| Acer Services Limited |
| Notes to the Accounts |
| for the year ended 30 September 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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Turnover represents the value, net of insurance premium tax and discounts, of the commissions and fees receivable, credit being taken as premiums are settled to the insurers. |
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Tangible fixed assets |
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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: |
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Plant and machinery |
25% written down value |
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Fixtures, fittings, tools and equipment |
25% written down value |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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Leased assets |
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A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
4 |
|
3 |
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| 3 |
Tangible fixed assets |
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Plant and machinery etc |
| £ |
|
Cost |
|
At 1 October 2024 |
9,420 |
|
Additions |
3,736 |
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At 30 September 2025 |
13,156 |
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Depreciation |
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At 1 October 2024 |
3,860 |
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Charge for the year |
1,574 |
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At 30 September 2025 |
5,434 |
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Net book value |
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At 30 September 2025 |
7,722 |
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At 30 September 2024 |
5,560 |
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| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
49,893 |
|
63,593 |
|
Other debtors |
11,806 |
|
4,500 |
|
|
|
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|
61,699 |
|
68,093 |
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| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
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Trade creditors |
130,813 |
|
151,084 |
|
Corporation tax |
10,500 |
|
6,253 |
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Other creditors |
5,122 |
|
16,586 |
|
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|
146,435 |
|
173,923 |
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| 6 |
Other information |
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Acer Services Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Winterton House |
|
High Street |
|
Westerham |
|
TN16 1AQ |