IRIS Accounts Production v24.3.2.46 02375365 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh023753652023-04-30023753652024-04-30023753652023-05-012024-04-30023753652022-04-30023753652022-05-012023-04-30023753652023-04-3002375365ns14:PoundSterling2023-05-012024-04-3002375365ns10:Director12023-05-012024-04-3002375365ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3002375365ns10:SmallEntities2023-05-012024-04-3002375365ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3002375365ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3002375365ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3002375365ns10:FullAccounts2023-05-012024-04-300237536512023-05-012024-04-3002375365ns10:Director22023-05-012024-04-3002375365ns10:Director32023-05-012024-04-3002375365ns10:CompanySecretary12023-05-012024-04-3002375365ns10:RegisteredOffice2023-05-012024-04-3002375365ns5:CurrentFinancialInstruments2024-04-3002375365ns5:CurrentFinancialInstruments2023-04-3002375365ns5:ShareCapital2024-04-3002375365ns5:ShareCapital2023-04-3002375365ns5:RetainedEarningsAccumulatedLosses2024-04-3002375365ns5:RetainedEarningsAccumulatedLosses2023-04-3002375365ns5:NetGoodwill2023-05-012024-04-3002375365ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3002375365ns5:PlantMachinery2023-05-012024-04-3002375365ns5:NetGoodwill2023-04-3002375365ns5:NetGoodwill2024-04-3002375365ns5:NetGoodwill2023-04-3002375365ns5:PlantMachinery2023-04-3002375365ns5:PlantMachinery2024-04-3002375365ns5:PlantMachinery2023-04-3002375365ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3002375365ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30023753651ns10:Director12023-04-30023753651ns10:Director12022-04-30023753651ns10:Director12023-05-012024-04-30023753651ns10:Director12022-05-012023-04-30023753651ns10:Director12024-04-30023753651ns10:Director12023-04-30
REGISTERED NUMBER: 02375365















ACTSURE LIMITED
TRADING AS
FAST CABS

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024






ACTSURE LIMITED (REGISTERED NUMBER: 02375365)
TRADING AS FAST CABS






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


ACTSURE LIMITED
TRADING AS FAST CABS

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: T H Stubbins
Mrs G Stubbins
Mrs D L Pugh





SECRETARY: T H Stubbins





REGISTERED OFFICE: 184 Ashby High Street
Scunthorpe
North Lincolnshire
DN16 2JR





REGISTERED NUMBER: 02375365





ACCOUNTANTS: Clark Hearsey
Chartered Certified Accountants
Fairfield Enterprise Centre
Lincoln Way
Fairfield Industrial Estate
Louth
Lincolnshire
LN11 0LS

ACTSURE LIMITED (REGISTERED NUMBER: 02375365)
TRADING AS FAST CABS

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,200 2,050
Tangible assets 5 69,516 74,820
70,716 76,870

CURRENT ASSETS
Debtors 6 124,336 131,880
Cash at bank 410,350 412,986
534,686 544,866
CREDITORS
Amounts falling due within one year 7 149,589 129,341
NET CURRENT ASSETS 385,097 415,525
TOTAL ASSETS LESS CURRENT
LIABILITIES

455,813

492,395

PROVISIONS FOR LIABILITIES 13,200 13,475
NET ASSETS 442,613 478,920

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 441,613 477,920
SHAREHOLDERS' FUNDS 442,613 478,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ACTSURE LIMITED (REGISTERED NUMBER: 02375365)
TRADING AS FAST CABS

BALANCE SHEET - continued
30TH APRIL 2024


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 Board of Directors and authorised for issue on 30th January 2025 and were signed on its behalf by:





T H Stubbins - Director


ACTSURE LIMITED (REGISTERED NUMBER: 02375365)
TRADING AS FAST CABS

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

1. STATUTORY INFORMATION

Actsure Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery etc - 25% on reducing balance, 15% on cost and 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 33 ) .

ACTSURE LIMITED (REGISTERED NUMBER: 02375365)
TRADING AS FAST CABS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 7,250
AMORTISATION
At 1st May 2023 5,200
Charge for year 850
At 30th April 2024 6,050
NET BOOK VALUE
At 30th April 2024 1,200
At 30th April 2023 2,050

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023 368,903
Additions 22,207
Disposals (27,929 )
At 30th April 2024 363,181
DEPRECIATION
At 1st May 2023 294,083
Charge for year 19,611
Eliminated on disposal (20,029 )
At 30th April 2024 293,665
NET BOOK VALUE
At 30th April 2024 69,516
At 30th April 2023 74,820

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,910 24,657
Other debtors 107,426 107,223
124,336 131,880

ACTSURE LIMITED (REGISTERED NUMBER: 02375365)
TRADING AS FAST CABS

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,165 6,326
Taxation and social security 37,697 47,938
Other creditors 99,727 75,077
149,589 129,341

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2024 and 30th April 2023:

2024 2023
£    £   
T H Stubbins
Balance outstanding at start of year 74,269 55,569
Amounts advanced 21,817 18,700
Amounts repaid (26,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 70,086 74,269

9. RELATED PARTY DISCLOSURES

During the year the company rented a property from Stubbins & Williamson Limited at a cost of £11,762 (2023: £11,744). Stubbins & Williamson Limited is a company controlled by one of the directors of Actsure Limited.

At the balance sheet date there was no liability outstanding in respect of this matter.