REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
ACTIVETREND LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
ACTIVETREND LIMITED |
ACTIVETREND LIMITED (REGISTERED NUMBER: 02362726) |
Contents of the Financial Statements |
for the Year Ended 31 January 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ACTIVETREND LIMITED |
Company Information |
for the Year Ended 31 January 2024 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
Accountants |
Northern Assurance Buildings |
9-21 Princess Street |
Manchester |
M2 4DN |
Bankers: |
Hotel Street |
Bolton |
BL1 1DB |
ACTIVETREND LIMITED (REGISTERED NUMBER: 02362726) |
Balance Sheet |
31 January 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 5 |
Investments | 6 |
Current assets |
Debtors | 7 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 8 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital | 9 |
Share premium |
Revaluation reserve | 10 |
Fair value reserve | 10 | ( |
) |
Retained earnings |
Shareholders' funds |
The directors acknowledge their 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. |
ACTIVETREND LIMITED (REGISTERED NUMBER: 02362726) |
Balance Sheet - continued |
31 January 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
ACTIVETREND LIMITED (REGISTERED NUMBER: 02362726) |
Notes to the Financial Statements |
for the Year Ended 31 January 2024 |
1. | Statutory information |
Activetrend Limited is a |
2. | Statement of compliance |
The individual financial statements of Activetrend Limited have been prepared in compliance with United Kingdom Accounting Standards, including Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and the Companies Act 2006. |
3. | Accounting policies |
Basis of preparing the financial statements |
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. |
Turnover |
Turnover represents management charges receivable from the reporting entity's subsidiary company. |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Motor vehicles | - |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Listed investments |
Listed investments are recognised at market value. |
Financial instruments |
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments. |
(i) Financial assets |
Basic financial assets, including other debtors and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
Such assets are subsequently carried at amortised cost using the effective interest method. |
(ii) Financial liabilities |
Basic financial liabilities, including trade and other creditors, bank loans and amounts due to fellow group companies that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is |
measured at the present value of the future receipts discounted at a market rate of interest. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
ACTIVETREND LIMITED (REGISTERED NUMBER: 02362726) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
3. | Accounting policies - continued |
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. |
4. | Employees and directors |
The average number of employees during the year was |
5. | Tangible fixed assets |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Cost |
At 1 February 2023 |
and 31 January 2024 |
Depreciation |
At 1 February 2023 |
Charge for year |
At 31 January 2024 |
Net book value |
At 31 January 2024 |
At 31 January 2023 |
The freehold property was revalued on 24 July 1995 on the basis of an open market valuation for existing use by Dunlop Heywood, Chartered Surveyors.This is considered to be the deemed cost under FRS102. |
6. | Fixed asset investments |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
Cost or valuation |
At 1 February 2023 | 326,281 |
Additions | 64,815 |
Disposals | ( |
) | (39,048 | ) |
Revaluations | ( |
) | (21,717 | ) |
At 31 January 2024 | 330,331 |
Net book value |
At 31 January 2024 | 330,331 |
At 31 January 2023 | 326,281 |
ACTIVETREND LIMITED (REGISTERED NUMBER: 02362726) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
6. | Fixed asset investments - continued |
Cost or valuation at 31 January 2024 is represented by: |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
Valuation in 2023 | - | (9,161 | ) | (9,161 | ) |
Cost | 1 | 339,491 | 339,492 |
1 | 330,330 | 330,331 |
7. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Other debtors |
8. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 49,900 | 49,900 |
Redeemable Preference | £1 | 225 | 225 |
Ordinary A | £1 | 90 | 90 |
Ordinary B | £1 | 20 | 20 |
Ordinary C | £1 | 90 | 90 |
50,325 | 50,325 |
The preference shares give entitlement to a variable rate non-cumulative dividend. They have priority over ordinary shares with regards to amounts receivable both as a dividend and if the company were to be wound up. However this amount is restricted to accrued dividends and the return of the capital amount. The preference shares do not carry any voting rights and they are redeemable at the company's discretion. |
10. | Reserves |
Fair |
Revaluation | value |
reserve | reserve | Totals |
£ | £ | £ |
At 1 February 2023 | 235,779 | 12,556 | 248,335 |
Fair value transfer | - | (21,717 | ) | (21,717 | ) |
At 31 January 2024 | 235,779 | (9,161 | ) | 226,618 |
ACTIVETREND LIMITED (REGISTERED NUMBER: 02362726) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
11. | Directors' advances, credits and guarantees |
The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
The loan due to the director is interest free and repayable on demand. |