Registered number
02474209
Actreg (UK) Limited
Filleted Accounts
31 December 2024
Actreg (UK) Limited
Registered number: 02474209
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 68,747 53,035
Investments 4 239,230 239,230
307,977 292,265
Current assets
Stocks 68,412 62,733
Debtors 5 319,168 253,124
Cash at bank and in hand 643,918 624,177
1,031,498 940,034
Creditors: amounts falling due within one year 6 (337,514) (263,654)
Net current assets 693,984 676,380
Total assets less current liabilities 1,001,961 968,645
Provisions for liabilities (17,187) (10,077)
Net assets 984,774 958,568
Capital and reserves
Called up share capital 40,000 40,000
Profit and loss account 944,774 918,568
Shareholders' funds 984,774 958,568
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S C Marshall
Director
Approved by the board on 10 March 2025
Actreg (UK) Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant, machinery and office equipment 20% reducing balance
Motor vehicles 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 121,395 149,852 271,247
Additions - 43,700 43,700
Disposals - (76,934) (76,934)
At 31 December 2024 121,395 116,618 238,013
Depreciation
At 1 January 2024 114,883 103,329 218,212
Charge for the year 1,303 21,179 22,482
On disposals - (71,428) (71,428)
At 31 December 2024 116,186 53,080 169,266
Net book value
At 31 December 2024 5,209 63,538 68,747
At 31 December 2023 6,512 46,523 53,035
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2024 239,230
At 31 December 2024 239,230
5 Debtors 2024 2023
£ £
Trade debtors 287,539 214,030
Amounts owed by group undertakings and undertakings in which the company has a participating interest 7,807 7,807
Other debtors 23,822 31,287
319,168 253,124
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 216,382 180,132
Director's loan 2,444 2,444
Taxation and social security costs 59,561 63,489
Other creditors 59,127 17,589
337,514 263,654
7 Related party transactions
Actreg (UK) Directors Pension Fund
Pension scheme in which S C Marshall and M Unwin are members
Rent paid to related party 19,250 19,250
DTZ Pension Fund
Pension scheme in which R G McGeachy is a member
Rent paid to related party 8,650 8,650
Anglia Valves & Controls Limited
Directors in common
Sales made to related party 31,613 5,569
Sales ledger balance due from the related party 761 619
Koei Limited
Subsidiary of Actreg (UK) Limited
Loan made to related party 7,807 7,807
8 Controlling party
The company's controlling party was the directors, S C Marshall, M Unwin and R G McGeachy who each owned one third of the issued share capital.
9 Other information
Actreg (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2 Henson Close
Telford Way Industrial Estate
Kettering
Northamptonshire
NN16 8PZ
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