COMPANY REGISTRATION NUMBER:
16223770
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Filleted Unaudited Financial Statements |
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Period from 3 February 2025 to 28 February 2026
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Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements |
1 |
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|
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Statement of Financial Position |
2 |
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Notes to the Financial Statements |
4 |
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Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
ACB Commerce Ltd |
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Period from 3 February 2025 to 28 February 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ACB Commerce Ltd for the period ended 28 February 2026, which comprise the statement of financial position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of ACB Commerce Ltd in accordance with the terms of our engagement letter dated 2 August 2026. Our work has been undertaken solely to prepare for your approval the financial statements of ACB Commerce Ltd and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ACB Commerce Ltd and its director for our work or for this report.
It is your duty to ensure that ACB Commerce Ltd 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 ACB Commerce Ltd. You consider that ACB Commerce Ltd is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of ACB Commerce Ltd. 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.
WYATT & CO
Chartered Accountants
125 Main Street
Garforth
Leeds
LS25 1AF
7 October 2026
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Statement of Financial Position |
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28 February 2026
Current Assets
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Stocks |
8,129 |
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Cash at bank and in hand |
5,202 |
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--------- |
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13,331 |
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Creditors: amounts falling due within one year |
5 |
28,534 |
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--------- |
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Net Current Liabilities |
15,203 |
|
--------- |
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Total Assets Less Current Liabilities |
(
15,203) |
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--------- |
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Net Liabilities |
(
15,203) |
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--------- |
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Capital and Reserves
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Called up share capital |
1 |
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Profit and loss account |
(
15,204) |
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--------- |
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Shareholders Deficit |
(
15,203) |
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--------- |
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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 income statement has not been delivered.
For the period ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Statement of Financial Position (continued) |
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28 February 2026
These financial statements were approved by the
board of directors
and authorised for issue on
7 October 2026
, and are signed on behalf of the board by:
Company registration number:
16223770
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Notes to the Financial Statements |
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Period from 3 February 2025 to 28 February 2026
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 124 City Road, London, EC1V 2NX.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Employee Numbers
The average number of persons employed by the company during the period amounted to
1
.
5.
Creditors:
amounts falling due within one year
|
28 Feb 26 |
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£ |
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Other creditors |
28,534 |
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--------- |
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6.
Director's Advances, Credits and Guarantees
During the year, the director provided the company with a loan, which had a year-end balance of £27,574. The loan is interest-free and repayable on demand.