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REGISTERED NUMBER: 03045048 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 OCTOBER 2023

FOR

ACTIVE ACCOUNTANCY LIMITED

ACTIVE ACCOUNTANCY LIMITED (REGISTERED NUMBER: 03045048)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 1 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ACTIVE ACCOUNTANCY LIMITED

COMPANY INFORMATION
for the Year Ended 1 October 2023







DIRECTORS: V McInman
Mrs K McInman





SECRETARY: V McInman





REGISTERED OFFICE: Sandall House
230 High Street
Herne Bay
Kent
CT6 5AX





REGISTERED NUMBER: 03045048 (England and Wales)





ACCOUNTANTS: H & E Johnson
Chartered Accountants
Sandall House
230 High Street
Herne Bay
Kent
CT6 5AX

ACTIVE ACCOUNTANCY LIMITED (REGISTERED NUMBER: 03045048)

STATEMENT OF FINANCIAL POSITION
1 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,012 948
Investments 5 158,543 172,199
Investment property 6 96,421 100,842
257,976 273,989

CURRENT ASSETS
Debtors 7 70,643 24,614
Cash at bank and in hand 757,862 867,873
828,505 892,487
CREDITORS
Amounts falling due within one year 8 42,129 42,404
NET CURRENT ASSETS 786,376 850,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,044,352

1,124,072

PROVISIONS FOR LIABILITIES 12,305 12,305
NET ASSETS 1,032,047 1,111,767

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 200,673 200,673
Retained earnings 9 831,372 911,092
SHAREHOLDERS' FUNDS 1,032,047 1,111,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 October 2023 in accordance with Section 476 of the Companies Act 2006.

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.

ACTIVE ACCOUNTANCY LIMITED (REGISTERED NUMBER: 03045048)

STATEMENT OF FINANCIAL POSITION - continued
1 October 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 Board of Directors and authorised for issue on 2 February 2024 and were signed on its behalf by:




V McInman - Director



Mrs K McInman - Director


ACTIVE ACCOUNTANCY LIMITED (REGISTERED NUMBER: 03045048)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 1 October 2023

1. STATUTORY INFORMATION

Active Accountancy 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Fixed Asset Investments are initially measured at fair value plus any directly attributable transaction costs. Subsequent to initial recognition, they are measured at fair value and changes therein, other than impairment losses and foreign currency differences on debt instruments are recognised in OCI and accumulated in the fair value reserve. When these assets are derecognised, the gain or loss accumulated in equity is reclassified to profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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 year was 2 (2022 - 2 ) .

ACTIVE ACCOUNTANCY LIMITED (REGISTERED NUMBER: 03045048)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 1 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 2 October 2022 9,048
Additions 3,067
At 1 October 2023 12,115
DEPRECIATION
At 2 October 2022 8,100
Charge for year 1,003
At 1 October 2023 9,103
NET BOOK VALUE
At 1 October 2023 3,012
At 1 October 2022 948

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 2 October 2022 172,199
Additions 1,590
Revaluations (15,246 )
At 1 October 2023 158,543
NET BOOK VALUE
At 1 October 2023 158,543
At 1 October 2022 172,199

Cost or valuation at 1 October 2023 is represented by:

Other
investments
£   
Valuation in 2018 (11,509 )
Valuation in 2019 27,450
Valuation in 2020 56,465
Valuation in 2021 (73,993 )
Valuation in 2022 4,766
Valuation in 2023 (15,246 )
Cost 170,610
158,543

ACTIVE ACCOUNTANCY LIMITED (REGISTERED NUMBER: 03045048)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 1 October 2023

5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 170,610 169,020
Aggregate provisions (12,067 ) -

Fixed asset investments were valued on an open market basis on 1 October 2023 by the investment managers. .

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 2 October 2022 194,287
Impairments (4,421 )
At 1 October 2023 189,866
DEPRECIATION
At 2 October 2022
and 1 October 2023 93,445
NET BOOK VALUE
At 1 October 2023 96,421
At 1 October 2022 100,842

Fair value at 1 October 2023 is represented by:
£   
Valuation in 2014 168,440
Valuation in 2015 (33,279 )
Valuation in 2016 86,096
Valuation in 2017 91,925
Valuation in 2018 (67,663 )
Valuation in 2019 84,567
Valuation in 2020 (83,606 )
Valuation in 2021 (108,926 )
Valuation in 2022 (76,915 )
Valuation in 2023 (4,421 )
Cost 133,648
189,866

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 133 133,648
Aggregate depreciation (93,445 ) (93,445 )

The investment property was valued on an open market basis on 1 October 2023 by the Director .

ACTIVE ACCOUNTANCY LIMITED (REGISTERED NUMBER: 03045048)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 1 October 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,840 -
Other debtors 42,803 24,614
70,643 24,614

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 19,005 28,199
Social security and other taxes 6,203 (3 )
Shareholders current accounts 13,412 -
Director's current account 2,680 11,906
Accrued expenses 829 2,302
42,129 42,404

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 2 October 2022 911,092 200,673 1,111,765
Profit for the year 60,280 60,280
Dividends (140,000 ) (140,000 )
At 1 October 2023 831,372 200,673 1,032,045