IRIS Accounts Production v24.2.0.383 01600790 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh016007902022-12-31016007902023-12-31016007902023-01-012023-12-31016007902021-12-31016007902022-01-012022-12-31016007902022-12-3101600790ns15:EnglandWales2023-01-012023-12-3101600790ns14:PoundSterling2023-01-012023-12-3101600790ns10:Director12023-01-012023-12-3101600790ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3101600790ns10:SmallEntities2023-01-012023-12-3101600790ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3101600790ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101600790ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101600790ns10:FullAccounts2023-01-012023-12-3101600790ns10:OrdinaryShareClass12023-01-012023-12-3101600790ns10:Director22023-01-012023-12-3101600790ns10:Director32023-01-012023-12-3101600790ns10:CompanySecretary12023-01-012023-12-3101600790ns10:RegisteredOffice2023-01-012023-12-3101600790ns5:CurrentFinancialInstruments2023-12-3101600790ns5:CurrentFinancialInstruments2022-12-3101600790ns5:Non-currentFinancialInstruments2023-12-3101600790ns5:Non-currentFinancialInstruments2022-12-3101600790ns5:ShareCapital2023-12-3101600790ns5:ShareCapital2022-12-3101600790ns5:RetainedEarningsAccumulatedLosses2023-12-3101600790ns5:RetainedEarningsAccumulatedLosses2022-12-3101600790ns5:PlantMachinery2023-01-012023-12-3101600790ns5:FurnitureFittings2023-01-012023-12-3101600790ns5:MotorVehicles2023-01-012023-12-3101600790ns5:ComputerEquipment2023-01-012023-12-3101600790ns5:LandBuildingsns5:ShortLeaseholdAssets2022-12-3101600790ns5:PlantMachinery2022-12-3101600790ns5:FurnitureFittings2022-12-3101600790ns5:LandBuildingsns5:ShortLeaseholdAssets2023-01-012023-12-3101600790ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3101600790ns5:PlantMachinery2023-12-3101600790ns5:FurnitureFittings2023-12-3101600790ns5:LandBuildingsns5:ShortLeaseholdAssets2022-12-3101600790ns5:PlantMachinery2022-12-3101600790ns5:FurnitureFittings2022-12-3101600790ns5:MotorVehicles2022-12-3101600790ns5:ComputerEquipment2022-12-3101600790ns5:MotorVehicles2023-12-3101600790ns5:ComputerEquipment2023-12-3101600790ns5:MotorVehicles2022-12-3101600790ns5:ComputerEquipment2022-12-3101600790ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3101600790ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3101600790ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3101600790ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3101600790ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3101600790ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3101600790ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3101600790ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3101600790ns5:DeferredTaxation2022-12-3101600790ns5:DeferredTaxation2023-01-012023-12-3101600790ns5:DeferredTaxation2023-12-3101600790ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 01600790 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

ACTION ROADWAYS LIMITED

ACTION ROADWAYS LIMITED (REGISTERED NUMBER: 01600790)

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


ACTION ROADWAYS LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr Sela Koydengoctu
Mr Stephen Alexander Thompson
Mrs Pinar Koydengoctu





SECRETARY: Mrs Pinar Koydengoctu





REGISTERED OFFICE: The Engine House
2 Veridon Way
Erith
Kent
DA18 4AL





REGISTERED NUMBER: 01600790 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

ACTION ROADWAYS LIMITED (REGISTERED NUMBER: 01600790)

Balance Sheet
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 269,700 173,028

CURRENT ASSETS
Debtors 5 680,635 543,993
Cash at bank and in hand 71,781 275,010
752,416 819,003
CREDITORS
Amounts falling due within one year 6 382,013 385,634
NET CURRENT ASSETS 370,403 433,369
TOTAL ASSETS LESS CURRENT
LIABILITIES

640,103

606,397

CREDITORS
Amounts falling due after more than one
year

7

(69,346

)

(59,837

)

PROVISIONS FOR LIABILITIES 8 (41,431 ) (32,009 )
NET ASSETS 529,326 514,551

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 529,226 514,451
SHAREHOLDERS' FUNDS 529,326 514,551

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.

ACTION ROADWAYS LIMITED (REGISTERED NUMBER: 01600790)

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





Mr Sela Koydengoctu - Director


ACTION ROADWAYS LIMITED (REGISTERED NUMBER: 01600790)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Action Roadways 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.

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.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.
The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 ROADWAYS LIMITED (REGISTERED NUMBER: 01600790)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


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.

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 18 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2023 - 19,584 1,057
Additions 53,224 8,929 46,685
Disposals - (2,765 ) -
At 31 December 2023 53,224 25,748 47,742
DEPRECIATION
At 1 January 2023 - 15,373 1,009
Charge for year 5,322 2,525 9,347
Eliminated on disposal - (2,251 ) -
At 31 December 2023 5,322 15,647 10,356
NET BOOK VALUE
At 31 December 2023 47,902 10,101 37,386
At 31 December 2022 - 4,211 48

ACTION ROADWAYS LIMITED (REGISTERED NUMBER: 01600790)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 296,545 4,883 322,069
Additions 49,950 - 158,788
Disposals (14,250 ) - (17,015 )
At 31 December 2023 332,245 4,883 463,842
DEPRECIATION
At 1 January 2023 129,005 3,654 149,041
Charge for year 43,331 246 60,771
Eliminated on disposal (13,419 ) - (15,670 )
At 31 December 2023 158,917 3,900 194,142
NET BOOK VALUE
At 31 December 2023 173,328 983 269,700
At 31 December 2022 167,540 1,229 173,028

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 184,520
Additions 49,950
At 31 December 2023 234,470
DEPRECIATION
At 1 January 2023 80,832
Charge for year 30,727
At 31 December 2023 111,559
NET BOOK VALUE
At 31 December 2023 122,911
At 31 December 2022 103,688

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 444,641 474,228
Other debtors 98,152 10,000
Prepayments and accrued income 137,842 59,765
680,635 543,993

ACTION ROADWAYS LIMITED (REGISTERED NUMBER: 01600790)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 21,467 21,467
Trade creditors 160,570 261,535
Amounts owed to group undertakings 34,132 25,722
Tax - 14,483
Social security and other taxes 18,858 15,162
Pension 4,441 2,483
Aviva pension 1,024 815
VAT 27,373 25,025
Credit card account 1,101 2,915
Other creditors 11,191 10,831
Accruals and deferred income 101,856 5,196
382,013 385,634

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 23,982 34,631
Hire purchase contracts 45,364 25,206
69,346 59,837

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 41,431 32,009

Deferred
tax
£   
Balance at 1 January 2023 32,009
Charge to Profit & Loss Account during year 9,422
Balance at 31 December 2023 41,431

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company had payable £34,132 (2022: £25,722) from Atanak Forwarding Ltd.