Company No:
Contents
| DIRECTOR | John Counsell |
| REGISTERED OFFICE | Camburgh House |
| 27 New Dover Road | |
| Canterbury | |
| Kent | |
| CT1 3DN | |
| United Kingdom |
| COMPANY NUMBER | 07335323 (England and Wales) |
| CHARTERED ACCOUNTANTS | Burgess Hodgson Limited |
| Camburgh House | |
| 27 New Dover Road | |
| Canterbury | |
| CT1 3DN |
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Current assets | ||||
| Debtors | 6 |
|
|
|
| Cash at bank and in hand |
|
|
||
| 31,890 | 35,491 | |||
| Creditors: amounts falling due within one year | 7 | (
|
(
|
|
| Net current assets | 28,638 | 32,723 | ||
| Total assets less current liabilities | 28,638 | 32,723 | ||
| Net assets |
|
|
||
| Capital and reserves | ||||
| Called-up share capital |
|
|
||
| Profit and loss account |
|
|
||
| Total shareholders' funds |
|
|
Director's responsibilities:
The financial statements of Acer Clarus Limited (registered number:
|
John Counsell
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Acer Clarus Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
| Goodwill |
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
| Leasehold improvements |
|
| Office equipment |
|
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including the director |
|
|
| Goodwill | Total | ||
| £ | £ | ||
| Cost | |||
| At 01 September 2023 |
|
|
|
| At 31 August 2024 |
|
|
|
| Accumulated amortisation | |||
| At 01 September 2023 |
|
|
|
| At 31 August 2024 |
|
|
|
| Net book value | |||
| At 31 August 2024 |
|
|
|
| At 31 August 2023 |
|
|
| Leasehold improve- ments |
Office equipment | Total | |||
| £ | £ | £ | |||
| Cost | |||||
| At 01 September 2023 |
|
|
|
||
| At 31 August 2024 |
|
|
|
||
| Accumulated depreciation | |||||
| At 01 September 2023 |
|
|
|
||
| At 31 August 2024 |
|
|
|
||
| Net book value | |||||
| At 31 August 2024 | 0 | 0 | 0 | ||
| At 31 August 2023 | 0 | 0 | 0 |
| 2024 | 2023 | ||
| £ | £ | ||
| Corporation tax |
|
|
|
| Other debtors |
|
|
|
|
|
|
| 2024 | 2023 | ||
| £ | £ | ||
| Trade creditors |
|
|
|
| Other creditors |
|
|
|
|
|
|
Transactions with the entity's director
| 2024 | 2023 | ||
| £ | £ | ||
| At the year end, the company owed the director: | 192 | 20 |