Company registration number 08544725 (England and Wales)
ACS Manufacturing & Supplies Ltd
Annual Report and
Unaudited Financial Statements
for the year ended 31 December 2024
PAGES FOR FILING WITH REGISTRAR
ACS Manufacturing & Supplies Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
ACS Manufacturing & Supplies Ltd
Statement Of Financial Position
as at 31 December 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
7,128
9,191
Current assets
Stocks
45,000
22,500
Debtors
25,325
15,667
Cash at bank and in hand
78,574
118,491
148,899
156,658
Creditors: amounts falling due within one year
(79,799)
(79,256)
Net current assets
69,100
77,402
Total assets less current liabilities
76,228
86,593
Creditors: amounts falling due after more than one year
(26,307)
(31,652)
Provisions for liabilities
5
(1,262)
(1,758)
Net assets
48,659
53,183
Capital and reserves
Called up share capital
75
75
Capital redemption reserve
50
50
Profit and loss reserves
48,534
53,058
Total equity
48,659
53,183
ACS Manufacturing & Supplies Ltd
Statement Of Financial Position (continued)
as at 31 December 2024
31 December 2024
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 7 August 2025 and are signed on its behalf by:
A C Shaw
Director
Company Registration No. 08544725
ACS Manufacturing & Supplies Ltd
Notes to the financial statements
for the year ended 31 December 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents amounts receivable for goods net of VAT and trade discounts and is recognised on supply of goods.
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 3 years.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
3 years straight line
Motor vehicles
25% reducing balance
Stocks
Stocks are stated at the lower of cost and net realisable value.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end 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 represent accumulated differences between the company's taxable profit and its financial profit arise primarily from the differences between the accelerated capital allowances and depreciation.
ACS Manufacturing & Supplies Ltd
Notes to the financial statements (continued)
for the year ended 31 December 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
3
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
480,000
Amortisation and impairment
At 1 January 2024 and 31 December 2024
480,000
Carrying amount
At 31 December 2024
At 31 December 2023
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2024
22,109
3,078
48,940
74,127
Additions
378
378
At 31 December 2024
22,109
3,456
48,940
74,505
Depreciation and impairment
At 1 January 2024
18,958
2,985
42,993
64,936
Depreciation charged in the year
783
171
1,487
2,441
At 31 December 2024
19,741
3,156
44,480
67,377
Carrying amount
At 31 December 2024
2,368
300
4,460
7,128
At 31 December 2023
3,151
93
5,947
9,191
ACS Manufacturing & Supplies Ltd
Notes to the financial statements (continued)
for the year ended 31 December 2024
- 5 -
5
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
1,262
1,758
6
Company information
ACS Manufacturing & Supplies Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 19GB, Ravenscliffe Mills, Ravenscliffe Road, Leeds, West Yorkshire, LS28 5RZ.