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REGISTERED NUMBER: 05790935 (England and Wales)















ACTION ARTS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023






ACTION ARTS LIMITED (REGISTERED NUMBER: 05790935)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACTION ARTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: A R Lamb





SECRETARY: Mr. A R Lamb





REGISTERED OFFICE: 74 Cardoness Road
Sheffield
South Yorkshire
S10 5RU





REGISTERED NUMBER: 05790935 (England and Wales)





ACCOUNTANTS: Duncan Chartered Accountants
5 Cherrytree
Union Road
Sheffield
South Yorkshire
S11 9EF

ACTION ARTS LIMITED (REGISTERED NUMBER: 05790935)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,574 10,097
Tangible assets 5 - -
7,574 10,097

CURRENT ASSETS
Debtors 6 678 1,648
Cash at bank - 299
678 1,947
CREDITORS
Amounts falling due within one year 7 18,252 11,035
NET CURRENT LIABILITIES (17,574 ) (9,088 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,000

)

1,009

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings (11,000 ) 9
SHAREHOLDERS' FUNDS (10,000 ) 1,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

ACTION ARTS LIMITED (REGISTERED NUMBER: 05790935)

BALANCE SHEET - continued
30 APRIL 2023


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 31 October 2023 and were signed by:





A R Lamb - Director


ACTION ARTS LIMITED (REGISTERED NUMBER: 05790935)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Action Arts 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

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

ACTION ARTS LIMITED (REGISTERED NUMBER: 05790935)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 50,469
AMORTISATION
At 1 May 2022 40,372
Charge for year 2,523
At 30 April 2023 42,895
NET BOOK VALUE
At 30 April 2023 7,574
At 30 April 2022 10,097

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2022
and 30 April 2023 4,682
DEPRECIATION
At 1 May 2022
and 30 April 2023 4,682
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 678 1,648

ACTION ARTS LIMITED (REGISTERED NUMBER: 05790935)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 1,973 300
Trade creditors 3,633 1,068
Tax - 1,004
VAT 658 665
Directors' current accounts 11,088 7,098
Accrued expenses 900 900
18,252 11,035

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
1,000 Ordinary £1 1,000 1,000