Company Registration No. 12422165 (England and Wales)
ACORN 20 LIMITED
Unaudited accounts
for the period from 23 January 2020 to 31 January 2021
ACORN 20 LIMITED
Unaudited accounts
Contents
ACORN 20 LIMITED
Company Information
for the period from 23 January 2020 to 31 January 2021
Directors
Robert Amato
James Gingell
Robert Ian Templeton ACA FCA BA (Com)
Company Number
12422165 (England and Wales)
Registered Office
METROPOLITAN HOUSE
STATION ROAD
CHEADLE
SK8 7AZ
ENGLAND
ACORN 20 LIMITED
Statement of financial position
as at 31 January 2021
Cash at bank and in hand
58,640
Creditors: amounts falling due within one year
(147,225)
Net current liabilities
(16,365)
Total assets less current liabilities
30,297
Creditors: amounts falling due after more than one year
(50,000)
Called up share capital
100
Profit and loss account
(19,803)
Shareholders' funds
(19,703)
For the period ending 31 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2021 and were signed on its behalf by
Robert Ian Templeton ACA FCA BA (Com)
Director
Company Registration No. 12422165
ACORN 20 LIMITED
Notes to the Accounts
for the period from 23 January 2020 to 31 January 2021
ACORN 20 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12422165. The registered office is METROPOLITAN HOUSE, STATION ROAD, CHEADLE, SK8 7AZ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
ACORN 20 LIMITED
Notes to the Accounts
for the period from 23 January 2020 to 31 January 2021
4
Intangible fixed assets
Goodwill
Charge for the period
5,666
5
Tangible fixed assets
Fixtures & fittings
Charge for the period
6,000
6
Debtors: amounts falling due within one year
2021
Accrued income and prepayments
2,056
7
Creditors: amounts falling due within one year
2021
Taxes and social security
23,771
Loans from directors
45,060
ACORN 20 LIMITED
Notes to the Accounts
for the period from 23 January 2020 to 31 January 2021
8
Creditors: amounts falling due after more than one year
2021
9
Transactions with related parties
Acorn 20 Limited, Acorn 20 Limited and Acorn 22 Holdings Limited are related due to common ownership and directors. At the year end Acorn 20 Limited was owed £40,970 by Acorn 22 Holdings Limited and owed £48,873 to Acorn 21 Limited.
10
Average number of employees
During the period the average number of employees was 22.
