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REGISTERED NUMBER: 12840410 (England and Wales)
























ACUMEN MECHANICAL
ELECTRICAL CONSTRUCTION LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






ACUMEN MECHANICAL
ELECTRICAL CONSTRUCTION LTD (REGISTERED NUMBER: 12840410)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


ACUMEN MECHANICAL
ELECTRICAL CONSTRUCTION LTD (REGISTERED NUMBER: 12840410)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,079 32,639

CURRENT ASSETS
Debtors 5 297,293 55,133
Cash at bank and in hand 12,981 106,515
310,274 161,648
CREDITORS
Amounts falling due within one year 6 182,831 107,459
NET CURRENT ASSETS 127,443 54,189
TOTAL ASSETS LESS CURRENT LIABILITIES 243,522 86,828

CREDITORS
Amounts falling due after more than one
year

7

(79,640

)

(43,699

)

PROVISIONS FOR LIABILITIES (29,020 ) (6,201 )
NET ASSETS 134,862 36,928

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 134,859 36,925
134,862 36,928

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

ACUMEN MECHANICAL
ELECTRICAL CONSTRUCTION LTD (REGISTERED NUMBER: 12840410)

BALANCE SHEET - continued
31 AUGUST 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2025 and were signed by:





D C Leonard-Satwick - Director


ACUMEN MECHANICAL
ELECTRICAL CONSTRUCTION LTD (REGISTERED NUMBER: 12840410)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Acumen Mechanical Electrical Construction Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12840410

Registered office: 6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ACUMEN MECHANICAL
ELECTRICAL CONSTRUCTION LTD (REGISTERED NUMBER: 12840410)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 1,293 5,043 35,299 5,385 47,020
Additions 49,417 3,049 69,667 - 122,133
At 31 August 2024 50,710 8,092 104,966 5,385 169,153
DEPRECIATION
At 1 September 2023 463 1,358 10,987 1,573 14,381
Charge for year 12,562 1,683 23,495 953 38,693
At 31 August 2024 13,025 3,041 34,482 2,526 53,074
NET BOOK VALUE
At 31 August 2024 37,685 5,051 70,484 2,859 116,079
At 31 August 2023 830 3,685 24,312 3,812 32,639

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 262,732 53,995
Other debtors 34,561 1,138
297,293 55,133

ACUMEN MECHANICAL
ELECTRICAL CONSTRUCTION LTD (REGISTERED NUMBER: 12840410)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 41,378 7,381
Trade creditors 40,610 78,015
Taxation and social security 23,017 18,940
Other creditors 77,826 3,123
182,831 107,459

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 36,640 14,699
Other creditors 43,000 29,000
79,640 43,699

8. RELATED PARTY TRANSACTIONS

During the period Mr D Leonard-Satwick loaned money to the Company with no fixed repayment date. At the end of the year the amount owed to Mr, D Leonard-Satwick was £28,244 (2023: £2).

During the period Mr V. Chnapek loaned money to the Company with no fixed repayment date. At the end of the year the amount owed to Mr V. Chnapek was £94 (2023: £58)

9. CONTROLLING PARTY

The controlling party is D C Leonard-Satwick.