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REGISTERED NUMBER: 05790935 (England and Wales)















ACTION ARTS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






ACTION ARTS LIMITED (REGISTERED NUMBER: 05790935)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACTION ARTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: A R Lamb





SECRETARY: Mr. A R Lamb





REGISTERED OFFICE: 74 Cardoness Road
Sheffield
South Yorkshire
S10 5RU





REGISTERED NUMBER: 05790935 (England and Wales)





ACCOUNTANTS: Duncan Chartered Accountants
5 Cherrytree
Union Road
Sheffield
South Yorkshire
S11 9EF

ACTION ARTS LIMITED (REGISTERED NUMBER: 05790935)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,050 7,574
Tangible assets 5 - -
5,050 7,574

CURRENT ASSETS
Debtors 6 344 678

CREDITORS
Amounts falling due within one year 7 25,821 18,252
NET CURRENT LIABILITIES (25,477 ) (17,574 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,427

)

(10,000

)

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings (21,427 ) (11,000 )
SHAREHOLDERS' FUNDS (20,427 ) (10,000 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

ACTION ARTS LIMITED (REGISTERED NUMBER: 05790935)

BALANCE SHEET - continued
30 APRIL 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 director and authorised for issue on 13 November 2024 and were signed by:





A R Lamb - Director


ACTION ARTS LIMITED (REGISTERED NUMBER: 05790935)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Action Arts 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2007, is being amortised evenly over its estimated useful life of twenty 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.
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ACTION ARTS LIMITED (REGISTERED NUMBER: 05790935)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 50,469
AMORTISATION
At 1 May 2023 42,895
Charge for year 2,524
At 30 April 2024 45,419
NET BOOK VALUE
At 30 April 2024 5,050
At 30 April 2023 7,574

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023
and 30 April 2024 4,682
DEPRECIATION
At 1 May 2023
and 30 April 2024 4,682
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 344 678

ACTION ARTS LIMITED (REGISTERED NUMBER: 05790935)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 3,612 1,973
Trade creditors 2,199 3,633
VAT 517 658
Directors' current accounts 18,368 11,088
Accrued expenses 1,125 900
25,821 18,252

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. GOING CONCERN

The financial statements have been prepared on a going concern basis, which assumes that the company will continue to operate for the foreseeable future. The company has incurred significant losses during the year and has a net deficiency of assets as at the balance sheet date. However, the director has confirmed their intention to provide ongoing financial support to the company. This support includes the provision of additional funding as required to ensure that the company can meet its liabilities as they fall due.