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REGISTERED NUMBER: 02519810 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for


Schemeaction Limited



Schemeaction Limited (Registered number: 02519810)








Contents of the Financial Statements

for the Year Ended 31 December 2023





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4





Schemeaction Limited



Company Information

for the Year Ended 31 December 2023









DIRECTORS:

P A Leach


R F H Leach


Mrs F J Balfour







SECRETARY:

P A Leach







REGISTERED OFFICE:

Suite 4


10/12 The Grove


Ilkley


West Yorkshire


LS29 9EG







REGISTERED NUMBER:

02519810 (England and Wales)







ACCOUNTANTS:

SKS Bailey Group Limited


Suite 4, 10/12 The Grove,


Ilkley


West Yorkshire


LS29 9EG



Schemeaction Limited (Registered number: 02519810)



Balance Sheet

31 December 2023



2023


2022


Notes

£   

£   


FIXED ASSETS

Tangible assets

3

140,200


140,383



Investments

4

328,737


324,534



468,937


464,917




CURRENT ASSETS

Debtors

5

2,265


2,092



Cash at bank

55,246


51,063



57,511


53,155



CREDITORS

Amounts falling due within one year

6

(47,712

)

(37,186

)


NET CURRENT ASSETS

9,799


15,969



TOTAL ASSETS LESS CURRENT

LIABILITIES

478,736


480,886




CAPITAL AND RESERVES

Called up share capital

7

40,000


40,000



Share premium

8

426,267


426,267



Retained earnings

8

12,469


14,619



SHAREHOLDERS' FUNDS

478,736


480,886




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


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



Schemeaction Limited (Registered number: 02519810)



Balance Sheet - continued

31 December 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 7 June 2024 and were signed on its behalf by:






P A Leach - Director




Schemeaction Limited (Registered number: 02519810)



Notes to the Financial Statements

for the Year Ended 31 December 2023


1.

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.    



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

-

33% on cost


Computer equipment

-

33% on 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.

2.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 2 (2022 - 2 ) .


3.

TANGIBLE FIXED ASSETS


Fixtures



Freehold


and


Computer



property


fittings


equipment


Totals

£   

£   

£   

£   



COST


At 1 January 2023


and 31 December 2023

139,800


2,360


2,293


144,453




DEPRECIATION


At 1 January 2023

-


2,360


1,710


4,070




Charge for year

-


-


183


183




At 31 December 2023

-


2,360


1,893


4,253




NET BOOK VALUE


At 31 December 2023

139,800


-


400


140,200




At 31 December 2022

139,800


-


583


140,383





Schemeaction Limited (Registered number: 02519810)



Notes to the Financial Statements - continued

for the Year Ended 31 December 2023


4.

FIXED ASSET INVESTMENTS


Listed


investments

£   



COST


At 1 January 2023

324,534




Additions

4,203




At 31 December 2023

328,737




NET BOOK VALUE


At 31 December 2023

328,737




At 31 December 2022

324,534




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Prepayments

2,265


2,092




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Corporation tax

2,468


2,164




Proposed dividends

30,000


20,000




Directors' current accounts

11,500


11,500




Accrued expenses

3,744


3,522



47,712


37,186




7.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2023

2022



value:

£   

£   



40,000

Ordinary

£1

40,000


40,000




8.

RESERVES


Retained


Share



earnings


premium


Totals

£   

£   

£   




At 1 January 2023

14,619


426,267


440,886




Profit for the year

27,850


27,850




Dividends

(30,000

)

(30,000

)



At 31 December 2023

12,469


426,267


438,736




9.

RELATED PARTY DISCLOSURES



During the year, total dividends of £10,984 (2022 - £27,460) were paid to the directors .



Schemeaction Limited (Registered number: 02519810)



Notes to the Financial Statements - continued

for the Year Ended 31 December 2023


10.

ULTIMATE CONTROLLING PARTY



The controlling party is the Leach family.