Company Registration No. 07461403 (England and Wales)
ACT PROPERTY SERVICES LTD
Unaudited accounts
for the year ended 31 January 2023
ACT PROPERTY SERVICES LTD
Unaudited accounts
Contents
ACT PROPERTY SERVICES LTD
Company Information
for the year ended 31 January 2023
Directors
Mr Tomas Bowen-Perkins
Mr Alexander Jackson
Ms S Bowen-Perkins
Dr R Alder
Company Number
07461403 (England and Wales)
Registered Office
Old Gospel Hall
115a Anyards Road
Cobham
KT11 2LJ
England
Accountants
Lane Accounting Limited
Denmark House
143 High Street
Chalfont St Peter
Buckinghamshire
SL9 9QL
ACT PROPERTY SERVICES LTD
Statement of financial position
as at 31 January 2023
Tangible assets
605,650
679,927
Cash at bank and in hand
151,793
107,099
Creditors: amounts falling due within one year
(217,054)
(146,988)
Net current assets
135,037
96,310
Total assets less current liabilities
740,687
776,237
Creditors: amounts falling due after more than one year
(273,064)
(283,323)
Net assets
467,623
492,914
Called up share capital
400
400
Profit and loss account
467,223
492,514
Shareholders' funds
467,623
492,914
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by
Mr Alexander Jackson
Director
Company Registration No. 07461403
ACT PROPERTY SERVICES LTD
Notes to the Accounts
for the year ended 31 January 2023
ACT PROPERTY SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 07461403. The registered office is Old Gospel Hall, 115a Anyards Road, Cobham, KT11 2LJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% per annum of cost
Plant & machinery
25% per annum of cost
Fixtures & fittings
25% per annum of cost
Expenditure on research and development is written off in the year in which it is incurred.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
ACT PROPERTY SERVICES LTD
Notes to the Accounts
for the year ended 31 January 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2022
676,121
202,293
63,617
942,031
Additions
7,330
-
36,492
43,822
At 31 January 2023
683,451
202,293
100,109
985,853
At 1 February 2022
67,612
143,179
51,313
262,104
Charge for the year
68,345
34,417
15,337
118,099
At 31 January 2023
135,957
177,596
66,650
380,203
At 31 January 2023
547,494
24,697
33,459
605,650
At 31 January 2022
608,509
59,114
12,304
679,927
Amounts falling due within one year
Trade debtors
197,941
128,695
Accrued income and prepayments
2,357
904
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
28,800
28,800
Trade creditors
12,603
23,113
Amounts owed to group undertakings and other participating interests
4,522
336
Taxes and social security
44,625
74,987
Other creditors
41,162
16,876
Loans from directors
(2,354)
176
The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
ACT PROPERTY SERVICES LTD
Notes to the Accounts
for the year ended 31 January 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
273,064
283,323
Aggregate of amounts that fall due for payment after five years
191,000
191,000
The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
Allotted, called up and fully paid:
300 Ordinary shares of £1 each
300
300
100 Ordinary B shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 25 (2022: 25).