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REGISTERED NUMBER: SC494134 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

A.C.T HERITAGE LIMITED

A.C.T HERITAGE LIMITED (REGISTERED NUMBER: SC494134)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.C.T HERITAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: A Taylor





SECRETARY:





REGISTERED OFFICE: Gloonan
Daviot
Inverness
Highlands
IV2 5XQ





REGISTERED NUMBER: SC494134 (Scotland)





ACCOUNTANTS: Goldwells Ltd
25 Baron Taylors Street
Inverness
Highland
IV1 1QG

A.C.T HERITAGE LIMITED (REGISTERED NUMBER: SC494134)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94,662 98,834

CURRENT ASSETS
Stocks 29,948 -
Debtors 5 117,823 65,005
Cash at bank 39,356 37,894
187,127 102,899
CREDITORS
Amounts falling due within one year 6 191,166 94,090
NET CURRENT (LIABILITIES)/ASSETS (4,039 ) 8,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,623

107,643

CREDITORS
Amounts falling due after more than one
year

7

(64,977

)

(92,632

)

PROVISIONS FOR LIABILITIES (7,856 ) (2,618 )
NET ASSETS 17,790 12,393

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 17,789 12,392
17,790 12,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

A.C.T HERITAGE LIMITED (REGISTERED NUMBER: SC494134)

BALANCE SHEET - continued
31ST 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 26th September 2024 and were signed by:





A Taylor - Director


A.C.T HERITAGE LIMITED (REGISTERED NUMBER: SC494134)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

A.C.T Heritage Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

A.C.T HERITAGE LIMITED (REGISTERED NUMBER: SC494134)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 166,961
Additions 61,290
Disposals (59,074 )
At 31st December 2023 169,177
DEPRECIATION
At 1st January 2023 68,127
Charge for year 31,531
Eliminated on disposal (25,143 )
At 31st December 2023 74,515
NET BOOK VALUE
At 31st December 2023 94,662
At 31st December 2022 98,834

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,812 54,031
Other debtors 90,011 10,974
117,823 65,005

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,898 21,547
Hire purchase contracts 30,322 17,822
Trade creditors 83,870 7,588
Taxation and social security 19,211 39,227
Other creditors 36,865 7,906
191,166 94,090

A.C.T HERITAGE LIMITED (REGISTERED NUMBER: SC494134)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 45,649 65,899
Hire purchase contracts 19,328 26,733
64,977 92,632