REGISTERED NUMBER: 03536236 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ACORN BUILDING SERVICES (LUTON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr F K Doyle

REGISTERED OFFICE:

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

BUSINESS ADDRESS:

42A Newbury Lane

Silsoe

Bedford

Bedfordshire

MK45 4EX

REGISTERED NUMBER:

03536236 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Tangible assets

4

84,868

16,661

CURRENT ASSETS

Stocks

5

1,449,834

806,328

Debtors

6

914,098

199,476

Cash at bank

395,096

662,607

2,759,028

1,668,411

CREDITORS

Amounts falling due within one year

7

1,358,485

378,447

NET CURRENT ASSETS

1,400,543

1,289,964

TOTAL ASSETS LESS CURRENT LIABILITIES

1,485,411

1,306,625

CREDITORS

Amounts falling due after more than one year

8

(36,371

)

-

PROVISIONS FOR LIABILITIES

(21,217

)

(4,192

)

NET ASSETS

1,427,823

1,302,433

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,427,723

1,302,333

SHAREHOLDERS' FUNDS

1,427,823

1,302,433

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2025 and were signed by:

Mr F K Doyle - Director

1.	STATUTORY INFORMATION

Acorn Building Services (Luton) 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.

Turnover

Turnover shown in the profit and loss acount represents amounts invoiced during the year and sale of properties exclusive of value added tax where applicable.

Revenue from the sale of goods and services are recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of

depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset and is credited or charged to the profit or loss.

Work in progress

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Work in progress is valued at the lower of cost and net realisable value. The cost of work in progress is made up of land, raw materials, direct labour and other direct costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

28,679

3,696

39,225

8,255

79,855

Additions

76,930

-

7,500

854

85,284

At 31 March 2025

105,609

3,696

46,725

9,109

165,139

DEPRECIATION

At 1 April 2024

21,823

3,377

30,896

7,098

63,194

Charge for year

12,568

48

3,958

503

17,077

At 31 March 2025

34,391

3,425

34,854

7,601

80,271

NET BOOK VALUE

At 31 March 2025

71,218

271

11,871

1,508

84,868

At 31 March 2024

6,856

319

8,329

1,157

16,661

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

Additions

56,630

At 31 March 2025

56,630

DEPRECIATION

Charge for year

8,495

At 31 March 2025

8,495

NET BOOK VALUE

At 31 March 2025

48,135

5.

STOCKS

2025

2024

£

£

Work-in-progress

1,449,834

806,328

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

854,126

187,500

VAT

59,972

11,976

914,098

199,476

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

804,555

-

Other loans

11,667

21,667

Hire purchase contracts (see note 9)

17,194

-

Trade creditors

246,754

57,554

Corporation tax

154,164

161,213

Taxation and social security

6,626

-

Other creditors

14,477

2,640

Director's loan account

98,548

130,873

Accrued expenses

4,500

4,500

1,358,485

378,447

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

36,371

-

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

17,194

-

Between one and five years

36,371

-

53,565

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

804,555

-

Hire purchase contracts

53,565

-

858,120

-

The bank loan was secured by way of fixed and floating charges against the site to which it relates.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr F K Doyle.