REGISTERED NUMBER: |
Financial Statements |
for the Period |
1 April 2022 to 30 September 2023 |
for |
Acti Consulting Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Period |
1 April 2022 to 30 September 2023 |
for |
Acti Consulting Limited |
Acti Consulting Limited (Registered number: 09470037) |
Contents of the Financial Statements |
for the Period 1 April 2022 to 30 September 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Acti Consulting Limited |
Company Information |
for the Period 1 April 2022 to 30 September 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Oriel House |
2-8 Oriel Road |
Bootle |
Liverpool |
Merseyside |
L20 7EP |
Acti Consulting Limited (Registered number: 09470037) |
Balance Sheet |
30 September 2023 |
30.9.23 | 31.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Revaluation reserve | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
Acti Consulting Limited (Registered number: 09470037) |
Balance Sheet - continued |
30 September 2023 |
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 Board of Directors and authorised for issue on |
Acti Consulting Limited (Registered number: 09470037) |
Notes to the Financial Statements |
for the Period 1 April 2022 to 30 September 2023 |
1. | STATUTORY INFORMATION |
Acti Consulting Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. It is measured at the fair value of the consideration due. |
Intangible asset |
The intangible asset reflects the costs of developing actuarial modelling tools. The asset is now fully developed and available for use. The company expects to generate future economic benefit from the asset and can demonstrate the existence of a market for the output. |
Initially recognised at cost, the asset has since been measured under the revaluation model at a value the directors consider to be reflective of its fair value. |
Revaluations shall be made on a regular basis, at least annually, to ensure the carrying amount does not differ materially from that which would be determined using fair value at the end of any reporting period. |
Taxation |
Taxation for the period 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Acti Consulting Limited (Registered number: 09470037) |
Notes to the Financial Statements - continued |
for the Period 1 April 2022 to 30 September 2023 |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST OR VALUATION |
At 1 April 2022 |
and 30 September 2023 |
AMORTISATION |
At 1 April 2022 |
and 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 31 March 2022 |
Cost or valuation at 30 September 2023 is represented by: |
Other |
intangible |
assets |
£ |
Valuation in 2017 | 738,500 |
Valuation in 2021 | 100,000 |
838,500 |
Development costs were valued by the directors on 31 March 2021. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.23 | 31.3.22 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.23 | 31.3.22 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
Acti Consulting Limited (Registered number: 09470037) |
Notes to the Financial Statements - continued |
for the Period 1 April 2022 to 30 September 2023 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.23 | 31.3.22 |
value: | £ | £ |
Ordinary | £1 | 100 | 3 |
8. | RESERVES |
Revaluation |
reserve |
£ |
At 1 April 2022 |
and 30 September 2023 |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the period ended 30 September 2023 and the year ended 31 March 2022: |
30.9.23 | 31.3.22 |
£ | £ |
Balance outstanding at start of period |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
Balance outstanding at start of period |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
The directors loan accounts are provided interest free and are repayable on demand. |