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REGISTERED NUMBER: 07697296 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Akteeve Limited

Akteeve Limited (Registered number: 07697296)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Akteeve Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Ms M Demetre





REGISTERED OFFICE: 26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN





REGISTERED NUMBER: 07697296 (England and Wales)





ACCOUNTANTS: Lawrence & Company
Chartered Certified Accountants
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN

Akteeve Limited (Registered number: 07697296)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 492,464 491,140

CURRENT ASSETS
Debtors 5 61,239 43,973
Cash at bank 566,047 493,211
627,286 537,184
CREDITORS
Amounts falling due within one year 6 80,012 166,722
NET CURRENT ASSETS 547,274 370,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,039,738

861,602

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 1,039,638 861,502
SHAREHOLDERS' FUNDS 1,039,738 861,602

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

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

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





Ms M Demetre - Director


Akteeve Limited (Registered number: 07697296)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Akteeve 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 each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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

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 1 (2023 - 1 ) .

Akteeve Limited (Registered number: 07697296)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1 August 2023 490,000 5,534 495,534
Additions - 2,555 2,555
Disposals - (1,292 ) (1,292 )
At 31 July 2024 490,000 6,797 496,797
DEPRECIATION
At 1 August 2023 - 4,394 4,394
Charge for year - 822 822
Eliminated on disposal - (883 ) (883 )
At 31 July 2024 - 4,333 4,333
NET BOOK VALUE
At 31 July 2024 490,000 2,464 492,464
At 31 July 2023 490,000 1,140 491,140

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 60,060 43,973
Other debtors 1,179 -
61,239 43,973

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Tax 75,286 144,466
Social security and other taxes 3,695 4,536
Other creditors 409 248
Directors' loan accounts 547 17,397
Accrued expenses 75 75
80,012 166,722

7. RESERVES
Retained
earnings
£   

At 1 August 2023 861,502
Profit for the year 226,636
Dividends (48,500 )
At 31 July 2024 1,039,638

Akteeve Limited (Registered number: 07697296)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
Ms M Demetre
Balance outstanding at start of year (17,397 ) (337 )
Amounts advanced (7,558 ) (21,914 )
Amounts repaid 24,408 4,854
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (547 ) (17,397 )

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £48,500 (2023 - £114,000) were paid to the director .

Along with many companies of similar size and nature, the company operates a directors loan account to facilitate some of the its financial transactions, the movements in this account are summarised above.