Acme (Leicester) Limited

Company registration number: 03682046
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	7,469	3,959
Investment property	5	270,000	270,000
		277,469	273,959
Current assets
Debtors	6	28,086	-
Cash at bank and in hand		19,619	65,557
		47,705	65,557
Creditors: Amounts falling due within one year	7	(160,005)	(169,704)
Net current liabilities		(112,300)	(104,147)
Total assets less current liabilities		165,169	169,812
Creditors: Amounts falling due after more than one year	7	(2,083)	(7,083)
Provisions for liabilities		(6,081)	(6,081)
Net assets		157,005	156,648
Capital and reserves
Called up share capital		2	2
Retained earnings		157,003	156,646
Shareholders' funds		157,005	156,648

Acme (Leicester) Limited

Company registration number: 03682046
Balance Sheet as at 31 December 2024 (continued)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 September 2025
 

......................................... Mr B W McCloskey Director

Acme (Leicester) Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Ground Floor Flat
149 Queens Road
LEICESTER
LE2 3FL

These financial statements were authorised for issue by the director on 30 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Acme (Leicester) Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 December 2024 (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% per annum based on net book amount
Motor vehicles	25% per annum based on net book amount

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. Changes in fair value are recognised in profit or loss.

Stocks

The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

Borrowings

Acme (Leicester) Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 December 2024 (continued)

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

Acme (Leicester) Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 December 2024 (continued)

4	Tangible assets

	Motor vehicles  £	Tools & Equipment £	Total £
Cost or valuation
At 1 January 2024	9,250	15,068	24,318
Additions	6,000	-	6,000
At 31 December 2024	15,250	15,068	30,318
Depreciation
At 1 January 2024	6,324	14,035	20,359
Charge for the year	2,232	258	2,490
At 31 December 2024	8,556	14,293	22,849
Carrying amount
At 31 December 2024	6,694	775	7,469
At 31 December 2023	2,926	1,033	3,959

5	Investment properties

	2024 £
At 1 January	270,000
At 31 December	270,000

Investment property is valued by the director with reference to market value.

6

Debtors

Current	2024 £	2023 £
Trade debtors	28,000	-
Other debtors	86	-
	28,086	-

Acme (Leicester) Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 December 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Bank loans and overdrafts	5,000	5,000
Trade creditors	942	7,672
Taxation and social security	5,885	7,777
Other creditors	148,178	149,255
	160,005	169,704