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Company Registration No. SC682220 (Scotland)
Activon Electrical Limited Unaudited accounts for the year ended 31 December 2022
Activon Electrical Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Inventories
3,838 
896 
Debtors
1,004 
860 
Cash at bank and in hand
- 
436 
4,842 
2,192 
Creditors: amounts falling due within one year
(20,250)
(11,677)
Net current liabilities
(15,408)
(9,485)
Net liabilities
(15,408)
(9,485)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(15,508)
(9,585)
Shareholders' funds
(15,408)
(9,485)
For the year ending 31 December 2022 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 director acknowledges his 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 and authorised for issue on 21 November 2023 and were signed on its behalf by
Mr S Bickerton Director Company Registration No. SC682220
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Activon Electrical Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Activon Electrical Limited is a private company, limited by shares, registered in Scotland, registration number SC682220. The registered office is Liberator House, Glasgow Prestwick Intl Airport, Prestwick, KA9 2PT, Scotland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
At the year end, the company had net liabilities of £14,375. The directors have confirmed that they will continue to provide financial support to the company until such time that the financial position improves. The directors therefore consider it appropriate to prepare the financial statements on a going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
469 
473 
Trade debtors
535 
- 
Accrued income and prepayments
- 
387 
1,004 
860 
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Activon Electrical Limited Notes to the Accounts for the year ended 31 December 2022
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
16 
- 
Trade creditors
2,496 
1,939 
Amounts owed to group undertakings and other participating interests
16,540 
7,660 
Loans from directors
1,078 
1,078 
Accruals
120 
1,000 
20,250 
11,677 
6
Transactions with related parties
At 31 December 2022, the company owed Activon Limited, a company in which S Bickerton are directors, £16,618. This amount is within other creditors and repayment terms have not been set yet.
7
Controlling party
The ultimate controlling party is the Bickerton family, who own 100% of the issued share capital.
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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