Acrylicize Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05042992 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

ACRYLICIZE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Burke

P Arad

SECRETARY:

P Arad

REGISTERED OFFICE:

4 Prince Albert Road

London

NW1 7SN

REGISTERED NUMBER:

05042992 (England and Wales)

ACCOUNTANTS:

Scodie Deyong LLP

Chartered Accountants

4 Prince Albert Road

London

NW1 7SN

FIXED ASSETS

Tangible assets

4

48,059

40,114

CURRENT ASSETS

Stocks

35,685

4,586

Debtors

5

2,025,633

859,826

Cash at bank

809,086

564,621

2,870,404

1,429,033

CREDITORS

Amounts falling due within one year

6

(1,972,258

)

(870,227

)

NET CURRENT ASSETS

898,146

558,806

TOTAL ASSETS LESS CURRENT LIABILITIES

946,205

598,920

PROVISIONS FOR LIABILITIES

7

(9,131

)

(7,622

)

NET ASSETS

937,074

591,298

CAPITAL AND RESERVES

Called up share capital

8

104

104

Retained earnings

936,970

591,194

SHAREHOLDERS' FUNDS

937,074

591,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 16 December 2022 and were signed on its behalf by:

P Arad - Director

J Burke - Director

1.	STATUTORY INFORMATION

Acrylicize 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Short leasehold

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 31 (2021 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2021

70,618

74,612

112,275

257,505

Additions

-

-

21,151

21,151

At 31 March 2022

70,618

74,612

133,426

278,656

DEPRECIATION

At 1 April 2021

70,618

51,078

95,695

217,391

Charge for year

-

3,066

10,140

13,206

At 31 March 2022

70,618

54,144

105,835

230,597

NET BOOK VALUE

At 31 March 2022

-

20,468

27,591

48,059

At 31 March 2021

-

23,534

16,580

40,114

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

1,295,979

540,546

Other debtors

729,654

319,280

2,025,633

859,826

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

474,636

232,578

Taxation and social security

244,370

367,430

Other creditors

1,253,252

270,219

1,972,258

870,227

7.	PROVISIONS FOR LIABILITIES

31.3.22

31.3.21

£

£

Deferred tax

9,131

7,622

Deferred

tax

£

Balance at 1 April 2021

7,622

Charge to Income Statement during year

1,509

Balance at 31 March 2022

9,131

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

10,200

Ordinary

£0.01

102

102

2

Ordinary B

£1

2

2

104

104

9.	PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of its employees. Amounts charged to the profit and loss account were £86,233 (2021: £63,323) for the year. There were no unpaid contributions at the balance sheet date.