Acorn Gas Appliance Spares Limited

Acorn Gas Appliance Spares Limited
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	12,966	15,847
		12,966	15,847
Current assets
Stocks		129,082	131,083
Debtors		118,797	107,137
Cash at bank and in hand		323,752	237,497
		571,631	475,717
Creditors: amount falling due within one year		(148,995)	(141,098)
Net current assets		422,636	334,619

Total assets less current liabilities		435,602	350,466
Provisions for liabilities		(2,463)	(3,011)
Net assets		433,139	347,455

Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		432,139	346,455
Shareholders' funds		433,139	347,455

For the year ended 31 January 2026 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.
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.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 23 June 2026 and were signed on its behalf by:

-------------------------------
K R Illingworth
Director

Acorn Gas Appliance Spares Limited
Notes to the Abridged Financial Statements
For the year ended 31 January 2026

General Information

Acorn Gas Appliance Spares Limited is a private company, limited by shares, registered in England and Wales, registration number 03917136, registration address 2 Manor Court, Manor Mill Lane, Leeds, West Yorkshire, LS11 8LQ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 4 (2025 : 4).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 February 2025	4,219	28,845	14,784	22,362	70,210
Additions	-	-	-	1,152	1,152
Disposals	-	-	-	-	-
At 31 January 2026	4,219	28,845	14,784	23,514	71,362
Depreciation
At 01 February 2025	3,951	16,676	14,363	19,373	54,363
Charge for year	67	3,042	924	-	4,033
On disposals	-	-	-	-	-
At 31 January 2026	4,018	19,718	15,287	19,373	58,396
Net book values
Closing balance as at 31 January 2026	201	9,127	(503)	4,141	12,966
Opening balance as at 01 February 2025	268	12,169	421	2,989	15,847

Share Capital

Allotted, called up and fully paid	2026 £	2025 £
510 A Ordinary shares of £1.00 each	510	510
340 B Ordinary shares of £1.00 each	340	340
150 C Ordinary shares of £1.00 each	150	150
	1,000	1,000

All shares have equal rights on voting, dividend and capital distribution.

Directors' Loan Account

At 31 January 2026, the directors' loan account of -£17,147 (2025: £-14381) is unsecured, repayable on demand and interest free.

During the year, the directors incurred the following transactions:

Directors' Loan Account		Balance B/F £		Advances £		Credits £		Balance C/F £
Directors		(14,381)		(56,012)		53,245		(17,147)

Registered Number: 03917136
England and Wales
ACORN GAS APPLIANCE SPARES LIMITED

Abridged Accounts

Period of accounts Start date: 01 February 2025 End date: 31 January 2026