ACTJACK LIMITED


Directors	SMYTH, Gary Benjamin
	SMYTH, James Henry
	SMYTH, Jamie Lee
	SMYTH, Jason Gary


Registered Address	56 Fore Street
	Redruth
	TR15 2AQ


Registered Number	01845163 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		46,758		37,971
			46,758		37,971
Current assets
Stocks	4	446,223		436,165
Debtors		15,007		16,146
Cash at bank and on hand		250,689		210,395
		711,919		662,706
Creditors amounts falling due within one year	5	(251,361)		(158,925)
Net current assets (liabilities)			460,558		503,781
Total assets less current liabilities			507,316		541,752
Provisions for liabilities	6		(7,754)		(7,217)
Net assets			499,562		534,535
Capital and reserves
Called up share capital			200		200
Profit and loss account			499,362		534,335
Shareholders' funds			499,562		534,535

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 12 September 2025, and are signed on its behalf by:

SMYTH, Jason Gary
Director
Registered Company No. 01845163

ACTJACK LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention.

	Turnover policy
	Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	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.

	Current 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 statement of financial position date.

Current 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 statement of financial position date.

	Deferred tax
	Deferred tax is recognised in respect of all timing difference that have originated but not reversed at the statement of financial position 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.

Deferred tax

Deferred tax is recognised in respect of all timing difference that have originated but not reversed at the statement of financial position 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.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	15
Plant and machinery	25	-
Fixtures and fittings	15	-

	Stocks and work in progress
	Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	32		32

3.	Tangible fixed assets

	Land & buildings	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 24	18,095	78,412	76,493	173,000
Additions	8,840	-	11,333	20,173
At 31 December 24	26,935	78,412	87,826	193,173
Depreciation and impairment
At 01 January 24	17,189	54,708	63,132	135,029
Charge for year	1,756	5,926	3,704	11,386
At 31 December 24	18,945	60,634	66,836	146,415
Net book value
At 31 December 24	7,990	17,778	20,990	46,758
At 31 December 23	906	23,704	13,361	37,971

4.	Stocks

	2024	2023
	£	£
Other stocks	446,223	436,165
Total	446,223	436,165

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	202,787	119,169
Bank borrowings and overdrafts	37	-
Taxation and social security	41,067	31,972
Other creditors	1,490	1,306
Accrued liabilities and deferred income	5,980	6,478
Total	251,361	158,925

6.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	7,754	7,217
Total	7,754	7,217

7.	Directors advances, credits and guarantees
	(i) The company trades from properties in Redruth, Camborne and Bodmin which are owned personally by two of the directors, Mr J H and Mrs J E Smyth. No formal lease agreement is held by the company. The total annual rent charged in the year for the use of the properties is £84,746 (2023: £62,048). (ii) The company trades from a property in Penzance which is owned by a family trust established by two of the directors for the benefit of their children and grandchildren. A number of the beneficiaries are now employed by the company, and two of the beneficiaries were appointed as directors in October 2003. One subsequently resigned in October 2007. There is no formal lease between the company and the trust. The property is occupied on rent free terms. (iii) Goods taken from the shops by the directors are charged at retail value to the directors current account balances. At the end of the year, the director Mr J H was owed from the company £1,490 (2023: £1,306).

Directors advances, credits and guarantees

(i) The company trades from properties in Redruth, Camborne and Bodmin which are owned personally by two of the directors, Mr J H and Mrs J E Smyth. No formal lease agreement is held by the company. The total annual rent charged in the year for the use of the properties is £84,746 (2023: £62,048). 

(ii) The company trades from a property in Penzance which is owned by a family trust established by two of the directors for the benefit of their children and grandchildren. A number of the beneficiaries are now employed by the company, and two of the beneficiaries were appointed as directors in October 2003. One subsequently resigned in October 2007. There is no formal lease between the company and the trust. The property is occupied on rent free terms. 

(iii) Goods taken from the shops by the directors are charged at retail value to the directors current account balances. At the end of the year, the director Mr J H was owed from the company £1,490 (2023: £1,306).