6 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 111,174 111,174 111,174 xbrli:pure xbrli:shares iso4217:GBP 08319956 2024-01-01 2024-12-31 08319956 2024-12-31 08319956 2023-12-31 08319956 2023-01-01 2023-12-31 08319956 2023-12-31 08319956 2022-12-31 08319956 core:MotorVehicles 2024-01-01 2024-12-31 08319956 bus:Director1 2024-01-01 2024-12-31 08319956 core:MotorVehicles 2023-12-31 08319956 core:MotorVehicles 2024-12-31 08319956 core:WithinOneYear 2024-12-31 08319956 core:WithinOneYear 2023-12-31 08319956 core:ShareCapital 2024-12-31 08319956 core:ShareCapital 2023-12-31 08319956 core:RetainedEarningsAccumulatedLosses 2024-12-31 08319956 core:RetainedEarningsAccumulatedLosses 2023-12-31 08319956 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 08319956 core:Non-currentFinancialInstruments 2024-12-31 08319956 core:Non-currentFinancialInstruments 2023-12-31 08319956 core:MotorVehicles 2023-12-31 08319956 bus:SmallEntities 2024-01-01 2024-12-31 08319956 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08319956 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08319956 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08319956 bus:FullAccounts 2024-01-01 2024-12-31 08319956 core:ComputerEquipment 2024-01-01 2024-12-31 08319956 core:ComputerEquipment 2023-12-31 08319956 core:ComputerEquipment 2024-12-31
COMPANY REGISTRATION NUMBER: 08319956
Action Office Interiors Ltd
Filleted Unaudited Financial Statements
31 December 2024
Action Office Interiors Ltd
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
53,700
52,523
Investments
6
111,174
111,174
---------
---------
164,874
163,697
Current assets
Stocks
71,282
41,783
Debtors
7
178,385
71,144
Cash at bank and in hand
165,756
208,022
---------
---------
415,423
320,949
Creditors: amounts falling due within one year
8
( 143,993)
( 112,666)
---------
---------
Net current assets
271,430
208,283
---------
---------
Total assets less current liabilities
436,304
371,980
---------
---------
Net assets
436,304
371,980
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
436,204
371,880
---------
---------
Shareholders funds
436,304
371,980
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Action Office Interiors Ltd
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 1 September 2025 , and are signed on behalf of the board by:
B M Holding
Director
Company registration number: 08319956
Action Office Interiors Ltd
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kingfisher House, Hurstwood Grange, Hurstwood Lane, Haywards Heath, West Sussex, RH17 7QX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
20% reducing balance
Equipment
-
20% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2023: 5 ).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 January 2024
60,589
3,026
63,615
Additions
12,679
550
13,229
--------
-------
--------
At 31 December 2024
73,268
3,576
76,844
--------
-------
--------
Depreciation
At 1 January 2024
9,975
1,117
11,092
Charge for the year
11,391
661
12,052
--------
-------
--------
At 31 December 2024
21,366
1,778
23,144
--------
-------
--------
Carrying amount
At 31 December 2024
51,902
1,798
53,700
--------
-------
--------
At 31 December 2023
50,614
1,909
52,523
--------
-------
--------
6. Investments
Other investments other than loans
£
Cost
At 1 January 2024 and 31 December 2024
111,174
---------
Impairment
At 1 January 2024 and 31 December 2024
---------
Carrying amount
At 31 December 2024
111,174
---------
At 31 December 2023
111,174
---------
7. Debtors
2024
2023
£
£
Trade debtors
159,290
63,958
Amounts owed by group undertakings and undertakings in which the company has a participating interest
14,520
Other debtors
4,575
7,186
---------
--------
178,385
71,144
---------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
81,576
17,625
Amounts owed to group undertakings and undertakings in which the company has a participating interest
2
11,624
Corporation tax
52,640
33,147
Social security and other taxes
36,468
30,227
Other creditors
( 26,693)
20,043
---------
---------
143,993
112,666
---------
---------