Acoms Limited - Filleted accounts

Acoms Limited - Filleted accounts

ACOMS LIMITED - Company Information

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Registered number
06666778
Acoms Limited
Filleted Accounts
31 March 2023
Acoms Limited
Registered number: 06666778
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 107,314 88,727
Current assets
Stocks 32,360 33,056
Debtors 4 321,093 203,715
Cash at bank and in hand 137,136 43,979
490,589 280,750
Creditors: amounts falling due within one year 5 (197,086) (48,103)
Net current assets 293,503 232,647
Net assets 400,817 321,374
Capital and reserves
Called up share capital 100 100
Profit and loss account 400,717 321,274
Shareholders' funds 400,817 321,374
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Barker
Director
Approved by the board on 5 October 2023
Acoms Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 20 20
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 200,678 90,691 291,369
Additions - 46,500 46,500
At 31 March 2023 200,678 137,191 337,869
Depreciation
At 1 April 2022 141,739 60,903 202,642
Charge for the year 8,841 19,072 27,913
At 31 March 2023 150,580 79,975 230,555
Net book value
At 31 March 2023 50,098 57,216 107,314
At 31 March 2022 58,939 29,788 88,727
4 Debtors 2023 2022
£ £
Trade debtors 321,093 203,715
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts - 37,240
Trade creditors 148,638 28,806
Corporation tax 42,991 27,965
Other taxes and social security costs (17,585) (45,908)
Other creditors 23,042 -
197,086 48,103
6 Other information
Acoms Limited is a private company limited by shares and incorporated in England. Its registered office is:
57 Windmill Street
Gravesend
Kent
DA12 1BB
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