Registered number
06024029
Aktiv Solutions Limited
Filleted Accounts
30 June 2023
Aktiv Solutions Limited
Registered number: 06024029
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 41,422 37,499
Current assets
Debtors 4 1,084,741 1,026,242
Cash at bank and in hand 413,714 332,965
1,498,455 1,359,207
Creditors: amounts falling due within one year 5 (151,488) (102,126)
Net current assets 1,346,967 1,257,081
Total assets less current liabilities 1,388,389 1,294,580
Creditors: amounts falling due after more than one year 6 (34,135) (42,026)
Provisions for liabilities (10,165) (3,433)
Net assets 1,344,089 1,249,121
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,344,087 1,249,119
Shareholders' funds 1,344,089 1,249,121
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E L Brown
Director
Approved by the board on 11 April 2024
Aktiv Solutions Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10%/20%/25% straight line
Motor vehicles 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2022 750,414 41,645 792,059
Additions - 38,000 38,000
Disposals - (23,150) (23,150)
At 30 June 2023 750,414 56,495 806,909
Depreciation
At 1 July 2022 725,899 28,661 754,560
Charge for the year 23,894 701 24,595
On disposals - (13,668) (13,668)
At 30 June 2023 749,793 15,694 765,487
Net book value
At 30 June 2023 621 40,801 41,422
At 30 June 2022 24,515 12,984 37,499
4 Debtors 2023 2022
£ £
Trade debtors 125,354 66,855
Other debtors 959,387 959,387
1,084,741 1,026,242
Amounts due after more than one year included above 959,387 959,387
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,271 5,110
Trade creditors 72,183 49,499
Taxation and social security costs 55,589 35,367
Other creditors 18,445 12,150
151,488 102,126
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 34,135 39,482
Trade creditors - 2,544
34,135 42,026
7 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 10,648 16,204
8 Other information
Aktiv Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
52 Leicester Street
Bulkington
Bedworth
Warwickshire
CV12 9NG
Aktiv Solutions Limited 06024029 false 2022-07-01 2023-06-30 2023-06-30 VT Final Accounts October 2023 release 2 E L Brown No description of principal activity 06024029 2021-07-01 2022-06-30 06024029 core:WithinOneYear 2022-06-30 06024029 core:AfterOneYear 2022-06-30 06024029 core:ShareCapital 2022-06-30 06024029 core:RetainedEarningsAccumulatedLosses 2022-06-30 06024029 2022-07-01 2023-06-30 06024029 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 06024029 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 06024029 bus:Director40 2022-07-01 2023-06-30 06024029 1 2022-07-01 2023-06-30 06024029 2 2022-07-01 2023-06-30 06024029 core:PlantMachinery 2022-07-01 2023-06-30 06024029 core:Vehicles 2022-07-01 2023-06-30 06024029 countries:England 2022-07-01 2023-06-30 06024029 bus:FRS102 2022-07-01 2023-06-30 06024029 bus:FullAccounts 2022-07-01 2023-06-30 06024029 2023-06-30 06024029 core:WithinOneYear 2023-06-30 06024029 core:AfterOneYear 2023-06-30 06024029 core:ShareCapital 2023-06-30 06024029 core:RetainedEarningsAccumulatedLosses 2023-06-30 06024029 core:PlantMachinery 2023-06-30 06024029 core:Vehicles 2023-06-30 06024029 2022-06-30 06024029 core:PlantMachinery 2022-06-30 06024029 core:Vehicles 2022-06-30 iso4217:GBP xbrli:pure