A.C.T. Services & Maintenance Limited 03682864 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is maintenance of industrial buildings. Digita Accounts Production Advanced 6.30.9574.0 true true 03682864 2023-01-01 2023-12-31 03682864 2023-12-31 03682864 bus:OrdinaryShareClass1 2023-12-31 03682864 core:CurrentFinancialInstruments 2023-12-31 03682864 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03682864 core:MotorVehicles 2023-12-31 03682864 core:OfficeEquipment 2023-12-31 03682864 core:PlantMachinery 2023-12-31 03682864 bus:SmallEntities 2023-01-01 2023-12-31 03682864 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03682864 bus:FilletedAccounts 2023-01-01 2023-12-31 03682864 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03682864 bus:RegisteredOffice 2023-01-01 2023-12-31 03682864 bus:CompanySecretary1 2023-01-01 2023-12-31 03682864 bus:Director2 2023-01-01 2023-12-31 03682864 bus:Director3 2023-01-01 2023-12-31 03682864 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 03682864 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03682864 core:FurnitureFittings 2023-01-01 2023-12-31 03682864 core:MotorVehicles 2023-01-01 2023-12-31 03682864 core:OfficeEquipment 2023-01-01 2023-12-31 03682864 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 03682864 core:PlantMachinery 2023-01-01 2023-12-31 03682864 countries:EnglandWales 2023-01-01 2023-12-31 03682864 2022-12-31 03682864 core:MotorVehicles 2022-12-31 03682864 core:OfficeEquipment 2022-12-31 03682864 core:PlantMachinery 2022-12-31 03682864 2022-01-01 2022-12-31 03682864 2022-12-31 03682864 bus:OrdinaryShareClass1 2022-12-31 03682864 core:CurrentFinancialInstruments 2022-12-31 03682864 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 03682864 core:MotorVehicles 2022-12-31 03682864 core:OfficeEquipment 2022-12-31 03682864 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03682864

A.C.T. Services & Maintenance Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

A.C.T. Services & Maintenance Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

A.C.T. Services & Maintenance Limited

Company Information

Directors

M Coomber

A Coomber

Company secretary

L Coomber

Registered office

5 Ducketts Wharf
South Street
Bishops Stortford
Hertfordshire
CM23 3AR

Accountants

Mansell & Co
Chartered Certified Accountants
5 Ducketts Wharf
South Street
Bishop's Stortford
Hertfordshire
CM23 3AR

 

A.C.T. Services & Maintenance Limited

(Registration number: 03682864)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,891

4,649

Current assets

 

Debtors

5

319,235

58,466

Cash at bank and in hand

 

61,170

48

 

380,405

58,514

Creditors: Amounts falling due within one year

6

(310,065)

(58,810)

Net current assets/(liabilities)

 

70,340

(296)

Total assets less current liabilities

 

74,231

4,353

Provisions for liabilities

(973)

(883)

Net assets

 

73,258

3,470

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

73,158

3,370

Shareholders' funds

 

73,258

3,470

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 September 2024 and signed on its behalf by:
 

.........................................
M Coomber
Director

.........................................
A Coomber
Director

 
     
 

A.C.T. Services & Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Ducketts Wharf
South Street
Bishops Stortford
Hertfordshire
CM23 3AR
England

These financial statements were authorised for issue by the Board on 18 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

A.C.T. Services & Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

4 years straight line basis

Motor vehicles

25% reducing balance basis

Office equipment

3 years straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

A.C.T. Services & Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

 

A.C.T. Services & Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

7,506

15,015

54,150

76,671

Additions

870

122

-

992

At 31 December 2023

8,376

15,137

54,150

77,663

Depreciation

At 1 January 2023

7,152

14,720

50,150

72,022

Charge for the year

435

314

1,001

1,750

At 31 December 2023

7,587

15,034

51,151

73,772

Carrying amount

At 31 December 2023

789

103

2,999

3,891

At 31 December 2022

354

295

4,000

4,649

5

Debtors

Current

2023
£

2022
£

Trade debtors

317,404

57,259

Prepayments

1,397

1,207

Other debtors

434

-

 

319,235

58,466

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

-

8,141

Trade creditors

 

201,594

218

Taxation and social security

 

82,832

23,144

Accruals and deferred income

 

3,430

3,430

Other creditors

 

22,209

23,877

 

310,065

58,810

 

A.C.T. Services & Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Bank overdrafts

-

8,141