REGISTERED NUMBER: 10485471 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

A.C.T. Audit Limited

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

P Spadoni

REGISTERED OFFICE:

Berkeley Suite

35 Berkeley Square

Mayfair

London

Greater London

W1J 5BF

REGISTERED NUMBER:

10485471 (England and Wales)

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The Company principal activity is the provision of Audit and Accounting services.

The firm is registered with the Association of Chartered Certified Accountants (ACCA).

The entity is an authorised Statutory Auditor in The United Kingdom under the terms of the Companies Act 2006.

The entity is authorised as a Statutory Auditor in Ireland under the terms of the Companies Act 2014 and the European Communities (statutory

Audits) (Directive 2006/43/EWC) Regulations 2010.

DIRECTOR

P Spadoni held office during the whole of the period from 1 January 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

P Spadoni - Director

24 September 2025

CURRENT ASSETS

Debtors

4

87,516

202,978

Investments

5

687,643

592,500

Prepayments and accrued income

29,319

9,608

Cash at bank

181,343

241,796

985,821

1,046,882

CREDITORS

Amounts falling due within one year

6

724,564

847,551

NET CURRENT ASSETS

261,257

199,331

TOTAL ASSETS LESS CURRENT LIABILITIES

261,257

199,331

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

259,257

197,331

261,257

199,331

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:

P Spadoni - Director

1.	STATUTORY INFORMATION

A.C.T. Audit Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts chargeable for professional services provided during the year, inclusive of direct expenses incurred on client assignments but excluding value added tax. Turnover is recognised when a right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of the work performed.

Unbilled revenue is included in debtors as 'Accrued Income'.

Financial instruments

Financial Assets and financial liabilities are recognised in the company's statement of financial position when the company becomes a party to the contractual provisions of the instrument. Unless otherwise indicated, the carrying amounts of financial assets and liabilities are at reasonable estimate of their fair values.

Financial Assets

The company's financial assets comprise basic financial assets, being trade and other receivables.

Trade and other receivables are measured at transaction price less any impairment. any impairment loss is recognised in the statement of comprehensive income.

An impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of that amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets are derecognised when the contractual rights to the cash flows from the financial assets expire or are settled, or when substantially all the risks and rewards of the ownership of the asset are transferred.

Financial liabilities

The company's financial liabilities comprise basic financial liabilities, being other payables and intercompany working capital balance. These are measured at the transaction price.

Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting

Financial asset and financial liabilities are offset and the net amounts presented in the statement of Financial Position when the entity:

- (a)currently has a legally enforceable right to set off the recognised amounts; and

- (b)intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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.

Going concern

The Directors have reviewed the forecast and expects a significant increase in both revenues and profitability. Accordingly, the Director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus he continues to adopt the Going Concern basis of accounting in preparing the Financial Statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

79,525

184,283

Other debtors

7,991

18,695

87,516

202,978

5.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

£

Treasury Deposit

687,643

592,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

151,246

313,534

Amounts owed to group undertakings

314,403

-

Taxation and social security

59,181

153,421

Other creditors

199,734

380,596

724,564

847,551

Amounts owed to group undertaking are unsecured, interest free and repayable on demand.