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REGISTERED NUMBER: 12435658 (England and Wales)















ACTIVE SOLUTIONS GROUP LIMITED

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

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










Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Consolidated Income Statement 10

Consolidated Other Comprehensive Income 11

Consolidated Balance Sheet 12

Company Balance Sheet 13

Consolidated Statement of Changes in Equity 15

Company Statement of Changes in Equity 16

Consolidated Cash Flow Statement 17

Notes to the Consolidated Cash Flow Statement 18

Notes to the Consolidated Financial Statements 19


ACTIVE SOLUTIONS GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: E M L Greenhough
R M Fell
Mrs L A Keher
A G Lomas
A K Storey



REGISTERED OFFICE: 1 Molyneux Way
Aintree
Liverpool
L10 2JA



REGISTERED NUMBER: 12435658 (England and Wales)



SENIOR STATUTORY AUDITOR: Andrew Baggott ACA CTA



AUDITORS: Clarke Nicklin LLP
Chartered Accountants and
Statutory Auditors
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2024


The directors present their strategic report of the company and the group for the year ended 30 April 2024.

The directors present their strategic report for the year ended 30 April 2024.

Active Solutions Group Limited is a leading provider of commercial flooring solutions across the UK construction sector. The group specialises in supplying and installing a wide range of flooring products, including vinyl, carpet, carpet tiles, linoleum, rubber flooring, screeds, and underfloor heating. Active Solutions Group Limited partners with major contractors and works on large-scale projects such as high-rise residential developments, schools, hospitals, and commercial buildings.

REVIEW OF BUSINESS
The financial year ending 30 April 2024 has been a period of growth and operational development for the group. A key highlight was strengthening our presence and service capabilities in the South region, aligning with our objective to enhance client service across the UK.

We maintain good relations and preferred status with a number of the UK's leading contractors, reflecting our commitment to quality, service excellence, and strong client relationships.

PRINCIPAL RISKS AND UNCERTAINTIES
The business operates within the UK construction sector, which is subject to economic fluctuations, supply chain disruptions, and regulatory changes. However, the directors are confident that the group’s quality management system and proactive risk assessment processes are sufficient to mitigate potential risks. Regular audits, robust supply chain management, and continuous staff training are key components of our risk management strategy.

FINANCIAL RISK MANAGEMENT
The group is exposed to financial risks, including fluctuations in interest rates and credit risk. The directors note that the group maintains a strong cash position, providing resilience against financial uncertainties. The primary credit risk relates to trade debtors; however, the group mitigates this through comprehensive credit insurance and ongoing credit reviews. This ensures that any potential issues are identified early and addressed promptly.

LIQUIDITY RISK
The group maintains a proactive approach to cash flow management. Regular cash flow forecasts are conducted to ensure that sufficient funds are available to meet operational needs. This is further supported by established banking facilities, providing flexibility and financial stability to the business.


ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2024

FINANCIAL KEY PERFORMANCE INDICATORS
2024 2023
£    £   

Revenue 17,707 16,282
Gross Profit 4,763 4,168
Administrative Expenses 2,803 2,079
Profit before tax 2,206 2,132

Gross profit margin 26.9% 25.6%










DEVELOPMENT AND PERFORMANCE
Looking ahead, the directors remain optimistic about the group’s growth prospects. The focus will continue to be on delivering high-quality services to clients, with sustainability initiatives playing an increasingly important role. With a strong pipeline of projects and a dedicated team, the company is well-positioned for continued success in the coming year.

ON BEHALF OF THE BOARD:





Mrs L A Keher - Director


21 January 2025

ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2024


The directors present their report with the financial statements of the company and the group for the year ended 30 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of floor specialists.

DIVIDENDS
The total distribution of dividends for the year ended 30 April 2024 will be £882,151.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

E M L Greenhough
R M Fell
Mrs L A Keher
A G Lomas
A K Storey

CREDITOR PAYMENT POLICY
It is the group's policy that payments to suppliers are made in accordance with those terms and conditions agreed between the group and its suppliers, provided that all trading terms and conditions have been complied with.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2024


AUDITORS
The auditors, Clarke Nicklin LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mrs L A Keher - Director


21 January 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ACTIVE SOLUTIONS GROUP LIMITED


Opinion
We have audited the financial statements of Active Solutions Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 April 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30 April 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ACTIVE SOLUTIONS GROUP LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ACTIVE SOLUTIONS GROUP LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Procedures to identify risks:
- enquiring of management concerning the company's procedures relating to: identifying, evaluating and
complying with laws and regulations and whether they were aware of any instances of noncompliance;
detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected
or alleged fraud;
- discussing among the engagement team regarding how and where fraud might occur in the financial
statements and any potential indicators of fraud. As part of this discussion, we identified potential for fraud
in the following areas: timing of recognition of sales and purchases and their related stock movements,
posting of unusual journals; and
- obtaining an understanding of the legal and regulatory frameworks that the company operates in, focusing
on those laws and regulations that had a direct effect on the financial statements or that had a
fundamental effect on the operations of the company. The key laws and regulations we considered in this
context included UK Companies Act, employment law, health and safety, pensions legislation and tax
legislation.

The procedures to respond to risks identified included:
- reviewing the financial statement disclosures and testing to supporting documentation to assess
compliance with relevant laws and regulations discussed above;
- enquiring of management, concerning actual and potential litigation and claims;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate
risks of material misstatement due to fraud;
- reviewing correspondence with HMRC;
- testing the timing and matching of income and expense transactions relating to stock movements either
side of the year end; and
- in addressing the risk of fraud through management override of controls, testing the appropriateness of
journal entries and other adjustments; assessing whether the judgements made in making accounting
estimates are indicative of a potential bias; and evaluating the business rationale of any significant
transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulation that are not closely related to events and transactions reflected in the financial statements. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detection one resulting from an error, as fraud may involve deliberate concealment, by for example, forgery or intentional misrepresentation, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Other matters which we are required to address
The prior period financial statements were not audited.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ACTIVE SOLUTIONS GROUP LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Andrew Baggott ACA CTA (Senior Statutory Auditor)
for and on behalf of Clarke Nicklin LLP
Chartered Accountants and
Statutory Auditors
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

21 January 2025

ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   

TURNOVER 17,868,752 16,282,802

Cost of sales 12,943,818 12,114,636
GROSS PROFIT 4,924,934 4,168,166

Administrative expenses 2,803,779 2,079,473
2,121,155 2,088,693

Other operating income 8,910 17,100
OPERATING PROFIT 5 2,130,065 2,105,793

Interest receivable and similar income 76,770 27,056
PROFIT BEFORE TAXATION 2,206,835 2,132,849

Tax on profit 6 617,280 481,452
PROFIT FOR THE FINANCIAL YEAR 1,589,555 1,651,397
Profit attributable to:
Owners of the parent 1,589,555 1,651,397

ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 1,589,555 1,651,397


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

1,589,555

1,651,397

Total comprehensive income attributable to:
Owners of the parent 1,589,555 1,651,397

ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

CONSOLIDATED BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 1,120,075 1,312,087
Tangible assets 10 892,048 583,369
Investments 11 - -
Investment property 12 20,000 20,000
2,032,123 1,915,456

CURRENT ASSETS
Debtors 13 6,915,128 6,278,132
Cash at bank and in hand 1,345,116 1,080,628
8,260,244 7,358,760
CREDITORS
Amounts falling due within one year 14 3,955,794 3,668,623
NET CURRENT ASSETS 4,304,450 3,690,137
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,336,573

5,605,593

PROVISIONS FOR LIABILITIES 16 129,496 105,920
NET ASSETS 6,207,077 5,499,673

CAPITAL AND RESERVES
Called up share capital 17 226 226
Share premium 18 17,984 17,984
Retained earnings 18 6,188,867 5,481,463
SHAREHOLDERS' FUNDS 6,207,077 5,499,673

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:




E M L Greenhough - Director



Mrs L A Keher - Director


ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

COMPANY BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 - -
Tangible assets 10 733,789 540,286
Investments 11 107 107
Investment property 12 - -
733,896 540,393

CURRENT ASSETS
Debtors 13 1,553,876 1,560,680
Cash at bank 289,216 234,990
1,843,092 1,795,670
CREDITORS
Amounts falling due within one year 14 25,707 2,718
NET CURRENT ASSETS 1,817,385 1,792,952
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,551,281

2,333,345

PROVISIONS FOR LIABILITIES 16 89,931 95,149
NET ASSETS 2,461,350 2,238,196

CAPITAL AND RESERVES
Called up share capital 17 226 226
Share premium 11,988 11,988
Retained earnings 2,449,136 2,225,982
SHAREHOLDERS' FUNDS 2,461,350 2,238,196

Company's profit for the financial year 1,105,305 1,529,782

ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

COMPANY BALANCE SHEET - continued
30 APRIL 2024


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

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:




E M L Greenhough - Director



Mrs L A Keher - Director


ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 May 2022 214 4,615,066 5,996 4,621,276

Changes in equity
Issue of share capital 12 - 11,988 12,000
Dividends - (785,000 ) - (785,000 )
Total comprehensive income - 1,651,397 - 1,651,397
Balance at 30 April 2023 226 5,481,463 17,984 5,499,673

Changes in equity
Dividends - (882,151 ) - (882,151 )
Total comprehensive income - 1,589,555 - 1,589,555
Balance at 30 April 2024 226 6,188,867 17,984 6,207,077

ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 May 2022 214 1,481,200 - 1,481,414

Changes in equity
Issue of share capital 12 - 11,988 12,000
Dividends - (785,000 ) - (785,000 )
Total comprehensive income - 1,529,782 - 1,529,782
Balance at 30 April 2023 226 2,225,982 11,988 2,238,196

Changes in equity
Dividends - (882,151 ) - (882,151 )
Total comprehensive income - 1,105,305 - 1,105,305
Balance at 30 April 2024 226 2,449,136 11,988 2,461,350

ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,700,493 1,413,416
Tax paid (534,204 ) (279,137 )
Net cash from operating activities 2,166,289 1,134,279

Cash flows from investing activities
Purchase of tangible fixed assets (723,434 ) (286,575 )
Sale of tangible fixed assets 231,380 74,067
Interest received 76,770 27,056
Net cash from investing activities (415,284 ) (185,452 )

Cash flows from financing activities
Amount introduced by directors 254,201 37,699
Amount withdrawn by directors (858,567 ) (510,000 )
Share issue - 12
Equity dividends paid (882,151 ) (535,000 )
Net cash from financing activities (1,486,517 ) (1,007,289 )

Increase/(decrease) in cash and cash equivalents 264,488 (58,462 )
Cash and cash equivalents at
beginning of year

2

1,080,628

1,139,090

Cash and cash equivalents at end of
year

2

1,345,116

1,080,628

ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 2,206,835 2,132,849
Depreciation charges 375,768 343,726
Profit on disposal of fixed assets (379 ) (30,570 )
Government grants - (7,500 )
Finance income (76,770 ) (27,056 )
2,505,454 2,411,449
Decrease/(increase) in trade and other debtors 264,932 (1,627,335 )
(Decrease)/increase in trade and other creditors (69,893 ) 629,302
Cash generated from operations 2,700,493 1,413,416

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 April 2024
30.4.24 1.5.23
£    £   
Cash and cash equivalents 1,345,116 1,080,628
Year ended 30 April 2023
30.4.23 1.5.22
£    £   
Cash and cash equivalents 1,080,628 1,139,090


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.5.23 Cash flow At 30.4.24
£    £    £   
Net cash
Cash at bank and in hand 1,080,628 264,488 1,345,116
1,080,628 264,488 1,345,116
Total 1,080,628 264,488 1,345,116

ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

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


1. STATUTORY INFORMATION

Active Solutions Group 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
In carrying out their duties in respect of going concern, the directors have carried out a review of the Group's financial position and cash flow forecast for a period of 12 months from the date of approval of these financial statements. The forecasts have been based on a comprehensive review of revenue, expenditure and cash flows, taking into account specific business risks and the uncertainties brought about by the current economic environment.

To ensure the continuation of the Group the directors regularly review the cash flows of the Group both in the short and medium term, have a thorough approach to managing the working capital and hold regular reviews, which includes an assessment of any bad debt risk. This is supported by monitoring of key performance indicators.

The Group's ability to continue as a going concern depends on it being able to respond to market trends and to capture new business opportunities arising in the market. The business continues to evolve in response to customers' needs.

ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

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


2. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Profit is recognised at the fair value of the consideration received for installation and completion work for flooring projects. This is measured by reference to the stage of completion of each contract where there is reasonable certainty that the contract will be profitable and is shown net of VAT and other sales related taxes. Where the outcome of the contract cannot be established with reasonable certainty no profit is recognised. Foreseeable losses are provided for to the extent they are anticipated.

Where the progress of contracts is measured overtime the revenue recognised reflects the value of the contract with reference to a survey of work performed. Normally this survey is conducted by a third party and as valuation certificate received.

Where the value of work done exceeds the amounts invoiced, the excess is accounted for as amounts recoverable on contracts and is included within debtors.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can ne measured reliably.

All revenue recognised arises from the provision of construction-related services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten 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.
Improvements to property - in accordance with lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Long term contracts
Long term contracts are assessed on a contract by contract basis and are reflected in the profit and loss account by recording turnover and related costs as contract progresses. Where the outcome of a contract can be assessed with reasonable certainty before its conclusion, the attributable profit is recognised in the profit and loss account as the difference between reported turnover and related costs for that contract.

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term-liquid investments with original maturities of three months or less.

ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

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


3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the group's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experienced other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both the current and future periods.

Depreciation
The rates of depreciation of the various classes of fixed asset have been used consistently from prior years to current year.

Retention Reserve
An estimate is made of the amount of retentions that management consider are irrecoverable.

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,154,739 808,916
Social security costs 163,579 117,209
Other pension costs 297,915 230,472
1,616,233 1,156,597

The average number of employees during the year was as follows:
2024 2023

Management 5 5
Administration and operations 36 31
41 36

2024 2023
£    £   
Directors' remuneration 152,235 140,778
Directors' pension contributions to money purchase schemes 255,750 210,327

ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

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


5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 3,454 709
Depreciation - owned assets 183,754 151,712
Profit on disposal of fixed assets (379 ) (30,570 )
Goodwill amortisation 192,012 192,013
Auditors' remuneration 20,500 -
Lease expenses 51,106 20,302

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 593,704 446,457

Deferred tax 23,576 34,995
Tax on profit 617,280 481,452

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


8. DIVIDENDS

2024 2023
£ £
Ordinary shares of £0.10 each
Interim 882,151 535,000

ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

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


9. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 1,920,128
AMORTISATION
At 1 May 2023 608,041
Amortisation for year 192,012
At 30 April 2024 800,053
NET BOOK VALUE
At 30 April 2024 1,120,075
At 30 April 2023 1,312,087

10. TANGIBLE FIXED ASSETS

Group
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 - 27,137 2,838
Additions 80,098 5,174 -
Disposals - (1,715 ) (2,838 )
At 30 April 2024 80,098 30,596 -
DEPRECIATION
At 1 May 2023 - 9,704 2,231
Charge for year 5,766 4,983 -
Eliminated on disposal - (1,067 ) (2,231 )
At 30 April 2024 5,766 13,620 -
NET BOOK VALUE
At 30 April 2024 74,332 16,976 -
At 30 April 2023 - 17,433 607

ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

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


10. TANGIBLE FIXED ASSETS - continued

Group

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 814,860 37,043 881,878
Additions 581,133 57,029 723,434
Disposals (386,223 ) (8,515 ) (399,291 )
At 30 April 2024 1,009,770 85,557 1,206,021
DEPRECIATION
At 1 May 2023 274,574 12,000 298,509
Charge for year 161,820 11,185 183,754
Eliminated on disposal (160,413 ) (4,579 ) (168,290 )
At 30 April 2024 275,981 18,606 313,973
NET BOOK VALUE
At 30 April 2024 733,789 66,951 892,048
At 30 April 2023 540,286 25,043 583,369

Company
Motor
vehicles
£   
COST
At 1 May 2023 814,860
Additions 581,133
Disposals (386,223 )
At 30 April 2024 1,009,770
DEPRECIATION
At 1 May 2023 274,574
Charge for year 161,820
Eliminated on disposal (160,413 )
At 30 April 2024 275,981
NET BOOK VALUE
At 30 April 2024 733,789
At 30 April 2023 540,286

ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

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


11. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertaking
£   
COST
At 1 May 2023
and 30 April 2024 107
NET BOOK VALUE
At 30 April 2024 107
At 30 April 2023 107


12. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 20,000
NET BOOK VALUE
At 30 April 2024 20,000
At 30 April 2023 20,000

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 4,224,219 4,481,311 - -
Amounts owed by group undertakings - - 21,546 16,995
Other debtors 1,294,611 1,380,812 1,178,004 1,273,717
Directors' current accounts 903,204 254,203 264,917 260,000
Tax 252,927 - 89,409 -
VAT 166,318 108,091 - 7,468
Prepayments and accrued income 73,849 51,215 - -
Prepayments - 2,500 - 2,500
6,915,128 6,278,132 1,553,876 1,560,680

ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

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


14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade creditors 1,461,916 1,313,815 - -
Corporation tax 758,882 446,455 13,165 2,718
Social security and other taxes 124,248 113,042 - -
VAT - - 11,909 -
Other creditors 164,291 179,626 - -
Directors' current accounts 208,278 163,641 - -
Accruals and deferred income 1,237,546 1,452,044 - -
Accruals 633 - 633 -
3,955,794 3,668,623 25,707 2,718

15. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 107,601 20,302
Between one and five years 295,065 1,692
402,666 21,994

16. PROVISIONS FOR LIABILITIES

Group Company
2024 2023 2024 2023
£    £    £    £   
Deferred tax
Accelerated capital allowances 39,565 10,771 - -
Deferred tax 89,931 95,149 89,931 95,149
129,496 105,920 89,931 95,149

Group
Deferred
tax
£   
Balance at 1 May 2023 105,920
Charge to Income Statement during year 23,576
Balance at 30 April 2024 129,496

ACTIVE SOLUTIONS GROUP LIMITED (REGISTERED NUMBER: 12435658)

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


16. PROVISIONS FOR LIABILITIES - continued

Company
Deferred
tax
£   
Balance at 1 May 2023 95,149
Credit to Statement of Income and Retained Earnings during year (5,218 )
Balance at 30 April 2024 89,931

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,080 A Ordinary £0.10 108.00 108.00
740 B Ordinary £0.10 74.00 74.00
220 C Ordinary £0.10 22.00 22.00
204 D Ordinary £0.10 20.40 20,40
2 E Ordinary £0.10 0.20 0.20
20 F Ordinary £0.10 2,00 2.00
226.60 226.60

Specific rights, preferences and restrictions attaching to each class are included in the company's Articles and confirmation statement filed at Companies House.

18. RESERVES

Group
Retained Share
earnings premium Totals
£    £    £   

At 1 May 2023 5,481,463 17,984 5,499,447
Profit for the year 1,589,555 1,589,555
Dividends (882,151 ) (882,151 )
At 30 April 2024 6,188,867 17,984 6,206,851