AC Concepts Limited - Filleted accounts

AC Concepts Limited
Registered number:		07225762
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		18,636			24,504

Current assets
Stocks		24,610			55,208
Debtors	4	180,848			172,431
Cash at bank and in hand		14,980			26,933
		220,438			254,572

Creditors: amounts falling due within one year	5	(205,487)			(271,943)

Net current assets/(liabilities)			14,951			(17,371)

Total assets less current liabilities			33,587			7,133

Creditors: amounts falling due after more than one year	6		(11,052)			(51,124)

Provisions for liabilities			-			(759)


Net assets/(liabilities)			22,535			(44,750)

Capital and reserves
Called up share capital			100			100
Profit and loss account			22,435			(44,850)

Shareholders' funds			22,535			(44,750)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P A KIRKHAM
Director
Approved by the board on 20 November 2025

AC Concepts Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor Vehicles	25% reducing balance
	Plant and machinery	20% reducing balance


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			6		6


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	28,992		48,550		77,542
	At 31 March 2025	28,992		48,550		77,542

	Depreciation
	At 1 April 2024	21,470		31,568		53,038
	Charge for the year	1,624		4,244		5,868
	At 31 March 2025	23,094		35,812		58,906

	Net book value
	At 31 March 2025	5,898		12,738		18,636
	At 31 March 2024	7,522		16,982		24,504


4	Debtors			2025		2024
£					£

	Trade debtors			136,552		126,875
	Other debtors			44,296		45,556
				180,848		172,431




5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			117,687		148,140
	Obligations under finance lease and hire purchase contracts			2,516		2,516
	Trade creditors			47,925		85,718
	Corporation tax			26,047		26,524
	Other taxes and social security costs			9,362		5,545
	Other creditors			1,950		3,500
				205,487		271,943


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			1,424		39,189
	Obligations under finance lease and hire purchase contracts			9,628		11,935
				11,052		51,124


7	Other information

	AC Concepts Limited is a private company limited by shares and incorporated in England. Its registered office is:
	62 Victoria Road
	Newton le Willows
	Merseyside
	WA12 9RX