REGISTERED NUMBER: 04119037 (England and Wales)

ACOTA LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S R Henly

Mrs J S Henly

REGISTERED OFFICE:

Crowmeole Barn

Crowmeole Lane

Shrewsbury

Shropshire

SY3 8AY

REGISTERED NUMBER:

04119037 (England and Wales)

ACCOUNTANTS:

TCA (Shrewsbury) LLP

Third Floor

21 St Mary's Street

Shrewsbury

Shropshire

SY1 1ED

FIXED ASSETS

Tangible assets

4

96,959

182,597

CURRENT ASSETS

Stocks

428,001

1,076,417

Debtors

5

2,995,155

1,012,579

Cash at bank

1,700,906

1,635,393

5,124,062

3,724,389

CREDITORS

Amounts falling due within one year

6

686,668

354,633

NET CURRENT ASSETS

4,437,394

3,369,756

TOTAL ASSETS LESS CURRENT LIABILITIES

4,534,353

3,552,353

PROVISIONS FOR LIABILITIES

7

22,677

42,362

NET ASSETS

4,511,676

3,509,991

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

4,511,576

3,509,891

SHAREHOLDERS' FUNDS

4,511,676

3,509,991

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 22 September 2025 and were signed on its behalf by:

Mr S R Henly - Director

1.	STATUTORY INFORMATION

Acota Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04119037 and registered office address is Crowmeole Barn, Crowmeole Lane, Shrewsbury, England, SY3 8AY.

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.

Long leasehold

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and will be recognised in the Statement of comprehensive income.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Interest income

Interest income is recognised in the profit and loss account using the effective interest method.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 January 2024

89,931

32,720

67,431

Disposals

-

-

-

At 31 December 2024

89,931

32,720

67,431

DEPRECIATION

At 1 January 2024

89,931

25,041

56,204

Charge for year

-

3,250

4,681

Eliminated on disposal

-

-

-

At 31 December 2024

89,931

28,291

60,885

NET BOOK VALUE

At 31 December 2024

-

4,429

6,546

At 31 December 2023

-

7,679

11,227

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

205,521

37,305

432,908

Disposals

(100,526

)

(9,336

)

(109,862

)

At 31 December 2024

104,995

27,969

323,046

DEPRECIATION

At 1 January 2024

49,729

29,406

250,311

Charge for year

21,498

2,862

32,291

Eliminated on disposal

(48,478

)

(8,037

)

(56,515

)

At 31 December 2024

22,749

24,231

226,087

NET BOOK VALUE

At 31 December 2024

82,246

3,738

96,959

At 31 December 2023

155,792

7,899

182,597

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

560,438

766,553

Other loan

2,408,655

226,655

Directors' loan accounts

5,706

-

Prepayments

20,356

19,371

2,995,155

1,012,579

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

252,805

(1,978

)

Tax

309,259

148,771

Social security and other taxes

23,472

10,999

VAT

74,110

123,661

Other creditors

257

314

Directors' loan accounts

-

21,381

Accrued expenses

26,765

51,485

686,668

354,633

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

22,677

42,362

Deferred

tax

£

Balance at 1 January 2024

42,362

Utilised during year

(19,685

)

Balance at 31 December 2024

22,677

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 January 2024

3,509,891

Profit for the year

1,201,685

Dividends

(200,000

)

At 31 December 2024

4,511,576

10.	FINANCIAL COMMITMENTS

The company has an annual commitment of £75,000 (2023: £75,000) for property rent.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr S R Henly and Mrs J S Henly

Balance outstanding at start of year

-

-

Amounts advanced

5,705

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,705

-

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £200,000 were paid to the directors .

During the year, total dividends of £200,000 (2023 - £180,000) were paid to the directors.

Included within Debtors: Amounts falling due within one year are other loans of £2,408,655 (2023: £226,655) relating to an interest free loan, granted to LGL Properties Limited. LGL Properties Ltd is a limited company controlled and owned by Mr S Henly.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S R Henly.

The ultimate controlling party is Mr S R Henly, by virtue of him holding 76% of the voting share capital.