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REGISTERED NUMBER: 05573284 (England and Wales)















Acorn Engineering (Holbeach) Limited

Unaudited Financial Statements for the Year Ended 31 October 2024






Acorn Engineering (Holbeach) Limited (Registered number: 05573284)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Acorn Engineering (Holbeach) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: A Cranfield





REGISTERED OFFICE: Abingdon Works
Sluice Farm
Holbeach St Marks
Spalding
Lincolnshire
PE12 8HF





REGISTERED NUMBER: 05573284 (England and Wales)





ACCOUNTANTS: Salway and Wright
22 Church Street
Holbeach
Lincolnshire
PE12 7LL

Acorn Engineering (Holbeach) Limited (Registered number: 05573284)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 297,547 252,399
297,547 252,399

CURRENT ASSETS
Stocks 9,270 9,270
Debtors 6 166,259 319,682
Cash at bank 461,358 177,938
636,887 506,890
CREDITORS
Amounts falling due within one year 7 584,015 408,567
NET CURRENT ASSETS 52,872 98,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

350,419

350,722

PROVISIONS FOR LIABILITIES 6,900 6,900
NET ASSETS 343,519 343,822

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 343,419 343,722
343,519 343,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Acorn Engineering (Holbeach) Limited (Registered number: 05573284)

Balance Sheet - continued
31 October 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 director and authorised for issue on 14 July 2025 and were signed by:





A Cranfield - Director


Acorn Engineering (Holbeach) Limited (Registered number: 05573284)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Acorn Engineering (Holbeach) 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Acorn Engineering (Holbeach) Limited (Registered number: 05573284)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023 40,000
Disposals (40,000 )
At 31 October 2024 -
AMORTISATION
At 1 November 2023 40,000
Eliminated on disposal (40,000 )
At 31 October 2024 -
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 November 2023 133,978 45,780 218,789 398,547
Additions - 91,030 - 91,030
At 31 October 2024 133,978 136,810 218,789 489,577
DEPRECIATION
At 1 November 2023 - 44,213 101,935 146,148
Charge for year - 16,668 29,214 45,882
At 31 October 2024 - 60,881 131,149 192,030
NET BOOK VALUE
At 31 October 2024 133,978 75,929 87,640 297,547
At 31 October 2023 133,978 1,567 116,854 252,399

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 166,259 319,682

Acorn Engineering (Holbeach) Limited (Registered number: 05573284)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 67,650 96,893
Trade creditors 133,018 99,893
Taxation and social security 104,627 68,582
Other creditors 278,720 143,199
584,015 408,567