Acorn To Oaks Financial Services Ltd - Accounts to registrar (filleted) - small 18.2

Acorn To Oaks Financial Services Ltd - Accounts to registrar (filleted) - small 18.2

ACORN TO OAKS FINANCIAL SERVICES LTD - Company Information

Print Friendly Version

IRIS Accounts Production v21.4.0.171 06547017 Board of Directors 1.4.20 31.3.21 31.3.21 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure065470172020-03-31065470172021-03-31065470172020-04-012021-03-31065470172019-03-31065470172019-04-012020-03-31065470172020-03-3106547017ns16:EnglandWales2020-04-012021-03-3106547017ns15:PoundSterling2020-04-012021-03-3106547017ns11:Director12020-04-012021-03-3106547017ns11:PrivateLimitedCompanyLtd2020-04-012021-03-3106547017ns11:SmallEntities2020-04-012021-03-3106547017ns11:AuditExempt-NoAccountantsReport2020-04-012021-03-3106547017ns11:SmallCompaniesRegimeForAccounts2020-04-012021-03-3106547017ns11:AbridgedAccounts2020-04-012021-03-310654701712020-04-012021-03-3106547017ns11:OrdinaryShareClass12020-04-012021-03-3106547017ns11:Director22020-04-012021-03-3106547017ns11:Director32020-04-012021-03-3106547017ns11:RegisteredOffice2020-04-012021-03-3106547017ns6:CurrentFinancialInstruments2021-03-3106547017ns6:CurrentFinancialInstruments2020-03-3106547017ns6:Non-currentFinancialInstruments2021-03-3106547017ns6:Non-currentFinancialInstruments2020-03-3106547017ns6:ShareCapital2021-03-3106547017ns6:ShareCapital2020-03-3106547017ns6:RetainedEarningsAccumulatedLosses2021-03-3106547017ns6:RetainedEarningsAccumulatedLosses2020-03-3106547017ns6:IntangibleAssetsOtherThanGoodwill2020-04-012021-03-3106547017ns6:PatentsTrademarksLicencesConcessionsSimilar2020-04-012021-03-3106547017ns6:DevelopmentCostsCapitalisedDevelopmentExpenditure2020-04-012021-03-3106547017ns11:OrdinaryShareClass12021-03-31
REGISTERED NUMBER: 06547017 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 March 2021

for

Acorn To Oaks Financial Services Ltd
Acorn To Oaks Financial Services Ltd (Registered number: 06547017)






Contents of the Financial Statements
for the Year Ended 31 March 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Acorn To Oaks Financial Services Ltd

Company Information
for the Year Ended 31 March 2021







DIRECTORS: Ms C Oakley
B Peters
M Goldstein





REGISTERED OFFICE: 93 Church Street
Bilston
West Midlands
WV14 0BJ





REGISTERED NUMBER: 06547017 (England and Wales)





ACCOUNTANTS: Appleby Mall Limited
Chartered Accountants
86 Tettenhall Road
Wolverhampton
West Midlands
WV1 4TF
Page 1
Acorn To Oaks Financial Services Ltd (Registered number: 06547017)

Abridged Balance Sheet
31 March 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 9,622
Tangible assets 5 5,788 5,552
Investments 6 63,122 63,122
68,911 78,296

CURRENT ASSETS
Debtors 583,170 544,810
Cash at bank and in hand 383,004 362,533
966,174 907,343
CREDITORS
Amounts falling due within one year 579,561 544,249
NET CURRENT ASSETS 386,613 363,094
TOTAL ASSETS LESS CURRENT
LIABILITIES
455,524
441,390

CREDITORS
Amounts falling due after more than one year 66,750 62,971
NET ASSETS 388,774 378,419

CAPITAL AND RESERVES
Called up share capital 7 170,000 170,000
Retained earnings 218,774 208,419
SHAREHOLDERS' FUNDS 388,774 378,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 notes form part of these financial statements

Page 2 continued...
Acorn To Oaks Financial Services Ltd (Registered number: 06547017)

Abridged Balance Sheet - continued
31 March 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 8 December 2021 and were signed on its behalf by:





Ms C Oakley - Director


The notes form part of these financial statements

Page 3
Acorn To Oaks Financial Services Ltd (Registered number: 06547017)

Notes to the Financial Statements
for the Year Ended 31 March 2021

1. STATUTORY INFORMATION

Acorn to Oaks Financial Services Ltd is a private limited company limited by shares, registered and incorporated in England and Wales. The address of its registered office and principal place of business is 93 Church Street, Bilston, West Midlands, WV14 0BJ.

The principal activity of the company is that of a financial intermediary.

These financial statements have been presented in Pounds Sterling as this is the company's functional currency, being the primary economic environment in which the company operates.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of nil years.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 4 continued...
Acorn To Oaks Financial Services Ltd (Registered number: 06547017)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2020 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2020
and 31 March 2021 55,325
AMORTISATION
At 1 April 2020 45,703
Amortisation for year 9,621
At 31 March 2021 55,324
NET BOOK VALUE

At 31 March 2021 1
At 31 March 2020 9,622

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2020 15,928
Additions 3,830
At 31 March 2021 19,758
DEPRECIATION
At 1 April 2020 10,376
Charge for year 3,594
At 31 March 2021 13,970
NET BOOK VALUE
At 31 March 2021 5,788
At 31 March 2020 5,552

Page 5 continued...
Acorn To Oaks Financial Services Ltd (Registered number: 06547017)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2020
and 31 March 2021 63,122
NET BOOK VALUE
At 31 March 2021 63,122
At 31 March 2020 63,122

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
170,000 Ordinary 1 170,000 170,000

8. ULTIMATE CONTROLLING PARTY

The controlling party is No one party has ultimate control.

Page 6