2 3 Acra Screed Limited 05582982 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is the manufacture of cement. Digita Accounts Production Advanced 6.30.9574.0 true 05582982 2023-11-01 2024-10-31 05582982 2024-10-31 05582982 bus:OrdinaryShareClass1 2024-10-31 05582982 core:CurrentFinancialInstruments 2024-10-31 05582982 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 05582982 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 05582982 core:PatentsTrademarksLicencesConcessionsSimilar 2024-10-31 05582982 core:FurnitureFittingsToolsEquipment 2024-10-31 05582982 core:LandBuildings 2024-10-31 05582982 core:MotorVehicles 2024-10-31 05582982 bus:SmallEntities 2023-11-01 2024-10-31 05582982 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 05582982 bus:FilletedAccounts 2023-11-01 2024-10-31 05582982 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05582982 bus:RegisteredOffice 2023-11-01 2024-10-31 05582982 bus:CompanySecretaryDirector1 2023-11-01 2024-10-31 05582982 bus:Director2 2023-11-01 2024-10-31 05582982 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 05582982 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05582982 bus:Agent1 2023-11-01 2024-10-31 05582982 core:PatentsTrademarksLicencesConcessionsSimilar 2023-11-01 2024-10-31 05582982 core:ComputerEquipment 2023-11-01 2024-10-31 05582982 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 05582982 core:LandBuildings 2023-11-01 2024-10-31 05582982 core:MotorVehicles 2023-11-01 2024-10-31 05582982 core:PlantMachinery 2023-11-01 2024-10-31 05582982 countries:EnglandWales 2023-11-01 2024-10-31 05582982 2023-10-31 05582982 core:PatentsTrademarksLicencesConcessionsSimilar 2023-10-31 05582982 core:FurnitureFittingsToolsEquipment 2023-10-31 05582982 core:LandBuildings 2023-10-31 05582982 core:MotorVehicles 2023-10-31 05582982 2022-11-01 2023-10-31 05582982 2023-10-31 05582982 bus:OrdinaryShareClass1 2023-10-31 05582982 core:CurrentFinancialInstruments 2023-10-31 05582982 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 05582982 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 05582982 core:PatentsTrademarksLicencesConcessionsSimilar 2023-10-31 05582982 core:FurnitureFittingsToolsEquipment 2023-10-31 05582982 core:LandBuildings 2023-10-31 05582982 core:MotorVehicles 2023-10-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 05582982

Acra Screed Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Acra Screed Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Acra Screed Limited

Company Information

Directors

Ms Helen Owen

Mr Philip Graham Richards

Company secretary

Ms Helen Owen

Registered office

Pendle View Farm
Tosside
Skipton
BD23 4SJ

Accountants

Smith Butler
Accountants and Business AdvisersSapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX

 

Acra Screed Limited

(Registration number: 05582982)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

189

472

Tangible assets

5

359,115

384,077

 

359,304

384,549

Current assets

 

Stocks

6

17,500

7,500

Debtors

7

14,293

19,922

Cash at bank and in hand

 

18,767

42,976

 

50,560

70,398

Creditors: Amounts falling due within one year

8

(140,512)

(154,100)

Net current liabilities

 

(89,952)

(83,702)

Total assets less current liabilities

 

269,352

300,847

Creditors: Amounts falling due after more than one year

8

(71,854)

(90,967)

Provisions for liabilities

(21,036)

(24,753)

Net assets

 

176,462

185,127

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

176,362

185,027

Shareholders' funds

 

176,462

185,127

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Acra Screed Limited

(Registration number: 05582982)
Balance Sheet as at 31 October 2024

Approved and authorised by the Board on 22 February 2025 and signed on its behalf by:
 

.........................................
Ms Helen Owen
Company secretary and director

 

Acra Screed Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Pendle View Farm
Tosside
Skipton
BD23 4SJ

These financial statements were authorised for issue by the Board on 22 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Acra Screed Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and Buildngs

4% straight line & 2% straight line

Plant and Machinery

15% reducing balance

Computer Equipment

33% straight line

Motor Vehicles

25% reducing balance

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Patents and Licences

2% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Acra Screed Limited

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Acra Screed Limited

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

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 3).

 

Acra Screed Limited

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

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 November 2023

44,851

44,851

At 31 October 2024

44,851

44,851

Amortisation

At 1 November 2023

44,379

44,379

Amortisation charge

283

283

At 31 October 2024

44,662

44,662

Carrying amount

At 31 October 2024

189

189

At 31 October 2023

472

472

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

260,000

215,661

34,499

510,160

Additions

-

3,951

-

3,951

At 31 October 2024

260,000

219,612

34,499

514,111

Depreciation

At 1 November 2023

6,200

119,164

719

126,083

Charge for the year

5,400

15,068

8,445

28,913

At 31 October 2024

11,600

134,232

9,164

154,996

Carrying amount

At 31 October 2024

248,400

85,380

25,335

359,115

At 31 October 2023

253,800

96,497

33,780

384,077

 

Acra Screed Limited

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

Included within the net book value of land and buildings above is £240,000 (2023 - £245,000) in respect of freehold land and buildings and £8,400 (2023 - £8,800) in respect of long leasehold land and buildings.
 

6

Stocks

2024
£

2023
£

Other inventories

17,500

7,500

7

Debtors

Current

2024
£

2023
£

Trade debtors

12,820

12,259

Prepayments

467

781

Other debtors

1,006

6,882

 

14,293

19,922

 

Acra Screed Limited

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

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

19,113

20,921

Trade creditors

 

34,098

30,003

Taxation and social security

 

820

6,461

Accruals and deferred income

 

-

970

Other creditors

 

86,481

95,745

 

140,512

154,100

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

71,854

90,967

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100