,593 74,560
Other debtors 4,500 2,500
68,093 77,060
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 151,084 170,274
Corporation tax 6,253 12,800
Other creditors 16,586 10,505
173,923 193,579
6 Other information
Acer Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Winterton House
High Street
Westerham
TN16 1AQ
Acer Services Limited 12218910 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts July 2024 Oliver Burt No description of principal activity 12218910 2022-10-01 2023-09-30 12218910 core:WithinOneYear 2023-09-30 12218910 core:ShareCapital 2023-09-30 12218910 core:RetainedEarningsAccumulatedLosses 2023-09-30 12218910 2023-10-01 2024-09-30 12218910 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12218910 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12218910 bus:Director40 2023-10-01 2024-09-30 12218910 core:PlantMachinery 2023-10-01 2024-09-30 12218910 countries:England 2023-10-01 2024-09-30 12218910 bus:FRS102 2023-10-01 2024-09-30 12218910 bus:FilletedAccounts 2023-10-01 2024-09-30 12218910 2024-09-30 12218910 core:WithinOneYear 2024-09-30 12218910 core:ShareCapital 2024-09-30 12218910 core:RetainedEarningsAccumulatedLosses 2024-09-30 12218910 core:PlantMachinery 2024-09-30 12218910 2023-09-30 12218910 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure