REGISTERED NUMBER: 03622898 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Acorn Works Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

36,261

49,398

CURRENT ASSETS

Stocks

7,725

1,826

Debtors

5

51,735

42,525

Cash at bank

107,394

107,162

166,854

151,513

CREDITORS

Amounts falling due within one year

6

99,093

62,647

NET CURRENT ASSETS

67,761

88,866

TOTAL ASSETS LESS CURRENT LIABILITIES

104,022

138,264

CREDITORS

Amounts falling due after more than one year

7

(6,667

)

(23,384

)

PROVISIONS FOR LIABILITIES

(8,310

)

(11,475

)

NET ASSETS

89,045

103,405

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

52

52

Retained earnings

88,893

103,253

SHAREHOLDERS' FUNDS

89,045

103,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

Mr S B Tomlin - Director

1.	STATUTORY INFORMATION

Acorn Works Limited 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:

03622898

Registered office:

37 Turbine Way

EcoTech Innovation Business Park

Swaffham

Norfolk

PE37 7XD

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on cost

Office equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

120,281

Additions

1,232

At 31 May 2025

121,513

DEPRECIATION

At 1 June 2024

70,883

Charge for year

14,369

At 31 May 2025

85,252

NET BOOK VALUE

At 31 May 2025

36,261

At 31 May 2024

49,398

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

28,069

18,923

Other debtors

15,129

15,000

Prepayments

8,537

8,602

51,735

42,525

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

6,717

13,434

Trade creditors

14,971

9,713

Taxation

32,857

21,712

Social security and other taxes

2,642

1,665

VAT

14,879

1,423

Other creditors

1,185

867

Deferred income

11,787

-

Accrued expenses

4,055

3,833

99,093

62,647

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans - 1-2 years

6,667

16,667

Hire purchase contracts

-

6,717

6,667

23,384