Silverfin false false 30/04/2024 01/05/2023 30/04/2024 T J J Bonnet 01/05/2024 20/03/2020 N A Gardner 01/01/2011 A Grayson 23/01/2024 R M Rajan 20/10/2023 21/02/2023 M A Shearer 03/11/2005 R O A Smith 16/10/2023 14/12/2020 21 January 2025 The principal activity of the company continued to be that of connecting and resourcing community projects. 05611771 2024-04-30 05611771 bus:Director1 2024-04-30 05611771 bus:Director2 2024-04-30 05611771 bus:Director3 2024-04-30 05611771 bus:Director4 2024-04-30 05611771 bus:Director5 2024-04-30 05611771 bus:Director6 2024-04-30 05611771 2023-04-30 05611771 core:CurrentFinancialInstruments 2024-04-30 05611771 core:CurrentFinancialInstruments 2023-04-30 05611771 core:Non-currentFinancialInstruments 2024-04-30 05611771 core:Non-currentFinancialInstruments 2023-04-30 05611771 core:ShareCapital 2024-04-30 05611771 core:ShareCapital 2023-04-30 05611771 core:SharePremium 2024-04-30 05611771 core:SharePremium 2023-04-30 05611771 core:RetainedEarningsAccumulatedLosses 2024-04-30 05611771 core:RetainedEarningsAccumulatedLosses 2023-04-30 05611771 core:ShareCapital 2022-04-30 05611771 core:SharePremium 2022-04-30 05611771 core:RetainedEarningsAccumulatedLosses 2022-04-30 05611771 2022-04-30 05611771 core:OtherResidualIntangibleAssets 2023-04-30 05611771 core:OtherResidualIntangibleAssets 2024-04-30 05611771 core:OtherPropertyPlantEquipment 2023-04-30 05611771 core:OtherPropertyPlantEquipment 2024-04-30 05611771 bus:OrdinaryShareClass1 2024-04-30 05611771 2023-05-01 2024-04-30 05611771 bus:FilletedAccounts 2023-05-01 2024-04-30 05611771 bus:SmallEntities 2023-05-01 2024-04-30 05611771 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05611771 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05611771 bus:Director1 2023-05-01 2024-04-30 05611771 bus:Director2 2023-05-01 2024-04-30 05611771 bus:Director3 2023-05-01 2024-04-30 05611771 bus:Director4 2023-05-01 2024-04-30 05611771 bus:Director5 2023-05-01 2024-04-30 05611771 bus:Director6 2023-05-01 2024-04-30 05611771 core:ShareCapital 2022-05-01 2023-04-30 05611771 core:SharePremium 2022-05-01 2023-04-30 05611771 core:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 05611771 2022-05-01 2023-04-30 05611771 core:ShareCapital 2023-05-01 2024-04-30 05611771 core:SharePremium 2023-05-01 2024-04-30 05611771 core:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 05611771 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-05-01 2024-04-30 05611771 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-05-01 2024-04-30 05611771 core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 05611771 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 05611771 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 05611771 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 05611771 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05611771 (England and Wales)

ACTIONFUNDER LTD

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

ACTIONFUNDER LTD

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

ACTIONFUNDER LTD

COMPANY INFORMATION

For the financial year ended 30 April 2024
ACTIONFUNDER LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2024
DIRECTORS T J J Bonnet (Resigned 01 May 2024)
N A Gardner
A Grayson (Appointed 23 January 2024)
R M Rajan (Resigned 20 October 2023)
M A Shearer
R O A Smith (Resigned 16 October 2023)
REGISTERED OFFICE 3 Garrick Street
First Floor
London
WC2E 9BF
United Kingdom
COMPANY NUMBER 05611771 (England and Wales)
ACCOUNTANT Evelyn Partners (Thames Valley) Limited
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
ACTIONFUNDER LTD

BALANCE SHEET

As at 30 April 2024
ACTIONFUNDER LTD

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 281,553 407,758
Tangible assets 4 3,136 6,710
284,689 414,468
Current assets
Debtors 5 493,223 523,547
Cash at bank and in hand 6 562,441 231,767
1,055,664 755,314
Creditors: amounts falling due within one year 7 ( 647,483) ( 296,392)
Net current assets 408,181 458,922
Total assets less current liabilities 692,870 873,390
Creditors: amounts falling due after more than one year 8 ( 30,600) ( 36,780)
Net assets 662,270 836,610
Capital and reserves
Called-up share capital 10 72,807 64,369
Share premium account 1,938,703 1,597,138
Profit and loss account ( 1,349,240 ) ( 824,897 )
Total shareholders' funds 662,270 836,610

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Actionfunder Ltd (registered number: 05611771) were approved and authorised for issue by the Board of Directors on 21 January 2025. They were signed on its behalf by:

M A Shearer
Director
ACTIONFUNDER LTD

STATEMENT OF CHANGES IN EQUITY

For the financial year ended 30 April 2024
ACTIONFUNDER LTD

STATEMENT OF CHANGES IN EQUITY (continued)

For the financial year ended 30 April 2024
Called-up share capital Share premium account Profit and loss account Total
£ £ £ £
At 01 May 2022 64,369 1,597,138 ( 546,468) 1,115,039
Loss for the financial year 0 0 ( 278,429) ( 278,429)
Total comprehensive loss 0 0 ( 278,429) ( 278,429)
At 30 April 2023 64,369 1,597,138 ( 824,897) 836,610
At 01 May 2023 64,369 1,597,138 ( 824,897) 836,610
Loss for the financial year 0 0 ( 524,343) ( 524,343)
Total comprehensive loss 0 0 ( 524,343) ( 524,343)
Issue of share capital 8,438 341,565 0 350,003
At 30 April 2024 72,807 1,938,703 ( 1,349,240) 662,270
ACTIONFUNDER LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
ACTIONFUNDER LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Actionfunder Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Garrick Street, First Floor, London, WC2E 9BF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Actionfunder Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for the rendering of services in the normal course of business, and is shown net of discounts and VAT.

Revenue arises from the provision of community project services and is recognised proportionally over the performance of the service contract, by reference to the stage of completion of the transaction at the end of the reporting period.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 9 17

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 May 2023 881,364 881,364
At 30 April 2024 881,364 881,364
Accumulated amortisation
At 01 May 2023 473,606 473,606
Charge for the financial year 126,205 126,205
At 30 April 2024 599,811 599,811
Net book value
At 30 April 2024 281,553 281,553
At 30 April 2023 407,758 407,758

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2023 17,427 17,427
At 30 April 2024 17,427 17,427
Accumulated depreciation
At 01 May 2023 10,717 10,717
Charge for the financial year 3,574 3,574
At 30 April 2024 14,291 14,291
Net book value
At 30 April 2024 3,136 3,136
At 30 April 2023 6,710 6,710

5. Debtors

2024 2023
£ £
Trade debtors 288,123 337,218
Deferred tax asset 195,218 103,447
Corporation tax 0 66,823
Other debtors 9,882 16,059
493,223 523,547

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 562,441 231,767

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 6,622 6,046
Trade creditors 17,430 7,991
Other taxation and social security 36,445 22,798
Other creditors 586,986 259,557
647,483 296,392

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 30,600 36,780

There are no amounts included above in respect of which any security has been given by the small entity.

9. Deferred tax

2024 2023
£ £
At the beginning of financial year 103,447 74,927
Credited to the Profit and Loss Account 91,771 28,520
At the end of financial year 195,218 103,447

10. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
728,065 ordinary shares of £ 0.10 each (2023: 643,688 shares of £ 0.10 each) 72,807 64,369

11. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 25,200 50,400