BrightAccountsProduction v1.0.0 v1.0.0 2024-04-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is the provision of childcare facilities. 14 August 2025 NI602648 2025-03-31 NI602648 2024-03-31 NI602648 2023-03-31 NI602648 2024-04-01 2025-03-31 NI602648 2023-04-01 2024-03-31 NI602648 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI602648 uk-curr:PoundSterling 2024-04-01 2025-03-31 NI602648 uk-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 NI602648 uk-bus:FullAccounts 2024-04-01 2025-03-31 NI602648 uk-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 NI602648 uk-core:ShareCapital 2025-03-31 NI602648 uk-core:ShareCapital 2024-03-31 NI602648 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI602648 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI602648 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-03-31 NI602648 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI602648 uk-bus:FRS102 2024-04-01 2025-03-31 NI602648 uk-core:Goodwill 2024-04-01 2025-03-31 NI602648 uk-core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 NI602648 uk-core:MotorVehicles 2024-04-01 2025-03-31 NI602648 uk-core:Goodwill 2024-03-31 NI602648 uk-core:Goodwill 2025-03-31 NI602648 uk-core:CurrentFinancialInstruments 2025-03-31 NI602648 uk-core:CurrentFinancialInstruments 2024-03-31 NI602648 uk-core:WithinOneYear 2025-03-31 NI602648 uk-core:WithinOneYear 2024-03-31 NI602648 uk-core:WithinOneYear 2025-03-31 NI602648 uk-core:WithinOneYear 2024-03-31 NI602648 uk-core:BetweenOneTwoYears 2025-03-31 NI602648 uk-core:BetweenOneTwoYears 2024-03-31 NI602648 uk-core:BetweenTwoFiveYears 2025-03-31 NI602648 uk-core:BetweenTwoFiveYears 2024-03-31 NI602648 uk-core:OtherMiscellaneousReserve 2024-03-31 NI602648 uk-core:OtherMiscellaneousReserve 2024-04-01 2025-03-31 NI602648 uk-core:AcceleratedTaxDepreciationDeferredTax 2025-03-31 NI602648 uk-core:TaxLossesCarry-forwardsDeferredTax 2025-03-31 NI602648 uk-core:OtherDeferredTax 2025-03-31 NI602648 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2025-03-31 NI602648 uk-core:OtherMiscellaneousReserve 2025-03-31 NI602648 2024-04-01 2025-03-31 NI602648 uk-bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI602648
 
 
Acorns North Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 March 2025



Acorns North Limited

CHARTERED ACCOUNTANTS REPORT
to the Director on the Compilation of the unaudited financial statements of Acorns North Limited
for the financial year ended 31 March 2025
 
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 31 March 2025 as set out on pages  to 12 which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the director of Acorns North Limited, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Director that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its director for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Statement of Financial Position for the year ended 31 March 2025 your duty to ensure that Acorns North Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Acorns North Limited. You consider that Acorns North Limited is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of Acorns North Limited. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
 
 
 
__________________________________
QUARTER
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
Belfast
BT1 1PG
 
14 August 2025



Acorns North Limited
Company Registration Number: NI602648
STATEMENT OF FINANCIAL POSITION
as at 31 March 2025

2025 2024
Notes £ £
 
Non-Current Assets
Intangible assets 4 80,000 88,000
Property, plant and equipment 5 12,623 14,991
───────── ─────────
Non-Current Assets 92,623 102,991
───────── ─────────
 
Current Assets
Stocks 6 264 256
Debtors 7 21,847 15,335
Cash and cash equivalents 37,149 31,120
───────── ─────────
59,260 46,711
───────── ─────────
Creditors: amounts falling due within one year 8 (48,272) (42,845)
───────── ─────────
Net Current Assets 10,988 3,866
───────── ─────────
Total Assets less Current Liabilities 103,611 106,857
 
Creditors:
amounts falling due after more than one year 9 - (11,730)
 
Provisions for liabilities 11 - (230)
───────── ─────────
Net Assets 103,611 94,897
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 103,511 94,797
───────── ─────────
Equity attributable to owners of the company 103,611 94,897
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.
           
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 14 August 2025
           
           
________________________________          
Julie Ross-Herdman          
Director          
           



Acorns North Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025

   
1. General Information
 
Acorns North Limited is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 64 Doagh Road, Newtownabbey, Antrim, BT37 9NY which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Statement of Financial Position and amortised on a straight line basis over its economic useful life of 25.00 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Reducing Balance
  Motor vehicles - 20% straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 24, (2024 - 22).
 
  2025 2024
  Number Number
 
Directors 1 1
Other Staff 23 21
  ───────── ─────────
  24 22
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 April 2024 200,000 200,000
  ───────── ─────────
 
At 31 March 2025 200,000 200,000
  ───────── ─────────
Amortisation
At 1 April 2024 112,000 112,000
Charge for financial year 8,000 8,000
  ───────── ─────────
At 31 March 2025 120,000 120,000
  ───────── ─────────
Net book value
At 31 March 2025 80,000 80,000
  ═════════ ═════════
At 31 March 2024 88,000 88,000
  ═════════ ═════════
         
5. Property, plant and equipment
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost or Valuation
At 1 April 2024 11,379 13,449 24,828
Additions 788 - 788
  ───────── ───────── ─────────
At 31 March 2025 12,167 13,449 25,616
  ───────── ───────── ─────────
Depreciation
At 1 April 2024 9,837 - 9,837
Charge for the financial year 466 2,690 3,156
  ───────── ───────── ─────────
At 31 March 2025 10,303 2,690 12,993
  ───────── ───────── ─────────
Net book value
At 31 March 2025 1,864 10,759 12,623
  ═════════ ═════════ ═════════
At 31 March 2024 1,542 13,449 14,991
  ═════════ ═════════ ═════════
       
6. Stocks 2025 2024
  £ £
 
Finished goods and goods for resale 264 256
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
7. Debtors 2025 2024
  £ £
 
Director's current account  (Note 12) 6,512 -
Taxation  (Note 10) 15,335 15,335
  ───────── ─────────
  21,847 15,335
  ═════════ ═════════
       
8. Creditors 2025 2024
Amounts falling due within one year £ £
 
Bounce Back Loan 8,611 10,648
Payments received on account 2,531 (13)
Taxation  (Note 10) 34,130 28,160
Director's current account - 1,050
Accruals 3,000 3,000
  ───────── ─────────
  48,272 42,845
  ═════════ ═════════
       
9. Creditors 2025 2024
Amounts falling due after more than one year £ £
 
Bounce Back Loan - 11,730
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 8) 8,611 10,648
Repayable between one and two years - 10,648
Repayable between two and five years - 1,082
  ───────── ─────────
  8,611 22,378
  ═════════ ═════════
 
       
10. Taxation 2025 2024
  £ £
 
Debtors:
Corporation tax 15,335 15,335
  ═════════ ═════════
Creditors:
Corporation tax 30,096 24,430
PAYE / NI 4,034 3,730
  ───────── ─────────
  34,130 28,160
  ═════════ ═════════
         
11. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2025 2024
  £ £ £
 
At financial year start 230 230 157
Charged to profit and loss (230) (230) 73
  ───────── ───────── ─────────
At financial year end - - 230
  ═════════ ═════════ ═════════
   
12. Director's advances, credits and guarantees
 
As at April 2024, the director was owed £1,050 by Acorns North Limited. During the year net transactions were £7,562. As at 31 March 2025, the director owed £6,512 to Acorns North Limited.