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REGISTERED NUMBER: 02078524 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

ACTION INFORMATION TECHNOLOGIES LIMITED

ACTION INFORMATION TECHNOLOGIES LIMITED (REGISTERED NUMBER: 02078524)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ACTION INFORMATION TECHNOLOGIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: M A W Prior





REGISTERED OFFICE: The Threshing Barn
Chain Lane
Coed-y-Go
Oswestry
Shropshire
SY10 9AD





REGISTERED NUMBER: 02078524 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

ACTION INFORMATION TECHNOLOGIES LIMITED (REGISTERED NUMBER: 02078524)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 173
Investments 5 570,985 533,810
570,985 533,983

CURRENT ASSETS
Debtors 6 61,940 107,224
Cash at bank 7,979 640
69,919 107,864
CREDITORS
Amounts falling due within one year 7 229,285 313,448
NET CURRENT LIABILITIES (159,366 ) (205,584 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,619

328,399

PROVISIONS FOR LIABILITIES 8 40,881 57,667
NET ASSETS 370,738 270,732

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 372,604 301,143
Retained earnings 9 (1,966 ) (30,511 )
SHAREHOLDERS' FUNDS 370,738 270,732

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

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

The director acknowledges his 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.

ACTION INFORMATION TECHNOLOGIES LIMITED (REGISTERED NUMBER: 02078524)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 director and authorised for issue on 14 January 2025 and were signed by:





M A W Prior - Director


ACTION INFORMATION TECHNOLOGIES LIMITED (REGISTERED NUMBER: 02078524)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Action Information Technologies 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced value of goods and services, excluding value added tax.


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 - 15% on reducing balance
Computer equipment - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Investments are included at fair value.

ACTION INFORMATION TECHNOLOGIES LIMITED (REGISTERED NUMBER: 02078524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 7,701 9,839 17,540
DEPRECIATION
At 1 November 2023 7,701 9,666 17,367
Charge for year - 173 173
At 31 October 2024 7,701 9,839 17,540
NET BOOK VALUE
At 31 October 2024 - - -
At 31 October 2023 - 173 173

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 November 2023 533,810
Disposals (17,500 )
Revaluations 54,675
At 31 October 2024 570,985
NET BOOK VALUE
At 31 October 2024 570,985
At 31 October 2023 533,810

Cost or valuation at 31 October 2024 is represented by:

Other
investments
£   
Valuation in 2018 259,842
Valuation in 2019 36,601
Valuation in 2020 (1,802 )
Valuation in 2021 94,795
Valuation in 2022 (55,187 )
Valuation in 2023 24,561
Valuation in 2024 54,675
Cost 157,500
570,985

ACTION INFORMATION TECHNOLOGIES LIMITED (REGISTERED NUMBER: 02078524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 61,940 107,224

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,801 1,500
VAT 4,938 4,856
Directors' current accounts 222,546 307,092
229,285 313,448

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Other timing differences 40,881 57,667

Deferred
tax
£   
Balance at 1 November 2023 57,667
Fair value adjustment (16,786 )
Balance at 31 October 2024 40,881

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 November 2023 (30,511 ) 301,143 270,632
Profit for the year 122,006 122,006
Dividends (22,000 ) (22,000 )
Fair value adjustment (71,461 ) 71,461 -
At 31 October 2024 (1,966 ) 372,604 370,638

Deferred tax of £40,881 (2023 - £57,667) has been debited to the fair value reserve