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REGISTERED NUMBER: 07697296 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Akteeve Limited

Akteeve Limited (Registered number: 07697296)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Akteeve Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Ms M Demetre





REGISTERED OFFICE: 26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN





REGISTERED NUMBER: 07697296 (England and Wales)





ACCOUNTANTS: Lawrence & Company
Chartered Certified Accountants
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN

Akteeve Limited (Registered number: 07697296)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 491,140 491,520

CURRENT ASSETS
Debtors 5 43,973 33,500
Cash at bank 493,211 244,938
537,184 278,438
CREDITORS
Amounts falling due within one year 6 166,722 72,998
NET CURRENT ASSETS 370,462 205,440
TOTAL ASSETS LESS CURRENT
LIABILITIES

861,602

696,960

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 861,502 696,860
SHAREHOLDERS' FUNDS 861,602 696,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 11 September 2023 and were signed by:





Ms M Demetre - Director


Akteeve Limited (Registered number: 07697296)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Akteeve 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.

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.
Fixtures and fittings - 25% on reducing balance

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 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 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 1 (2022 - 1 ) .

Akteeve Limited (Registered number: 07697296)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 490,000 5,534 495,534
DEPRECIATION
At 1 August 2022 - 4,014 4,014
Charge for year - 380 380
At 31 July 2023 - 4,394 4,394
NET BOOK VALUE
At 31 July 2023 490,000 1,140 491,140
At 31 July 2022 490,000 1,520 491,520

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 43,973 33,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Tax 144,466 68,440
Social security and other taxes 4,536 3,681
Other creditors 248 290
Directors' loan accounts 17,397 337
Accrued expenses 75 250
166,722 72,998

7. RESERVES
Retained
earnings
£   

At 1 August 2022 696,860
Profit for the year 278,642
Dividends (114,000 )
At 31 July 2023 861,502

Akteeve Limited (Registered number: 07697296)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
Ms M Demetre
Balance outstanding at start of year (337 ) (692 )
Amounts advanced (21,914 ) (2,736 )
Amounts repaid 4,854 3,091
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (17,397 ) (337 )

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £114,000 (2022 - £116,520) were paid to the director .

Along with many companies of similar size and nature, the company operates a directors loan account to facilitate some of the its financial transactions, the movements in this account are summarised above.