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REGISTERED NUMBER: 11651195 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ACTUS GROUP LTD

ACTUS GROUP LTD (REGISTERED NUMBER: 11651195)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACTUS GROUP LTD

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: Mr A J Shome
Mrs N R Shome





REGISTERED OFFICE: 71-75 Shelton Street
London
WC2H 9JQ





REGISTERED NUMBER: 11651195 (England and Wales)





ACCOUNTANTS: Kings Chartered Accountants
4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE

ACTUS GROUP LTD (REGISTERED NUMBER: 11651195)

BALANCE SHEET
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,709 1,380
Investments 5 5 5
31,714 1,385

CURRENT ASSETS
Stocks 6 - 1,500
Debtors 7 150,285 9,922
Cash at bank and in hand 686,737 7,543
837,022 18,965
CREDITORS
Amounts falling due within one year 8 245,129 19,617
NET CURRENT ASSETS/(LIABILITIES) 591,893 (652 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

623,607

733

CREDITORS
Amounts falling due after more than one
year

9

(292,193

)

-

PROVISIONS FOR LIABILITIES 10 (885 ) (262 )
NET ASSETS 330,529 471

CAPITAL AND RESERVES
Called up share capital 11 50 50
Retained earnings 330,479 421
SHAREHOLDERS' FUNDS 330,529 471

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

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

ACTUS GROUP LTD (REGISTERED NUMBER: 11651195)

BALANCE SHEET - continued
31 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 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 30 July 2024 and were signed on its behalf by:





Mr A J Shome - Director


ACTUS GROUP LTD (REGISTERED NUMBER: 11651195)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Actus Group Ltd 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 and net of discounts derived from ordinary activities. Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the service.

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 - 20% on reducing balance
Motor vehicles - 12.5% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

ACTUS GROUP LTD (REGISTERED NUMBER: 11651195)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year 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 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.

ACTUS GROUP LTD (REGISTERED NUMBER: 11651195)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 3,147 - 2,948 6,095
Additions - 32,990 200 33,190
At 31 October 2023 3,147 32,990 3,148 39,285
DEPRECIATION
At 1 November 2022 1,858 - 2,857 4,715
Charge for year 258 2,491 112 2,861
At 31 October 2023 2,116 2,491 2,969 7,576
NET BOOK VALUE
At 31 October 2023 1,031 30,499 179 31,709
At 31 October 2022 1,289 - 91 1,380

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 5
NET BOOK VALUE
At 31 October 2023 5
At 31 October 2022 5

6. STOCKS
31.10.23 31.10.22
£    £   
Work-in-progress - 1,500

ACTUS GROUP LTD (REGISTERED NUMBER: 11651195)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 149,611 1,266
Directors' current accounts - 8,656
Prepayments 674 -
150,285 9,922

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other loans 81,000 -
Hire purchase contracts 413 -
Taxation 13,028 8,091
Other creditors 148,900 -
Directors' current accounts 23 -
Accruals 1,765 11,526
245,129 19,617

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Rebuilding Society Loan 260,346 -
Hire purchase contracts 31,847 -
292,193 -

Amounts falling due in more than five years:

Repayable by instalments
Rebuilding Society Loan 260,346 -

10. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax
Accelerated capital allowances 885 262

Deferred
tax
£   
Balance at 1 November 2022 262
Charge to Statement of Income and Retained Earnings during year 623
Balance at 31 October 2023 885

ACTUS GROUP LTD (REGISTERED NUMBER: 11651195)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
40 Ordinary A £1 40 40
10 Ordinary B £1 10 10
50 50

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.10.23 31.10.22
£    £   
Mr A J Shome
Balance outstanding at start of year 8,656 -
Amounts advanced - 8,656
Amounts repaid (8,656 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 8,656