Acorah Software Products - Accounts Production 16.2.850 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 08493548 Mr R T Appleton Mr C G Daniels Mr D J Hayward Mr K P Ingman Mr A Patterson Mr N J Swindin Mr K Wawryka A8MT Holdings Limited incorporated in England, true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08493548 2023-09-30 08493548 2024-09-30 08493548 2023-10-01 2024-09-30 08493548 frs-core:CurrentFinancialInstruments 2024-09-30 08493548 frs-core:Non-currentFinancialInstruments 2024-09-30 08493548 frs-core:ComputerEquipment 2024-09-30 08493548 frs-core:ComputerEquipment 2023-10-01 2024-09-30 08493548 frs-core:ComputerEquipment 2023-09-30 08493548 frs-core:FurnitureFittings 2024-09-30 08493548 frs-core:FurnitureFittings 2023-10-01 2024-09-30 08493548 frs-core:FurnitureFittings 2023-09-30 08493548 frs-core:NetGoodwill 2024-09-30 08493548 frs-core:NetGoodwill 2023-10-01 2024-09-30 08493548 frs-core:NetGoodwill 2023-09-30 08493548 frs-core:PlantMachinery 2024-09-30 08493548 frs-core:PlantMachinery 2023-10-01 2024-09-30 08493548 frs-core:PlantMachinery 2023-09-30 08493548 frs-core:WithinOneYear 2024-09-30 08493548 frs-core:ShareCapital 2024-09-30 08493548 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 08493548 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08493548 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 08493548 frs-bus:SmallEntities 2023-10-01 2024-09-30 08493548 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08493548 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08493548 1 2023-10-01 2024-09-30 08493548 frs-bus:Director1 2023-10-01 2024-09-30 08493548 frs-bus:Director2 2023-10-01 2024-09-30 08493548 frs-bus:Director3 2023-10-01 2024-09-30 08493548 frs-bus:Director4 2023-10-01 2024-09-30 08493548 frs-bus:Director5 2023-10-01 2024-09-30 08493548 frs-bus:Director6 2023-10-01 2024-09-30 08493548 frs-bus:Director7 2023-10-01 2024-09-30 08493548 frs-core:CurrentFinancialInstruments 1 2024-09-30 08493548 frs-core:CurrentFinancialInstruments 2 2024-09-30 08493548 frs-countries:EnglandWales 2023-10-01 2024-09-30 08493548 2022-09-30 08493548 2023-09-30 08493548 2022-10-01 2023-09-30 08493548 frs-core:CurrentFinancialInstruments 2023-09-30 08493548 frs-core:Non-currentFinancialInstruments 2023-09-30 08493548 frs-core:WithinOneYear 2023-09-30 08493548 frs-core:ShareCapital 2023-09-30 08493548 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 08493548 frs-core:CurrentFinancialInstruments 1 2023-09-30 08493548 frs-core:CurrentFinancialInstruments 2 2023-09-30
Registered number: 08493548
Active8 Managed Technologies Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Saul Fairholm Limited
12 Tentercroft Street
Lincoln
Lincolnshire
LN5 7DB
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—9
Page 1
Company Information
Directors Mr R T Appleton
Mr C G Daniels
Mr D J Hayward
Mr K P Ingman
Mr A Patterson
Mr N J Swindin
Mr K Wawryka
Company Number 08493548
Registered Office Unit 15 Halifax Court
Fernwood Business Park, Cross Lane
Newark
NG24 3JP
Business 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: 08493548
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 108,347 -
Tangible Assets 5 43,819 6,733
152,166 6,733
CURRENT ASSETS
Stocks 6 1,754,134 1,790,647
Debtors 7 904,228 890,137
2,658,362 2,680,784
Creditors: Amounts Falling Due Within One Year 8 (3,887,950 ) (3,692,533 )
NET CURRENT ASSETS (LIABILITIES) (1,229,588 ) (1,011,749 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,077,422 ) (1,005,016 )
Creditors: Amounts Falling Due After More Than One Year 9 (19,000 ) (142,592 )
NET LIABILITIES (1,096,422 ) (1,147,608 )
CAPITAL AND RESERVES
Called up share capital 11 4,000 4,000
Profit and Loss Account (1,100,422 ) (1,151,608 )
SHAREHOLDERS' FUNDS (1,096,422) (1,147,608)
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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 of Active8 Managed Technologies Limited (Registered No. 08493548) were approved by the board of directors on 10 April 2025 and were signed on its behalf by:
Mr N J Swindin
Director
10/04/2025
The notes on pages 4 to 9 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Active8 Managed Technologies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08493548 . The registered office and principle place of business 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 except that as disclosed in the accounting policies certain items are shown at fair value 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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% straight line and 25% reducing balance
Fixtures & Fittings 33% straight line and 25% reducing balance
Computer Equipment 33% straight line
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 
Machine stock and service stock are valued at the lower of cost and estimated selling price less costs to sell. Cost is determined using first in first out (FIFO) method.
Stock in field is the consumable toner, ink and parts which are on site with the relevant photocopier machines. The stock is valued on a usage basis using an average cost calculation. 
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced and the impairment loss is recognised immediately in profit or loss. 
2.8. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. 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.
2.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.11. 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. 
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2.12. Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have and unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. 
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
2.13. Share capital
Ordinary shares are classified as equity. Equity instruments are measured at fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money material, the initial measurement is on a present value basis. 
2.14.  Exemption from preparing group accounts
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 66 (2023: 66)
66 66
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 195,625
Additions 108,347
As at 30 September 2024 303,972
Amortisation
As at 1 October 2023 195,625
As at 30 September 2024 195,625
Net Book Value
As at 30 September 2024 108,347
As at 1 October 2023 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 18,605 3,874 366,870 389,349
Additions 25,144 318 17,007 42,469
Disposals - (3,368 ) (225,630 ) (228,998 )
As at 30 September 2024 43,749 824 158,247 202,820
...CONTINUED
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Depreciation
As at 1 October 2023 17,641 3,426 361,549 382,616
Provided during the period 16,854 105 (11,576 ) 5,383
Disposals - (3,368 ) (225,630 ) (228,998 )
As at 30 September 2024 34,495 163 124,343 159,001
Net Book Value
As at 30 September 2024 9,254 661 33,904 43,819
As at 1 October 2023 964 448 5,321 6,733
6. Stocks
2024 2023
£ £
Stock in field 1,639,547 1,545,547
Finished goods and goods for resale 114,587 245,100
1,754,134 1,790,647
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 570,171 606,388
Prepayments and accrued income 318,756 265,710
Other debtors 15,301 10,455
Wages and salary control - 7,584
904,228 890,137
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 32,329 41,518
Trade creditors 784,279 1,205,994
Bank loans and overdrafts 147,067 315,237
Other loans 1,468,258 1,296,803
Corporation tax 79,633 93,330
PAYE and NIC Creditor 110,862 122,993
VAT 132,352 46,881
Wages and salary control 195,610 -
Other creditors 103,456 1,895
Settlement creditors 132,178 199,270
Pension contributions unpaid 16,801 5,005
Accruals and deferred income 79,540 90,286
Amounts owed to group undertakings 605,585 273,321
3,887,950 3,692,533
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans (1-2 yrs) 19,000 142,592
Current loans and borrowings
2024
2023
£
£
Current loans and borrowings
Bank overdrafts
147,067
315,237
Finance lease liabilities 
32,329
41,518
Other borrowings
1,468,258
image
1,296,803
image
1,647,654
image
1,653,558
image
Non-current loans and borrwings
2024
2023
£
£
Other borrowings
19,000
image
142,592
image
19,000
image
142,592
image
Other borrowings
Finance leases are denominated in £ with a nominal interest rate at market rates. The carrying amount at the year end is £32,329 (2023 - £41,518).
The finance leases are secured against the underlying asset. 
Other loans are denominated in £ with a nominal interest rate at market rate. The carrying amount at the year end is £1,487,258 (2023 - £1,439,394). Other borrowings consist of a trading loan, a business continuation loan and investor loan. 
Loans are secured by a fixed and floating charge over current assets of the company.
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 32,329 41,518
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4,000 4,000
12. Other Commitments
The total amount of financial commitments not included in the balance sheet is £93,679 (2023 - £275,297). The commitments are due to contract hire agreements on motor vehicles. 
13. Related Party Transactions
The amount due to/from group companies at the year end is disclosed in note 8.
Loan relationship with director.
The company owes under loan agreement £1,196,208 (2023 - £871,208) to a director of the company.
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14. Ultimate Controlling Party
The company's immediate parent is A8MT Holdings Limited incorporated in England, by virtue of its ownership of 100% of the issued share capital in the company.
The ultimate controlling party is the directors.
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