Activest Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—4

Registered number: 13800421

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,629		3,214

			2,629		3,214
CURRENT ASSETS
Debtors	5	13,379		2,416
Cash at bank and in hand		3,657		3,991

		17,036		6,407
Creditors: Amounts Falling Due Within One Year	6	(29,187 )		(54,569 )

NET CURRENT ASSETS (LIABILITIES)			(12,151 )		(48,162 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(9,522 )		(44,948 )

NET LIABILITIES			(9,522 )		(44,948 )

CAPITAL AND RESERVES
Called up share capital	7		2		2
Share premium account			307,476		205,000
Income Statement			(317,000 )		(249,950 )

SHAREHOLDERS' FUNDS			(9,522)		(44,948)

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Activest Ltd

Statement of Financial Position (continued)

As At 31 December 2024

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.

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 Income Statement.

On behalf of the board

Mr Rohan Regmi

Director

3 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Activest Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13800421 . The registered office is Crown House, 27 Old Gloucester Street, London, WC1N 3AX.

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.

2.2. Going Concern Disclosure

During the year, the company incurred a loss of £67,051 with accumulated losses of £317,001.

The working capital of the company was funded by way of monies introduced in the company in February & August 2024 via external investors.

The board of directors are confident that the company's strategic plans for 2025 and beyond coupled with potential further funding rounds will assist the company by increasing recurring revenue and managing its cost base in order to move the financial results towards a return to profitability.

Based on these assumptions, the financial statements are 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. 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:

Computer Equipment

20% Straight Line

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

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Activest Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	4,836
Additions	441

As at 31 December 2024	5,277

Depreciation
As at 1 January 2024	1,622
Provided during the period	1,026

As at 31 December 2024	2,648

Net Book Value
As at 31 December 2024	2,629

As at 1 January 2024	3,214

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	12,999	-
Other debtors	380	2,416

	13,379	2,416

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	5,790	145
Other loans	-	45,000
Other creditors	16,696	9,424
Taxation and social security	6,701	-

	29,187	54,569

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

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