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REGISTERED NUMBER: 02512682 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ACTIVITY WORLD LTD.

ACTIVITY WORLD LTD. (REGISTERED NUMBER: 02512682)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACTIVITY WORLD LTD.

COMPANY INFORMATION
for the Year Ended 30 SEPTEMBER 2024







DIRECTOR: Mr M A Boyle





SECRETARY: Mrs E A Boyle





REGISTERED OFFICE: Padholme Road East
Peterborough
Cambridgeshire
PE1 5XH





REGISTERED NUMBER: 02512682 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

ACTIVITY WORLD LTD. (REGISTERED NUMBER: 02512682)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,281,266 1,287,447
Investments 5 262 262
1,281,528 1,287,709

CURRENT ASSETS
Stocks 95,357 111,971
Debtors 6 10,995 17,540
Cash at bank 87,687 80,931
194,039 210,442
CREDITORS
Amounts falling due within one year 7 33,816 46,629
NET CURRENT ASSETS 160,223 163,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,441,751

1,451,522

PROVISIONS FOR LIABILITIES 8 139,119 140,399
NET ASSETS 1,302,632 1,311,123

CAPITAL AND RESERVES
Called up share capital 262 262
Revaluation reserve 9 624,484 624,484
Capital redemption reserve 738 738
Retained earnings 677,148 685,639
SHAREHOLDERS' FUNDS 1,302,632 1,311,123

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

ACTIVITY WORLD LTD. (REGISTERED NUMBER: 02512682)

BALANCE SHEET - continued
30 SEPTEMBER 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 28 March 2025 and were signed by:





Mr M A Boyle - Director


ACTIVITY WORLD LTD. (REGISTERED NUMBER: 02512682)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Activity World Ltd. 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 the fair value of consideration received or receivable after any trade discounts and prompt settlement discounts, 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.
Freehold property - Nil
Plant and machinery - 10% on reducing balance
Fixtures and fittings- 10% on reducing balance
The freehold property is being depreciated to its estimated residual value over its deemed useful economic life. The director believes the residual value to be at least the current carrying value in these accounts and therefore any depreciation would be negligible. The maintenance costs are charged to profit and loss account in the year incurred. The director reviews the estimated residual value at the end of each accounting period.

Plant and machinery, and fixtures and fittings are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
The gain or loss arising on disposal of an asset is determined at the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.

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.


ACTIVITY WORLD LTD. (REGISTERED NUMBER: 02512682)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at transaction price.

Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 October 2023 1,200,000 455,228 139,900 1,795,128
Additions - - 2,849 2,849
At 30 September 2024 1,200,000 455,228 142,749 1,797,977
DEPRECIATION
At 1 October 2023 - 408,147 99,534 507,681
Charge for year - 4,708 4,322 9,030
At 30 September 2024 - 412,855 103,856 516,711
NET BOOK VALUE
At 30 September 2024 1,200,000 42,373 38,893 1,281,266
At 30 September 2023 1,200,000 47,081 40,366 1,287,447

ACTIVITY WORLD LTD. (REGISTERED NUMBER: 02512682)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 September 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
Valuation in 2024 1,200,000 - - 1,200,000
Cost - 455,228 142,749 597,977
1,200,000 455,228 142,749 1,797,977

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 394,969 394,969

Freehold property was valued on an open market basis on 30 September 2024 by the director.

Included in cost or valuation of land and building is freehold land of £480,000 (2023: £480,000) which is not depreciated.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 262
NET BOOK VALUE
At 30 September 2024 262
At 30 September 2023 262

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,603 11,840
Prepayments 6,392 5,700
10,995 17,540

ACTIVITY WORLD LTD. (REGISTERED NUMBER: 02512682)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 136 4,065
Corporation tax 2,591 6,998
VAT 14,127 16,283
Other creditors 4,435 6,819
Accruals and deferred income 12,527 12,464
33,816 46,629

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 139,119 140,399

Deferred
tax
£   
Balance at 1 October 2023 140,399
Accelerated capital allowances (1,280 )
Balance at 30 September 2024 139,119

9. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 624,484

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M A Boyle.