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REGISTERED NUMBER: 14906869 (England and Wales)












Activate Business Finance Limited

Unaudited Financial Statements

for the Period 31 May 2023 to 31 May 2024






Activate Business Finance Limited (Registered number: 14906869)






Contents of the Financial Statements
for the Period 31 May 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Activate Business Finance Limited

Company Information
for the Period 31 May 2023 to 31 May 2024







DIRECTORS: G Durkan
Mrs L M Coomber





SECRETARY: G Durkan





REGISTERED OFFICE: 4 Pavilion Court
600 Pavilion Drive
Brackmills Business Park
Northampton
Northamptonshire
NN4 7SL





BUSINESS ADDRESS: First Floor
14-15 Coopers Court
Newport Pagnell
Buckinghamshire
MK16 8JS





REGISTERED NUMBER: 14906869 (England and Wales)





ACCOUNTANTS: Kilby Fox
Chartered Accountants
4 Pavilion Court
600 Pavilion Drive
Northampton Business Park
Northampton
Northamptonshire
NN4 7SL

Activate Business Finance Limited (Registered number: 14906869)

Balance Sheet
31 May 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 2,423
Tangible assets 5 4,911
7,334

CURRENT ASSETS
Debtors 6 6,969
Cash at bank 12,474
19,443
CREDITORS
Amounts falling due within one year 7 145,716
NET CURRENT LIABILITIES (126,273 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(118,939

)

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings (119,039 )
SHAREHOLDERS' FUNDS (118,939 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Activate Business Finance Limited (Registered number: 14906869)

Balance Sheet - continued
31 May 2024


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 Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:




G Durkan - Director



Mrs L M Coomber - Director


Activate Business Finance Limited (Registered number: 14906869)

Notes to the Financial Statements
for the Period 31 May 2023 to 31 May 2024

1. STATUTORY INFORMATION

Activate Business Finance 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery etc - 33.3% on cost and 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 3,635
At 31 May 2024 3,635
AMORTISATION
Charge for period 1,212
At 31 May 2024 1,212
NET BOOK VALUE
At 31 May 2024 2,423

Activate Business Finance Limited (Registered number: 14906869)

Notes to the Financial Statements - continued
for the Period 31 May 2023 to 31 May 2024

5. TANGIBLE FIXED ASSETS
Plant &
machinery
etc
£   
COST
Additions 6,614
At 31 May 2024 6,614
DEPRECIATION
Charge for period 1,703
At 31 May 2024 1,703
NET BOOK VALUE
At 31 May 2024 4,911

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 6,969

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1,335
Taxation and social security 13,724
Other creditors 130,657
145,716

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
55 A Ordinary Shares £1 55
15 B Ordinary Shares £1 15
30 C Ordinary Shares £1 30
100

The following shares were allotted and fully paid for cash at par during the period:

55 A Ordinary Shares shares of £1 each
15 B Ordinary Shares shares of £1 each
30 C Ordinary Shares shares of £1 each