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Registered number: 03853068
Acctim Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03853068
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 125,000
Tangible Assets 5 1,806,107 1,745,022
Investments 6 809,642 856,215
2,615,749 2,726,237
CURRENT ASSETS
Debtors 7 112,310 63,089
Cash at bank and in hand 1,648,291 1,353,347
1,760,601 1,416,436
Creditors: Amounts Falling Due Within One Year 8 (1,883,131 ) (1,726,254 )
NET CURRENT ASSETS (LIABILITIES) (122,530 ) (309,818 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,493,219 2,416,419
NET ASSETS 2,493,219 2,416,419
CAPITAL AND RESERVES
Called up share capital 9 6,792 6,792
Profit and Loss Account 2,486,427 2,409,627
SHAREHOLDERS' FUNDS 2,493,219 2,416,419
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Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
On behalf of the board
K J Leonard
Director
29 September 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Acctim Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03853068 . The registered office is Leonard House, 5-7 Newman Road, Bromley, Kent, BR1 1RJ.
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. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. 
2.3. 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 the profit and loss account over its estimated economic life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. No depreciation is provided in the year of acquisition. 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:
Freehold 2% on cost
Motor Vehicles between 20% on cost and 50% on cost
Furniture, fixtures and equipment between 20% on cost and 100% on cost
2.5. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6. 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.
2.7. Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2.8. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 125,000
As at 31 December 2024 125,000
Amortisation
As at 1 January 2024 -
Provided during the period 125,000
As at 31 December 2024 125,000
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 125,000
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Furniture, fixtures and equipment Total
£ £ £ £
Cost
As at 1 January 2024 1,867,272 171,840 589,731 2,628,843
Additions 59,911 80,404 31,825 172,140
Disposals - (18,645 ) (8,755 ) (27,400 )
As at 31 December 2024 1,927,183 233,599 612,801 2,773,583
Depreciation
As at 1 January 2024 341,001 73,305 469,515 883,821
...CONTINUED
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Provided during the period 15,500 44,039 51,516 111,055
Disposals - (18,645 ) (8,755 ) (27,400 )
As at 31 December 2024 356,501 98,699 512,276 967,476
Net Book Value
As at 31 December 2024 1,570,682 134,900 100,525 1,806,107
As at 1 January 2024 1,526,271 98,535 120,216 1,745,022
Included in cost of land and buildings is freehold land of £1,092,272 (2023: £1,092,272) which is not depreciated.
6. Investments
Subsidiaries Listed Total
£ £ £
Cost or Valuation
As at 1 January 2024 22,100 834,115 856,215
Additions - 175,602 175,602
Disposals - (222,175 ) (222,175 )
As at 31 December 2024 22,100 787,542 809,642
Provision
As at 1 January 2024 - - -
As at 31 December 2024 - - -
Net Book Value
As at 31 December 2024 22,100 787,542 809,642
As at 1 January 2024 22,100 834,115 856,215
The market value of listed investments at 31 December 2024 held by the company was £1,011,572 (2023: £957,249).
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 112,310 63,089
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 93,173 11,088
Corporation tax 61,507 596
Other taxes and social security 30,661 29,666
Other creditors 183,836 105,000
Accruals and deferred income 151,476 166,380
Amounts owed to group undertakings 1,362,478 1,413,524
1,883,131 1,726,254
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6,792 6,792
10. Ultimate Controlling Party
The company's ultimate controlling party is the Leonard family.
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