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COMPANY REGISTRATION NUMBER: 08318653

ACS ASBESTOS REMOVAL SERVICES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

28 February 2025

ACS ASBESTOS REMOVAL SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION

28 February 2025

| 2025 | 2024
Note | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 5 |  | 2,502 |  | 2,844

CURRENT ASSETS

Stocks | 525 |  | 500 |
Debtors | 6 | 50,318 |  | 106,147 |
Cash at bank and in hand | 366 |  | 5,151 |
| --------- |  | ---------- |
| 51,209 |  | 111,798 |

CREDITORS: amounts falling due within one year | 7 | 30,217 |  | 42,597 |
| --------- |  | ---------- |
NET CURRENT ASSETS |  | 20,992 |  | 69,201
|  | --------- |  | ---------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 23,494 |  | 72,045

PROVISIONS

Taxation including deferred tax | 8 |  | 475 |  | 540
|  | --------- |  | ---------
NET ASSETS |  | 23,019 |  | 71,505
|  | --------- |  | ---------

ACS ASBESTOS REMOVAL SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

28 February 2025

| 2025 | 2024
Note | £ | £ | £ | £

CAPITAL AND RESERVES

Called up share capital |  | 1,000 |  | 1,000
Profit and loss account |  | 22,019 |  | 70,505
|  | --------- |  | ---------
SHAREHOLDERS FUNDS |  | 23,019 |  | 71,505
|  | --------- |  | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2025 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 8 October 2025 , and are signed on behalf of the board by:

R H Tiffany |
Director |

Company registration number: 08318653

ACS ASBESTOS REMOVAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 41 Elizabeth Street, Elland, HX5 0JH, West Yorkshire.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have significant impact on the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for asbestos removal services rendered, stated net of discounts and of Value Added Tax.
Current and deferred tax
The taxation expense represents the amount of current recognised in the reporting period. Tax is recognised in profit or loss. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant & machinery | - | 10% reducing balance
| Motor vehicles | - | 25% reducing balance
| Computer equipment | - | 33% straight line

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. TANGIBLE ASSETS

| Plant and machinery | Motor vehicles | Computer equipment | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 March 2024 | 2,073 | 2,500 | 800 | 5,373
Additions | – | – | 535 | 535
| ------- | ------- | ------- | -------
At 28 February 2025 | 2,073 | 2,500 | 1,335 | 5,908
| ------- | ------- | ------- | -------
Depreciation |  |  |  |
At 1 March 2024 | 1,083 | 1,094 | 352 | 2,529
Charge for the year | 99 | 351 | 427 | 877
| ------- | ------- | ------- | -------
At 28 February 2025 | 1,182 | 1,445 | 779 | 3,406
| ------- | ------- | ------- | -------
Carrying amount |  |  |  |
At 28 February 2025 | 891 | 1,055 | 556 | 2,502
| ------- | ------- | ------- | -------
At 29 February 2024 | 990 | 1,406 | 448 | 2,844
| ------- | ------- | ------- | -------

6. DEBTORS

| 2025 | 2024
| £ | £
Trade debtors | 14,991 | 10,870
Other debtors | 35,327 | 95,277
| --------- | ----------
| 50,318 | 106,147
| --------- | ----------

7. CREDITORS: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 14,143 | 27,776
Corporation tax | – | 6,620
Social security and other taxes | 803 | 6,166
Other creditors | 15,271 | 2,035
| --------- | ---------
| 30,217 | 42,597
| --------- | ---------

8. PROVISIONS

| Deferred tax (note 9)
| £
At 1 March 2024 | 540
Charge against provision | ( 65)
| ----
At 28 February 2025 | 475
| ----

9. DEFERRED TAX
The deferred tax included in the statement of financial position is as follows:

| 2025 | 2024
| £ | £
Included in provisions (note 8) | 475 | 540
| ---- | ----

The deferred tax account consists of the tax effect of timing differences in respect of:

| 2025 | 2024
| £ | £
Accelerated capital allowances | 475 | 540
| ---- | ----

10.DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
During the year the director had unsecured loans from the company. At the year end the company owed the director £12,724 (2024 - £65,526 owed by the director). The loan was overdrawn by a maximum of £83,600 during the year (2024 - £86,577). Interest of £831 (2024 - £1,322) has been charged on the overdrawn balance during the year.