ACTIONS GLOBAL (UK) LIMITED

Company Registration Number:
13704774 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

ACTIONS GLOBAL (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

ACTIONS GLOBAL (UK) LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Investments: 3 16,620 14,500
Total fixed assets: 16,620 14,500
Current assets
Cash at bank and in hand: 16,518 37,088
Total current assets: 16,518 37,088
Creditors: amounts falling due within one year:   (22,226) (25,644)
Net current assets (liabilities): (5,708) 11,444
Total assets less current liabilities: 10,912 25,944
Creditors: amounts falling due after more than one year:     (14,600)
Total net assets (liabilities): 10,912 11,344
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 9,912 10,344
Shareholders funds: 10,912 11,344

The notes form part of these financial statements

ACTIONS GLOBAL (UK) LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 September 2024
and signed on behalf of the board by:

Name: Mr George Kam Lau
Status: Director

The notes form part of these financial statements

ACTIONS GLOBAL (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

There were no turnover in the year under review (2022: £500,306 net of VAT).

Intangible fixed assets and amortisation policy

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Other accounting policies

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

ACTIONS GLOBAL (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

The audit report was unqualified. Mr Peter Shek Fai U FCCA was the senior auditor, for and on behalf of ULM Ltd. Date of audit report was 20 September 2024. Fees payable for the audit of the financial statements were £800 (2022: £3,000)

ACTIONS GLOBAL (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Fixed investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

ACTIONS GLOBAL (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Related party transactions

Name of the related party:
Relationship:
Parent company
Description of the Transaction: There were no related party transactions occurred in the year under review. Last year sales of £246,532 net were made to the parent company Actions Distribution Limited (a company in Hong Kong) to fully transfer the remaining stock.
£
Balance at 01 January 2023 0
Balance at 31 December 2023 0