Registration number: 11802154

Acorn Managed Services Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 7

Acorn Managed Services Ltd

(Registration number: 11802154)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	44,972	66,571
Current assets
Debtors	6	31,536	89,709
Cash at bank and in hand		11,967	33,098
		43,503	122,807
Creditors: Amounts falling due within one year	7	(78,279)	(125,260)
Net current liabilities		(34,776)	(2,453)
Total assets less current liabilities		10,196	64,118
Creditors: Amounts falling due after more than one year	7	(2,774)	(13,063)
Provisions for liabilities		(6,440)	(13,696)
Net assets		982	37,359
Capital and reserves
Called up share capital		2	2
Retained earnings		980	37,357
Shareholders' funds		982	37,359

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 December 2025 and signed on its behalf by:
 

......................................... R J Seymour Director

Acorn Managed Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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 provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred 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 in the countries where the company operates and generates taxable income.

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:

Acorn Managed Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance basis
Office equipment	25% reducing balance basis
Motor vehicles	25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

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.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Acorn Managed Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3

Taxation

	2025		2024
	£		£
Corporation tax	6,346		20,032
Deferred tax	(7,257)		(1,430)
	(911)		18,602

4	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 2).

Acorn Managed Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	2,231	2,841	119,448	124,520
Additions	-	791	24,055	24,846
Disposals	-	-	(55,591)	(55,591)
At 31 March 2025	2,231	3,632	87,912	93,775
Depreciation
At 1 April 2024	1,543	1,418	54,988	57,949
Charge for the year	172	372	8,771	9,315
Eliminated on disposal	-	-	(18,461)	(18,461)
At 31 March 2025	1,715	1,790	45,298	48,803
Carrying amount
At 31 March 2025	516	1,842	42,614	44,972
At 31 March 2024	688	1,423	64,460	66,571

6

Debtors

Current	2025 £	2024 £
Trade debtors	28,609	83,125
Prepayments	-	5,990
Other debtors	2,927	594
	31,536	89,709

Acorn Managed Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	10,428	10,162
Trade creditors		47,810	77,202
Taxation and social security		11,909	35,409
Other creditors		8,132	2,487
		78,279	125,260