A.C. Supply Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02323194

A.C. Supply Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2025

A.C. Supply Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	57,050	98,783
Investments	6	1	1
		--------	--------
		57,051	98,784

Current assets

Stocks		371,593	449,724
Debtors	7	413,860	436,209
Cash at bank and in hand		93,582	9,733
		----------	----------
		879,035	895,666

Creditors: amounts falling due within one year	8	577,109		609,710
		----------		----------
Net current assets			301,926	285,956
			----------	----------
Total assets less current liabilities			358,977	384,740

Provisions

Taxation including deferred tax	14,263	24,696
	----------	----------
Net assets	344,714	360,044
	----------	----------

Capital and reserves

Called up share capital	66	66
Share premium account	3,620	3,620
Capital redemption reserve	62	62
Profit and loss account	340,966	356,296
	----------	----------
Shareholders funds	344,714	360,044
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

A.C. Supply Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 15 September 2026 , and are signed on behalf of the board by:

D Williams

Director

Company registration number: 02323194

A.C. Supply Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ. The company operates from Icknield Way, Letchworth Garden City, Hertfordshire, SG6 1JX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The financial statements contain information relating to the entity only as the company is exempt from preparing consolidated financial statements on the basis that the company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006.

Revenue recognition

The turnover shown in the statement of comprehensive income represents goods supplied during the year net of value added tax and trade discounts.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Operating lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	over the length of the lease
Motor vehicles	-	25% straight line
Equipment	-	20% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Stocks

Stocks of goods for resale are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost of goods for resale is calculated as the invoice price of goods purchased plus additional charges such as transport and handling costs.

Invoice discounting

The company has a recourse invoice discounting facility. Balances due under the policy are included in debtors and creditors respectively with no set off against each other.

Defined contribution pension plans

The company makes contributions to the personal pension schemes of certain employees and directors. The annual contributions payable are charged to the statement of comprehensive income on an accruals basis.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 11 ).

5. Tangible assets

	Leasehold improvements	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 January 2025 and 31 December 2025	137,220	120,433	158,496	416,149
	----------	----------	----------	----------
Depreciation
At 1 January 2025	117,148	46,322	153,896	317,366
Charge for the year	16,429	22,928	2,376	41,733
	----------	----------	----------	----------
At 31 December 2025	133,577	69,250	156,272	359,099
	----------	----------	----------	----------
Carrying amount
At 31 December 2025	3,643	51,183	2,224	57,050
	----------	----------	----------	----------
At 31 December 2024	20,072	74,111	4,600	98,783
	----------	----------	----------	----------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2025 and 31 December 2025	1
	----
Impairment
At 1 January 2025 and 31 December 2025	–
	----

Carrying amount
At 31 December 2025	1
	----
At 31 December 2024	1
	----

The company owns 100% of the issued share capital of Screws & Fasteners Limited, a company incorporated in England and Wales. Screws & Fasteners Limited is a dormant company.

7. Debtors

	2025	2024
	£	£
Trade debtors	348,235	354,824
Other debtors	65,625	81,385
	----------	----------
	413,860	436,209
	----------	----------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	398,931	398,158
Social security and other taxes	152,710	140,289
Other creditors	25,468	71,263
	----------	----------
	577,109	609,710
	----------	----------

The company's bank invoice discounting facility is secured by a fixed and floating charge over the company's assets.

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	14,263	24,696
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	14,263	24,696
	--------	--------

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	46,908	46,908
Later than 1 year and not later than 5 years	130,360	49,768
	----------	--------
	177,268	96,676
	----------	--------