Acumen Trading Limited - Accounts to registrar (filleted) - small 18.2

Acumen Trading Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 05730815(England and Wales)














ACUMEN TRADING LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2020






ACUMEN TRADING LIMITED (REGISTERED NUMBER: 05730815)

Contents of the Financial Statements
for the Year Ended 31 March 2020










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4


ACUMEN TRADING LIMITED

Company Information
for the Year Ended 31 March 2020







Director: Mr S Mirza





Secretary: Mrs S Shahid





Registered office: Artisans House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF





Registered number: 05730815(England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

ACUMEN TRADING LIMITED (REGISTERED NUMBER: 05730815)

Balance Sheet
31 March 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Debtors 4 404 293
Cash at bank and in hand 509 102
913 395
CREDITORS
Amounts falling due within one year 5 867 3,670
NET CURRENT ASSETS/(LIABILITIES) 46 (3,275 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

46

(3,275

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (54 ) (3,375 )
SHAREHOLDERS' FUNDS 46 (3,275 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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.

ACUMEN TRADING LIMITED (REGISTERED NUMBER: 05730815)

Balance Sheet - continued
31 March 2020


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 and authorised for issue on 18 November 2020and were signed by:





Mr S Mirza- Director


ACUMEN TRADING LIMITED (REGISTERED NUMBER: 05730815)

Notes to the Financial Statements
for the Year Ended 31 March 2020


1. STATUTORY INFORMATION

Acumen Trading Limited 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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1(2019 - NIL ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 404 293

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 1 431
Taxation and social security 1 -
Other creditors 865 3,239
867 3,670