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Registered number: 13071314
Active8 Managed Technologies (Silverstone) Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Saul Fairholm Limited
Chartered Accountants
12 Tentercroft Street
Lincoln
Lincolnshire
LN5 7DB
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Company Information
Directors Mr R T Appleton
Mr N Swindin
Mr M M Fincher
Secretary Mr N Swindin
Company Number 13071314
Registered Office Unit 15 Halifax Court
Fernwood Business Park, Cross Lane
Newark
NG24 3JP
Accountants Saul Fairholm Limited
Chartered Accountants
12 Tentercroft Street
Lincoln
Lincolnshire
LN5 7DB
Page 1
Page 2
Balance Sheet
Registered number: 13071314
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 29,577 14,748
Cash at bank and in hand - 100
29,577 14,848
Creditors: Amounts Falling Due Within One Year 5 (8,699 ) (2,982 )
NET CURRENT ASSETS (LIABILITIES) 20,878 11,866
TOTAL ASSETS LESS CURRENT LIABILITIES 20,878 11,866
NET ASSETS 20,878 11,866
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 20,778 11,766
SHAREHOLDERS' FUNDS 20,878 11,866
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors for Active8 Managed Technologies (Silverstone) Ltd (Company No: 13071314) on 10 April 2025 and were signed on its behalf by:
Mr N Swindin
Director
10/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Active8 Managed Technologies (Silverstone) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13071314 . The registered office is Unit 15 Halifax Court, Fernwood Business Park, Cross Lane, Newark, NG24 3JP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. 
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.5. Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at transaction price. They are subsequently measured at amortised cost using the effective interest rate method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,891 -
Amounts owed by group undertakings 21,686 14,748
29,577 14,748
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,220 -
Other creditors 4,250 -
Taxation and social security 2,229 2,982
8,699 2,982
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
The amount due from Active8 Managed Technologies Limited at the year end totalled £21,686 (2023: £14.748). Active8 Managed Technologies Limited is the company's parent entity.
8. Controlling Party
The company's controlling party is A8MT Holdings Limited by virtue of its ownership of 100% of the issued share capital in the company's parent company Active8 Managed Technologies Limited.
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