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Registered number: 06720040










ACTIVE INFORMATICS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024



 
ACTIVE INFORMATICS LTD
REGISTERED NUMBER: 06720040

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
685
1,215

  
685
1,215

Current assets
  

Debtors: amounts falling due within one year
 6 
221,700
290,505

Cash at bank and in hand
  
50,735
90,951

  
272,435
381,456

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(168,406)
(198,773)

Net current assets
  
 
 
104,029
 
 
182,683

Total assets less current liabilities
  
104,714
183,898

Creditors: amounts falling due after more than one year
 8 
(9,181)
(19,830)

  

Net assets
  
95,533
164,068


Capital and reserves
  

Called up share capital 
 10 
107
107

Share premium account
  
122,328
122,328

Capital redemption reserve
  
4
4

Profit and loss account
  
(26,906)
41,629

  
95,533
164,068


Page 1

 
ACTIVE INFORMATICS LTD
REGISTERED NUMBER: 06720040

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






P S Smith
Director

Date: 15 January 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ACTIVE INFORMATICS LTD
 

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

1.


General information

Active Informatics Ltd is a limited liability company incorporated in England and Wales. The address of its registered office is Belvedere House, Basing View, Basingstoke, Hampshire, RG21 4HG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable for services during the year, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25% and 33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
ACTIVE INFORMATICS LTD
 

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

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 4

 
ACTIVE INFORMATICS LTD
 

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

2.Accounting policies (continued)

 
2.12

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2023 - 14).


4.


Intangible assets




Research and development

£



Cost


At 1 May 2023
365,250



At 30 April 2024

365,250



Amortisation


At 1 May 2023
365,250



At 30 April 2024

365,250



Net book value



At 30 April 2024
-



At 30 April 2023
-



Page 5

 
ACTIVE INFORMATICS LTD
 

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

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 May 2023
2,272



At 30 April 2024

2,272



Depreciation


At 1 May 2023
1,057


Charge for the year on owned assets
530



At 30 April 2024

1,587



Net book value



At 30 April 2024
685



At 30 April 2023
1,215


6.


Debtors

2024
2023
£
£


Trade debtors
205,223
276,333

Other debtors
2,733
9,072

Prepayments and accrued income
7,545
5,100

Tax recoverable
6,199
-

221,700
290,505


Page 6

 
ACTIVE INFORMATICS LTD
 

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

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
10,648
10,648

Trade creditors
20,306
12,065

Corporation tax
-
8,055

Other taxation and social security
61,307
84,038

Other creditors
743
728

Accruals and deferred income
75,402
83,239

168,406
198,773



8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,181
19,830



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,648
10,648


10,648
10,648

Amounts falling due 1-2 years

Bank loans
9,181
10,649


9,181
10,649

Amounts falling due 2-5 years

Bank loans
-
9,181


-
9,181


19,829
30,478


Page 7

 
ACTIVE INFORMATICS LTD
 

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

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



7,400 (2023 - 7,400) 'A' Preference shares of £0.01 each
74
74
1,600 (2023 - 1,600) 'B' Ordinary shares of £0.01 each
16
16
1,700 (2023 - 1,700) 'C' Ordinary shares of £0.01 each
17
17

107

107


All shares rank pari passu with each other, however the directors have the authority to pay differing rates of dividends on each class of share.



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £15,749 (2023: £13,999).
No contributions were outstanding in the current or prior year end.


12.


Related party transactions

The company is related to Sailfish Equity and Management Limited by virtue of its director, P S Smith, having an interest in both companies.
 
During the year the company was charged fees amounting to £72,000 (2023: £72,000) by Sailfish Equity and Management Limited
.
At the year end Sailfish Equity and Management Limited was owed £7,200 (2023: £7,200).


Page 8