1 April 2023 v2024.53.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP033419102023-04-012024-03-31033419102024-03-31033419102023-03-3103341910core:WithinOneYear2024-03-3103341910core:WithinOneYear2023-03-3103341910core:ShareCapital2024-03-3103341910core:ShareCapital2023-03-3103341910core:RetainedEarningsAccumulatedLosses2024-03-3103341910core:RetainedEarningsAccumulatedLosses2023-03-3103341910bus:Director12023-04-012024-03-3103341910bus:RegisteredOffice2023-04-012024-03-31033419102022-04-012023-03-3103341910core:PlantMachinery2023-04-0103341910core:PlantMachinery2023-04-012024-03-3103341910core:PlantMachinery2024-03-3103341910core:PlantMachinery2023-03-310334191012023-04-012024-03-3103341910countries:EnglandWales2023-04-012024-03-3103341910bus:AuditExemptWithAccountantsReport2023-04-012024-03-3103341910bus:PrivateLimitedCompanyLtd2023-04-012024-03-3103341910bus:SmallEntities2023-04-012024-03-3103341910bus:FullAccounts2023-04-012024-03-31
Company registration number:
03341910
Actionquarter Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2024
Proud Goulbourn Accountants Limited
Office 16, Hamilton Davies House, 117c Liverpool Road, Cadishead, Manchester, M44 5BG, United Kingdom
Actionquarter Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Actionquarter Limited
Year ended
31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Actionquarter Limited
for the year ended
31 March 2024
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Actionquarter Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Actionquarter Limited
and state those matters that we have agreed to state to the Board of Directors of
Actionquarter Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Actionquarter Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Actionquarter Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Actionquarter Limited
. You consider that
Actionquarter Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Actionquarter Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Proud Goulbourn Accountants Limited
Office 16, Hamilton Davies House
117c Liverpool Road
Cadishead
Manchester
M44 5BG
United Kingdom
Date:
25 October 2024
Actionquarter Limited
Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Tangible assets 5
1,927
 
2,764
 
Current assets    
Debtors 6
7,440
 
10,992
 
Cash at bank and in hand
48,185
 
52,505
 
55,625
 
63,497
 
Creditors: amounts falling due within one year 7
(4,781
)
(7,800
)
Net current assets
50,844
 
55,697
 
Total assets less current liabilities 52,771   58,461  
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
52,769
 
58,459
 
Shareholders funds
52,771
 
58,461
 
For the year ending
31 March 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
25 October 2024
, and are signed on behalf of the board by:
C Hancock
Director
Company registration number:
03341910
Actionquarter Limited
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
24 Montonfields Road
,
Eccles
,
Manchester
,
M30 8AW
, .

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2023
27,279
 
Additions
260
 
At
31 March 2024
27,539
 
Depreciation  
At
1 April 2023
24,515
 
Charge
1,097
 
At
31 March 2024
25,612
 
Carrying amount  
At
31 March 2024
1,927
 
At 31 March 2023
2,764
 

6 Debtors

20242023
££
Other debtors
7,440
 
10,992
 

7 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
3,761
 
6,780
 
Other creditors
1,020
 
1,020
 
4,781
 
7,800
 

8 Director's advances, credit and guarantees

Included in debtors is a loan to Mr A Hancock of £7593 which was repaid within nine months