REGISTERED NUMBER: 06225749 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Accept & Proceed Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mr David J Johnston

Mr Matthew J Jones

Mr Stephen Heath

REGISTERED OFFICE:

ASM House

103A Keymer Road

Hassocks

West Sussex

BN6 8QL

REGISTERED NUMBER:

06225749 (England and Wales)

FIXED ASSETS

Intangible assets

4

63,657

79,571

Tangible assets

5

1,771,630

2,602,329

1,835,287

2,681,900

CURRENT ASSETS

Stocks

270,849

143,927

Debtors

6

825,769

1,750,974

Cash at bank and in hand

5,749

232,424

1,102,367

2,127,325

CREDITORS

Amounts falling due within one year

7

1,045,531

1,006,807

NET CURRENT ASSETS

56,836

1,120,518

TOTAL ASSETS LESS CURRENT LIABILITIES

1,892,123

3,802,418

CREDITORS

Amounts falling due after more than one year

8

1,393,825

1,496,702

NET ASSETS

498,298

2,305,716

CAPITAL AND RESERVES

Called up share capital

205

205

Fair value reserve

10

513,420

1,333,420

Retained earnings

(15,327

)

972,091

SHAREHOLDERS' FUNDS

498,298

2,305,716

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 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 December 2025 and were signed on its behalf by:

Mr David J Johnston - Director

1.	STATUTORY INFORMATION

Accept & Proceed 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.

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 as modified by the revaluation of certain assets.

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 evenly over their estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

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.

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 24 (2024 - 32 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

79,571

AMORTISATION

Charge for year

15,914

At 31 March 2025

15,914

NET BOOK VALUE

At 31 March 2025

63,657

At 31 March 2024

79,571

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

2,500,000

251,642

2,751,642

Additions

-

8,211

8,211

Revaluations

(820,000

)

-

(820,000

)

At 31 March 2025

1,680,000

259,853

1,939,853

DEPRECIATION

At 1 April 2024

-

149,313

149,313

Charge for year

-

18,910

18,910

At 31 March 2025

-

168,223

168,223

NET BOOK VALUE

At 31 March 2025

1,680,000

91,630

1,771,630

At 31 March 2024

2,500,000

102,329

2,602,329

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2022

2,500,000

251,642

2,751,642

Valuation in 2025

(820,000

)

8,211

(811,789

)

1,680,000

259,853

1,939,853

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

618,702

917,755

Other debtors

207,067

833,219

825,769

1,750,974

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

358,725

-

Trade creditors

42,886

254,203

Taxation and social security

55,722

112,672

Other creditors

588,198

639,932

1,045,531

1,006,807

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,393,825

1,496,702

Amounts falling due in more than five years:

Repayable by instalments

Barclays Mortgage 24675045

1,393,825

1,496,702

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

1,393,825

1,496,702

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

1,333,420

Bonus share issue

(820,000

)

At 31 March 2025

513,420

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr David J Johnston.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Accept & Proceed Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Accept & Proceed Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Accept & Proceed Limited and state those matters that we have agreed to state to the Board of Directors of Accept & Proceed Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Accept & Proceed Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Accept & Proceed Limited. You consider that Accept & Proceed Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Accept & Proceed Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

ASM Chartered Accountants

ASM House

103a Keymer Road

Hassocks

West Sussex

BN6 8QL

Date: .............................................