Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mrs Y C Hartley 01/04/2023 Dr M B Ter Haar 03/05/2017 09 August 2024 The principal activity of the Company during the financial year was retail sale via mail order or via Internet of solutions for those working with individuals with dementia. 07178699 2024-03-31 07178699 bus:Director1 2024-03-31 07178699 bus:Director2 2024-03-31 07178699 2023-03-31 07178699 core:CurrentFinancialInstruments 2024-03-31 07178699 core:CurrentFinancialInstruments 2023-03-31 07178699 core:Non-currentFinancialInstruments 2024-03-31 07178699 core:Non-currentFinancialInstruments 2023-03-31 07178699 core:ShareCapital 2024-03-31 07178699 core:ShareCapital 2023-03-31 07178699 core:RetainedEarningsAccumulatedLosses 2024-03-31 07178699 core:RetainedEarningsAccumulatedLosses 2023-03-31 07178699 core:FurnitureFittings 2023-03-31 07178699 core:OfficeEquipment 2023-03-31 07178699 core:FurnitureFittings 2024-03-31 07178699 core:OfficeEquipment 2024-03-31 07178699 bus:OrdinaryShareClass1 2024-03-31 07178699 core:WithinOneYear 2024-03-31 07178699 core:WithinOneYear 2023-03-31 07178699 core:BetweenOneFiveYears 2024-03-31 07178699 core:BetweenOneFiveYears 2023-03-31 07178699 2023-04-01 2024-03-31 07178699 bus:FilletedAccounts 2023-04-01 2024-03-31 07178699 bus:SmallEntities 2023-04-01 2024-03-31 07178699 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07178699 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07178699 bus:Director1 2023-04-01 2024-03-31 07178699 bus:Director2 2023-04-01 2024-03-31 07178699 core:FurnitureFittings core:TopRangeValue 2023-04-01 2024-03-31 07178699 core:OfficeEquipment core:TopRangeValue 2023-04-01 2024-03-31 07178699 2022-04-01 2023-03-31 07178699 core:CurrentFinancialInstruments 2023-04-01 2024-03-31 07178699 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 07178699 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 07178699 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07178699 (England and Wales)

ACTIVITIES TO SHARE LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

ACTIVITIES TO SHARE LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

ACTIVITIES TO SHARE LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
ACTIVITIES TO SHARE LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Current assets
Stocks 63,357 51,394
Debtors 4 47,500 97,714
Cash at bank and in hand 1 0
110,858 149,108
Creditors: amounts falling due within one year 5 ( 96,591) ( 115,442)
Net current assets 14,267 33,666
Total assets less current liabilities 14,267 33,666
Creditors: amounts falling due after more than one year 6 ( 28,704) ( 34,259)
Net liabilities ( 14,437) ( 593)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 14,537 ) ( 693 )
Total shareholder's deficit ( 14,437) ( 593)

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Activities to Share Ltd (registered number: 07178699) were approved and authorised for issue by the Board of Directors on 09 August 2024. They were signed on its behalf by:

Dr M B Ter Haar
Director
ACTIVITIES TO SHARE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
ACTIVITIES TO SHARE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Activities to Share Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 131 South Liberty Lane, Ashton Vale, Bristol, BS3 2SZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £14,437. The Company is supported through loans from the Parent Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 4 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 4

3. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 April 2023 8,880 5,316 14,196
At 31 March 2024 8,880 5,316 14,196
Accumulated depreciation
At 01 April 2023 8,880 5,316 14,196
At 31 March 2024 8,880 5,316 14,196
Net book value
At 31 March 2024 0 0 0
At 31 March 2023 0 0 0

4. Debtors

2024 2023
£ £
Trade debtors 41,669 90,815
Prepayments 5,831 6,899
47,500 97,714

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 30,473 23,559
Trade creditors 13,283 22,120
Amounts owed to Group undertakings 41,548 34,178
Accruals 2,999 18,998
Taxation and social security 7,608 16,334
Other creditors 680 253
96,591 115,442

There are no amounts included above in respect of which any security has been given by the small entity.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 28,704 34,259

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 1,560 3,729
between one and five years 0 1,560
1,560 5,289

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2024 2023
£ £
Unpaid contributions due to the fund (inc. in other creditors) 399 253

9. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
£ £
Amounts owed to holding company 41,548 34,496

The amount is interest free and there is no fixed date for repayment

During the year the Company has taken advantage of the exemption in section 1AC.35 of FRS 102 to not disclose related party transactions with wholly owned subsidiaries within the group.