IRIS Accounts Production v24.1.9.2 05352085 Board of Directors Board of Directors 1.3.23 29.2.24 29.2.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure053520852023-02-28053520852024-02-29053520852023-03-012024-02-29053520852022-02-28053520852022-03-012023-02-28053520852023-02-2805352085ns16:EnglandWales2023-03-012024-02-2905352085ns15:PoundSterling2023-03-012024-02-2905352085ns11:Director12023-03-012024-02-2905352085ns11:Director22023-03-012024-02-2905352085ns11:PrivateLimitedCompanyLtd2023-03-012024-02-2905352085ns11:SmallEntities2023-03-012024-02-2905352085ns11:AuditExempt-NoAccountantsReport2023-03-012024-02-2905352085ns11:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2905352085ns11:SmallCompaniesRegimeForAccounts2023-03-012024-02-2905352085ns11:FullAccounts2023-03-012024-02-2905352085ns11:Director32023-03-012024-02-2905352085ns11:Director42023-03-012024-02-2905352085ns11:CompanySecretary12023-03-012024-02-2905352085ns11:RegisteredOffice2023-03-012024-02-2905352085ns6:CurrentFinancialInstruments2024-02-2905352085ns6:CurrentFinancialInstruments2023-02-2805352085ns6:ShareCapital2024-02-2905352085ns6:ShareCapital2023-02-2805352085ns6:SharePremium2024-02-2905352085ns6:SharePremium2023-02-2805352085ns6:RetainedEarningsAccumulatedLosses2024-02-2905352085ns6:RetainedEarningsAccumulatedLosses2023-02-2805352085ns6:OwnedOrFreeholdAssetsns6:LandBuildings2023-03-012024-02-2905352085ns6:MotorVehicles2023-03-012024-02-2905352085ns6:LandBuildings2023-02-2805352085ns6:MotorVehicles2023-02-2805352085ns6:LandBuildings2023-03-012024-02-2905352085ns6:LandBuildings2024-02-2905352085ns6:MotorVehicles2024-02-2905352085ns6:LandBuildings2023-02-2805352085ns6:MotorVehicles2023-02-2805352085ns6:CostValuation2023-02-2805352085ns6:WithinOneYearns6:CurrentFinancialInstruments2024-02-2905352085ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-28
REGISTERED NUMBER: 05352085 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

ACTIVE HOLDINGS LIMITED

ACTIVE HOLDINGS LIMITED (REGISTERED NUMBER: 05352085)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACTIVE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: M Adams
P Adams
Mrs S Adams
Mrs T Adams





SECRETARY: M Adams





REGISTERED OFFICE: Unit 46
Coneygre Industrial Estate
Tipton
West Midlands
DY4 8XP





REGISTERED NUMBER: 05352085 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

ACTIVE HOLDINGS LIMITED (REGISTERED NUMBER: 05352085)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 523,578 489,512
Investments 5 1,000 1,000
524,578 490,512

CURRENT ASSETS
Debtors 6 398,622 99,485
Cash at bank 446,478 400,354
845,100 499,839
CREDITORS
Amounts falling due within one year 7 94,419 185,848
NET CURRENT ASSETS 750,681 313,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,275,259

804,503

PROVISIONS FOR LIABILITIES 57,540 52,049
NET ASSETS 1,217,719 752,454

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 900 900
Retained earnings 1,216,719 751,454
1,217,719 752,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

ACTIVE HOLDINGS LIMITED (REGISTERED NUMBER: 05352085)

BALANCE SHEET - continued
29 FEBRUARY 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 June 2024 and were signed on its behalf by:




M Adams - Director



P Adams - Director


ACTIVE HOLDINGS LIMITED (REGISTERED NUMBER: 05352085)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Active Holdings 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost and 2% on cost
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

ACTIVE HOLDINGS LIMITED (REGISTERED NUMBER: 05352085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Motor
property vehicles Totals
£    £    £   
COST
At 1 March 2023 305,049 444,305 749,354
Additions - 111,500 111,500
Disposals - (15,500 ) (15,500 )
At 29 February 2024 305,049 540,305 845,354
DEPRECIATION
At 1 March 2023 43,413 216,429 259,842
Charge for year 6,000 67,923 73,923
Eliminated on disposal - (11,989 ) (11,989 )
At 29 February 2024 49,413 272,363 321,776
NET BOOK VALUE
At 29 February 2024 255,636 267,942 523,578
At 28 February 2023 261,636 227,876 489,512

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 1,000
NET BOOK VALUE
At 29 February 2024 1,000
At 28 February 2023 1,000

ACTIVE HOLDINGS LIMITED (REGISTERED NUMBER: 05352085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 357,220 -
Amounts owed by participating interests 15,000 15,000
Other debtors 26,402 84,485
398,622 99,485

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 81,969 66,477
Amounts owed to group undertakings - 107,972
Taxation and social security 5,538 1,105
Other creditors 6,912 10,294
94,419 185,848