Acland Bracewell Surveyors Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03372284 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

ACLAND BRACEWELL SURVEYORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S L Rawlinson

R J Rawlinson

REGISTERED OFFICE:

The Barrons

Church Road

Tarleton

Preston

Lancashire

PR4 6UP

REGISTERED NUMBER:

03372284 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Intangible assets

4

16,393

22,540

Tangible assets

5

116,727

138,145

133,120

160,685

CURRENT ASSETS

Stocks

2,494

9,976

Debtors

6

1,098,306

865,765

Cash at bank and in hand

199,206

148,030

1,300,006

1,023,771

CREDITORS

Amounts falling due within one year

7

275,247

160,853

NET CURRENT ASSETS

1,024,759

862,918

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,157,879

1,023,603

CREDITORS

Amounts falling due after more than one
year

8

(39,993

)

(70,859

)

PROVISIONS FOR LIABILITIES

(16,787

)

(21,319

)

NET ASSETS

1,101,099

931,425

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

1,101,097

931,423

SHAREHOLDERS' FUNDS

1,101,099

931,425

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

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

Mrs S L Rawlinson - Director

R J Rawlinson - Director

1.	STATUTORY INFORMATION

Acland Bracewell Surveyors 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised at 15% straight line.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life

Fixtures and fittings

20% reducing balance

Motor vehicles

15% reducing balance

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Consolidation

The parent company and its subsidiary undertakings comprise a small group under s383 of the Companies Act 2006. The company has therefore taken advantage of the exemption not to prepare group accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2024

and 31 January 2025

40,981

AMORTISATION

At 1 February 2024

18,441

Charge for year

6,147

At 31 January 2025

24,588

NET BOOK VALUE

At 31 January 2025

16,393

At 31 January 2024

22,540

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 1 February 2024

75,723

168,458

244,181

Additions

4,319

-

4,319

At 31 January 2025

80,042

168,458

248,500

DEPRECIATION

At 1 February 2024

40,262

65,774

106,036

Charge for year

10,335

15,402

25,737

At 31 January 2025

50,597

81,176

131,773

NET BOOK VALUE

At 31 January 2025

29,445

87,282

116,727

At 31 January 2024

35,461

102,684

138,145

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

Trade debtors

27,188

6,306

Amounts owed by group undertakings

1,049,709

840,254

Amounts recoverable on contract

2,000

VAT

-

2,890

Prepayments

19,409

14,315

1,098,306

865,765

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

Bank loans and overdrafts

10,419

10,162

Hire purchase contracts (see note 9)

20,448

Trade creditors

24,977

4,627

Tax

121,346

46,374

Social security and other taxes

2,538

2,336

VAT

13,448

-

Accrued expenses

82,071

76,906

275,247

160,853

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/1/25

31/1/24

£

Bank loans - 1-2 years

3,531

10,419

Bank loans - 2-5 years

-

3,531

Hire purchase contracts (see note 9)

36,462

56,909

39,993

70,859

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31/1/25

31/1/24

£

Net obligations repayable:

Within one year

20,448

Between one and five years

36,462

56,909

56,910

77,357

10.	RELATED PARTY DISCLOSURES

During the year, management charges of £96,000 (2024: £96,000) were paid to ABS Holding Group Ltd. Included in trade debtors is an amount of £1,049,709 (2024: £840,254) due from ABS Holding Group Ltd.