Acorn Valley Ltd - Accounts to registrar (filleted) - small 18.2

Acorn Valley Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 09426117(England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2019

for

Acorn Valley Ltd

Acorn Valley Ltd (Registered number: 09426117)






Contents of the Financial Statements
for the Year Ended 31 March 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Acorn Valley Ltd

Company Information
for the Year Ended 31 March 2019







DIRECTOR: Ben Gardiner





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX





REGISTERED NUMBER: 09426117(England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

Acorn Valley Ltd (Registered number: 09426117)

Balance Sheet
31 March 2019

31.3.19 31.3.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,375 -

CURRENT ASSETS
Debtors 5 26,554 22,155
Cash at bank 456 3,376
27,010 25,531
CREDITORS
Amounts falling due within one year 6 23,919 25,397
NET CURRENT ASSETS 3,091 134
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,466

134

CREDITORS
Amounts falling due after more than
one year

7

10,606

-
NET ASSETS 7,860 134

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 7,859 133
SHAREHOLDERS' FUNDS 7,860 134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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.

Acorn Valley Ltd (Registered number: 09426117)

Balance Sheet - continued
31 March 2019


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 20 December 2019and were signed by:





Ben Gardiner- Director


Acorn Valley Ltd (Registered number: 09426117)

Notes to the Financial Statements
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

Acorn Valley Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of
Income and Retained Earnings, 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.

Acorn Valley Ltd (Registered number: 09426117)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1(2018 - 1) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 20,500
At 31 March 2019 20,500
DEPRECIATION
Charge for year 5,125
At 31 March 2019 5,125
NET BOOK VALUE
At 31 March 2019 15,375

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Trade debtors 1,119 -
Other debtors 25,435 22,155
26,554 22,155

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Hire purchase contracts 3,900 -
Taxation and social security 16,020 22,346
Other creditors 3,999 3,051
23,919 25,397

Acorn Valley Ltd (Registered number: 09426117)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.19 31.3.18
£    £   
Hire purchase contracts 10,606 -

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.19 31.3.18
value: £    £   
1 Ordinary £1 1 1

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended
31 March 2019 and 31 March 2018:

31.3.19 31.3.18
£    £   
Ben Gardiner
Balance outstanding at start of year 22,155 11,637
Amounts advanced - 10,518
Amounts repaid 1,368 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,523 22,155

Included in debtors is an amount due from the director oas above. This loan is interest free,
undated, unsecured and repayable on demand.

10. RELATED PARTY DISCLOSURES

The controlling party is Ben Gardiner.