IRIS Accounts Production v24.1.0.578 07197263 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false A Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071972632023-03-31071972632024-03-31071972632023-04-012024-03-31071972632022-03-31071972632022-04-012023-03-31071972632023-03-3107197263ns15:EnglandWales2023-04-012024-03-3107197263ns14:PoundSterling2023-04-012024-03-3107197263ns10:Director12023-04-012024-03-3107197263ns10:Director22023-04-012024-03-3107197263ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107197263ns10:SmallEntities2023-04-012024-03-3107197263ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107197263ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107197263ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107197263ns10:FullAccounts2023-04-012024-03-310719726312023-04-012024-03-3107197263ns10:OrdinaryShareClass12023-04-012024-03-3107197263ns10:OrdinaryShareClass22023-04-012024-03-3107197263ns10:RegisteredOffice2023-04-012024-03-3107197263ns5:CurrentFinancialInstruments2024-03-3107197263ns5:CurrentFinancialInstruments2023-03-3107197263ns5:ShareCapital2024-03-3107197263ns5:ShareCapital2023-03-3107197263ns5:RetainedEarningsAccumulatedLosses2024-03-3107197263ns5:RetainedEarningsAccumulatedLosses2023-03-3107197263ns5:NetGoodwill2023-04-012024-03-3107197263ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107197263ns5:PlantMachinery2023-04-012024-03-3107197263ns5:FurnitureFittings2023-04-012024-03-3107197263ns5:ComputerEquipment2023-04-012024-03-3107197263ns5:NetGoodwill2023-03-3107197263ns5:NetGoodwill2024-03-3107197263ns5:NetGoodwill2023-03-3107197263ns5:PlantMachinery2023-03-3107197263ns5:FurnitureFittings2023-03-3107197263ns5:ComputerEquipment2023-03-3107197263ns5:PlantMachinery2024-03-3107197263ns5:FurnitureFittings2024-03-3107197263ns5:ComputerEquipment2024-03-3107197263ns5:PlantMachinery2023-03-3107197263ns5:FurnitureFittings2023-03-3107197263ns5:ComputerEquipment2023-03-3107197263ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107197263ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107197263ns10:OrdinaryShareClass12024-03-3107197263ns10:OrdinaryShareClass22024-03-31
REGISTERED NUMBER: 07197263 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

ACTION COMMUNICATIONS GROUP LIMITED

ACTION COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 07197263)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACTION COMMUNICATIONS GROUP LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Ms C Thompson
D Pearson





REGISTERED OFFICE: Fora, 35-41 Folgate Street
London
E1 6BX





REGISTERED NUMBER: 07197263 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

ACTION COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 07197263)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 33,000 39,600
Tangible assets 5 31,855 38,230
64,855 77,830

CURRENT ASSETS
Debtors 6 183,283 563,982
Cash at bank 228,642 827,937
411,925 1,391,919
CREDITORS
Amounts falling due within one year 7 107,237 193,490
NET CURRENT ASSETS 304,688 1,198,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

369,543

1,276,259

PROVISIONS FOR LIABILITIES 3,970 7,264
NET ASSETS 365,573 1,268,995

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 365,473 1,268,895
SHAREHOLDERS' FUNDS 365,573 1,268,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ACTION COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 07197263)

Balance Sheet - continued
31 March 2024


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 26 July 2024 and were signed on its behalf by:




Ms C Thompson - Director



D Pearson - Director


ACTION COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 07197263)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Action Communications Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Office/Computer equipment - 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.

ACTION COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 07197263)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 66,000
AMORTISATION
At 1 April 2023 26,400
Charge for year 6,600
At 31 March 2024 33,000
NET BOOK VALUE
At 31 March 2024 33,000
At 31 March 2023 39,600

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Office/Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 98,508 478 21,984 120,970
Additions - - 469 469
At 31 March 2024 98,508 478 22,453 121,439
DEPRECIATION
At 1 April 2023 70,331 210 12,199 82,740
Charge for year 4,227 54 2,563 6,844
At 31 March 2024 74,558 264 14,762 89,584
NET BOOK VALUE
At 31 March 2024 23,950 214 7,691 31,855
At 31 March 2023 28,177 268 9,785 38,230

ACTION COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 07197263)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 173,083 156,744
Directors' current accounts - 400,098
Prepayments 10,200 7,140
183,283 563,982

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 46
Tax 21,526 88,644
Social security and other taxes 9,035 8,922
VAT 73,877 93,878
Accrued expenses 2,799 2,000
107,237 193,490

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
97 A Ordinary £1 97 97
3 B Ordinary £1 3 3
100 100