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REGISTERED NUMBER: 03853068 (England and Wales)
















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ACCTIM LIMITED

ACCTIM LIMITED (REGISTERED NUMBER: 03853068)

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


ACCTIM LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTOR: K J Leonard





REGISTERED OFFICE: Leonard House
5 - 7 Newman Road
Bromley
Kent
BR1 1RJ





REGISTERED NUMBER: 03853068 (England and Wales)





ACCOUNTANTS: Crane & Partners
Chartered Accountants
Leonard House
5 - 7 Newman Road
Bromley
Kent
BR1 1RJ

ACCTIM LIMITED (REGISTERED NUMBER: 03853068)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 125,000 -
Tangible assets 5 1,745,022 1,696,103
Investments 6 856,215 851,360
2,726,237 2,547,463

CURRENT ASSETS
Debtors 7 63,089 232,524
Cash at bank and in hand 1,353,347 1,000,913
1,416,436 1,233,437
CREDITORS
Amounts falling due within one year 8 1,726,254 1,335,275
NET CURRENT LIABILITIES (309,818 ) (101,838 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,416,419

2,445,625

CAPITAL AND RESERVES
Called up share capital 6,792 6,792
Retained earnings 2,409,627 2,438,833
SHAREHOLDERS' FUNDS 2,416,419 2,445,625

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 director acknowledges his 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.

ACCTIM LIMITED (REGISTERED NUMBER: 03853068)

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 director and authorised for issue on 20 September 2024 and were signed by:





K J Leonard - Director


ACCTIM LIMITED (REGISTERED NUMBER: 03853068)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Acctim 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

ACCTIM LIMITED (REGISTERED NUMBER: 03853068)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

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.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 125,000
At 31 December 2023 125,000
NET BOOK VALUE
At 31 December 2023 125,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,867,272 645,328 2,512,600
Additions - 117,242 117,242
Disposals - (999 ) (999 )
At 31 December 2023 1,867,272 761,571 2,628,843
DEPRECIATION
At 1 January 2023 325,501 490,996 816,497
Charge for year 15,500 52,823 68,323
Eliminated on disposal - (999 ) (999 )
At 31 December 2023 341,001 542,820 883,821
NET BOOK VALUE
At 31 December 2023 1,526,271 218,751 1,745,022
At 31 December 2022 1,541,771 154,332 1,696,103

Included in cost of land and buildings is freehold land of £ 1,092,272 (2022 - £ 1,092,272 ) which is not depreciated.

ACCTIM LIMITED (REGISTERED NUMBER: 03853068)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2023 22,000 829,360 851,360
Additions 100 107,087 107,187
Disposals - (102,332 ) (102,332 )
At 31 December 2023 22,100 834,115 856,215
NET BOOK VALUE
At 31 December 2023 22,100 834,115 856,215
At 31 December 2022 22,000 829,360 851,360

Market value of listed investments at 31 December 2023 held by the company - £957,249 (2022 - £870,988).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 63,089 232,524

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 343
Trade creditors 11,090 16,632
Amounts owed to group undertakings 1,413,524 1,098,266
Taxation and social security 30,262 22,318
Other creditors 271,378 197,716
1,726,254 1,335,275

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the Leonard family.