Acast Industrial Flooring Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03509150 (England and Wales)

ACAST INDUSTRIAL FLOORING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

Mr J Newton

Mrs N Newton

REGISTERED OFFICE:

Newgate

Hockley Hole Lane

Whaplode

Spalding

Lincolnshire

PE12 6TH

REGISTERED NUMBER:

03509150 (England and Wales)

ACCOUNTANTS:

Candour Accounts Limited

Endeavour House

7 Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

FIXED ASSETS

Tangible assets

4

543,198

238,235

CURRENT ASSETS

Stocks

5

20,000

89,838

Debtors

6

427,267

739,893

Cash at bank and in hand

423,330

409,217

870,597

1,238,948

CREDITORS

Amounts falling due within one year

7

563,995

536,240

NET CURRENT ASSETS

306,602

702,708

TOTAL ASSETS LESS CURRENT
LIABILITIES

849,800

940,943

PROVISIONS FOR LIABILITIES

8

42,683

59,559

NET ASSETS

807,117

881,384

CAPITAL AND RESERVES

Called up share capital

9

2

Retained earnings

807,115

881,382

SHAREHOLDERS' FUNDS

807,117

881,384

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 26 September 2025 and were signed on its behalf by:

Mr J Newton - Director

1.	STATUTORY INFORMATION

Acast Industrial Flooring Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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 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.

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 17 (2023 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 January 2024

53,898

243,323

13,400

Additions

344,296

1,589

5,950

At 31 December 2024

398,194

244,912

19,350

DEPRECIATION

At 1 January 2024

3,950

203,158

11,916

Charge for year

1,253

8,348

1,112

At 31 December 2024

5,203

211,506

13,028

NET BOOK VALUE

At 31 December 2024

392,991

33,406

6,322

At 31 December 2023

49,948

40,165

1,484

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2024

287,549

12,059

610,229

Additions

-

351,835

At 31 December 2024

287,549

12,059

962,064

DEPRECIATION

At 1 January 2024

144,749

8,221

371,994

Charge for year

35,701

458

46,872

At 31 December 2024

180,450

8,679

418,866

NET BOOK VALUE

At 31 December 2024

107,099

3,380

543,198

At 31 December 2023

142,800

3,838

238,235

5.

STOCKS

2024

2023

£

Stocks

20,000

Work-in-progress

-

69,838

20,000

89,838

6.

DEBTORS

2024

2023

£

Amounts falling due within one year:

Trade debtors

204,345

290,905

Amounts owed by group undertakings

38,531

341,643

VAT

40,139

59,514

Prepayments

17,140

13,558

300,155

705,620

Amounts falling due after more than one year:

Other debtors

127,112

34,273

Aggregate amounts

427,267

739,893

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

294,322

290,796

Tax

111,972

95,855

Social security and other taxes

38,485

25,412

Pension control account

1,482

1,645

Other creditors

-

8,392

Wages creditor

3,937

4,857

Directors' current accounts

13,454

8,940

Accruals and deferred income

100,343

563,995

536,240

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

42,683

59,559

Deferred

tax

£

Balance at 1 January 2024

59,559

Provided during year

(16,876

)

Balance at 31 December 2024

42,683

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

2

Ordinary

£1

2

10.	RELATED PARTY DISCLOSURES

During the year ended 31st December 2024 dividends of £386,643 (2023 - £565,000) was paid to Acast Group Limited.

During the year the Company made sales totalling £nil (2023 - £9,819) to Applegate Homes (Lincs) Limited. At the year end there was a trade debtor totalling £1,374 (2023 - £101,9771). Mr and Mrs Newton are joint directors and shareholders of Applegate Group Ltd which controls Applegate Homes (Lincs) Limited.

During the year the Company paid for subcontract work done to Mr L Newton £3,600 (2023 £46,452), Mr J Newton £9,300 (2023 £23,920) and Mr R Newton £22,880 (2023 £nil)). These are sons of Mr and Mrs Newton.

11.	ULTIMATE CONTROLLING PARTY

Acast Industrial Flooring is a 100% subsidiary of Acast Group Limited which Mr and Mrs Newton are sole directors and shareholders.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Acast Industrial Flooring Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Acast Industrial Flooring Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Acast Industrial Flooring Limited and state those matters that we have agreed to state to the Board of Directors of Acast Industrial Flooring Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Acast Industrial Flooring Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Acast Industrial Flooring 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 Acast Industrial Flooring Limited. You consider that Acast Industrial Flooring Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Acast Industrial Flooring Limited. For this reason, we have not verified the 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.

Candour Accounts Limited

Endeavour House

7 Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

Date: .............................................