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REGISTERED NUMBER: 09990352 (England and Wales)















Unaudited Financial Statements For The Year Ended 29 February 2024

for

Active Networx Limited

Active Networx Limited (Registered number: 09990352)

Contents of the Financial Statements
For The Year Ended 29 February 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Active Networx Limited

Company Information
For The Year Ended 29 February 2024







Director: N P Burrows





Secretary: Mrs J Burrows





Registered office: Ironstone House
4 Ironstone Way
Brixworth
Northamptonshire
NN6 9UD





Registered number: 09990352 (England and Wales)





Accountants: R Vann Ltd
Chartered Certified Accountants
Ironstone House
Ironstone Way
Brixworth
Northamptonshire
NN6 9UD

Active Networx Limited (Registered number: 09990352)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 5,364 7,283
Investments 5 24,489 -
29,853 7,283

Current assets
Debtors 6 131,631 260,025
Cash at bank 161,751 156,343
293,382 416,368
Creditors
Amounts falling due within one year 7 52,955 97,618
Net current assets 240,427 318,750
Total assets less current liabilities 270,280 326,033

Creditors
Amounts falling due after more than
one year

8

(12,750

)

(22,500

)

Provisions for liabilities (1,525 ) (1,384 )
Net assets 256,005 302,149

Active Networx Limited (Registered number: 09990352)

Balance Sheet - continued
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
Capital and reserves
Called up share capital 100 100
Retained earnings 255,905 302,049
256,005 302,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





N P Burrows - Director


Active Networx Limited (Registered number: 09990352)

Notes to the Financial Statements
For The Year Ended 29 February 2024


1. Statutory information

Active Networx 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Active Networx Limited (Registered number: 09990352)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024


2. Accounting policies - continued

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.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 March 2023 35,160
Additions 749
At 29 February 2024 35,909
Depreciation
At 1 March 2023 27,877
Charge for year 2,668
At 29 February 2024 30,545
Net book value
At 29 February 2024 5,364
At 28 February 2023 7,283

5. Fixed asset investments

Investments (neither listed nor unlisted) were as follows:
29.2.24 28.2.23
£    £   
Investment in racehorse 24,489 -

Active Networx Limited (Registered number: 09990352)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024


6. Debtors: amounts falling due within one year
29.2.24 28.2.23
£    £   
Trade debtors 10,098 191,072
Other debtors 121,533 68,953
131,631 260,025

7. Creditors: amounts falling due within one year
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 12,288 2,074
Taxation and social security 27,772 82,633
Other creditors 2,895 2,911
52,955 97,618

8. Creditors: amounts falling due after more than one year
29.2.24 28.2.23
£    £   
Bank loans 12,750 22,500

9. Director's advances, credits and guarantees

The company has granted a loan facility to the shareholders against which they are able to draw. The following amounts were advanced during the year:

Amount due from Mr & Mrs Burrows at 1 March 2023 £49,899
Maximum balance due during the year £98,177
Amount due as at 29 February 2024 £98,177