Acm Surrey Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11750659 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2023

for

Acm Surrey Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

Current assets

Stocks

4

14,202

-

Debtors

5

1,643

-

Cash at bank

99,580

108,045

115,425

108,045

Creditors

Amounts falling due within one year

6

(65,741

)

(54,996

)

Net current assets

49,684

53,049

Total assets less current liabilities

49,684

53,049

Creditors

Amounts falling due after more than one year

7

(41,751

)

(47,751

)

Net assets

7,933

5,298

Capital and reserves

Called up share capital

9

1

1

Retained earnings

10

7,932

5,297

Shareholders' funds

7,933

5,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 November 2023 and were signed by:

Gholam Ghaisar - Director

1.	Statutory information

Acm Surrey Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11750659

Registered office:

Unit 2 Davis Road

Chessington Industrial Estate

Tolworth

Surrey

KT9 1TT

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	Employees and directors

The average number of employees during the year was 2 (2022 - 1 ) .

4.

Stocks

31.1.23

31.1.22

£

£

Finished goods

14,202

-

5.

Debtors: amounts falling due within one year

31.1.23

31.1.22

£

£

VAT

1,643

-

6.

Creditors: amounts falling due within one year

31.1.23

31.1.22

£

£

Trade creditors

65,047

48,624

Corporation tax

694

3,728

VAT

-

2,644

65,741

54,996

7.

Creditors: amounts falling due after more than one year

31.1.23

31.1.22

£

£

Bank loans (see note 8)

41,751

47,751

8.

Loans

An analysis of the maturity of loans is given below:

31.1.23

31.1.22

£

£

Amounts falling due between one and two years:

Bank loans > 1 year

41,751

47,751

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.23

31.1.22

value:

£

£

100

ORDINARY SHARES

1

1

1

10.

Reserves

Retained

earnings

£

At 1 February 2022

5,297

Profit for the year

2,635

At 31 January 2023

7,932