Company registration number 08091348 (England and Wales)
ACTSO LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ACTSO LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
ACTSO LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
31 March 2025
31 December 2023
as restated
Notes
£
£
£
£
Current assets
Debtors
4
12,688
118,670
Cash at bank and in hand
322,584
225,427
335,272
344,097
Creditors: amounts falling due within one year
5
(110,574)
(100,394)
Net current assets
224,698
243,703
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
224,697
243,702
Total equity
224,698
243,703

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 October 2025 and are signed on its behalf by:
Ms AL Poole
Director
Company registration number 08091348 (England and Wales)
ACTSO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

ACTSO Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Sylvan Court, Sylvan Way, Southfields Business Park, Basildon, Essex, SS15 6TH.

1.1
Reporting period

The company has changed its accounting reference date from 31 December to 31 March. These financial statements cover the extended 15 month period ended 31 March 2025. Consequently, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

The reason for the change of accounting reference date was to more closely align with the trading cycle of the company and its fellow group entities.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

ACTSO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

ACTSO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2025
2023
Number
Number
Total
15
16
4
Debtors
2025
2023
Amounts falling due within one year:
£
£
Trade debtors
12,688
36,970
Prepayments and accrued income
-
0
81,700
12,688
118,670
5
Creditors: amounts falling due within one year
2025
2023
£
£
Trade creditors
7,798
17,700
Amounts owed to group undertakings
1,377
8,083
Taxation and social security
33,526
16,372
Other creditors
50,316
-
0
Accruals and deferred income
17,557
58,239
110,574
100,394
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

ACTSO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
6
Audit report information
(Continued)
- 5 -
Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its loss for the Period then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Mark Palmer BSc BFP FCA
Statutory Auditor:
Cottons Accountants LLP
Date of audit report:
18 November 2025
7
Financial commitments, guarantees and contingent liabilities

The company is part of a group Value Added Tax (VAT) registration scheme. As such the company is liable for the group VAT liability. At the period end there was a VAT liability due of £79,682 (31/12/2023: £21,365) under this scheme.

8
Related party transactions

The company has taken advantage of the exemption from disclosing transactions with wholly group owned subsidiaries.

9
Parent company

A the year end the parent company of ACTSO Limited was The Trading Standards Institute. At the date of approval of the financial statements the parent company of ACTSO Limited is The Chartered Trading Standards Institute, a Royal Charter company registered under RC000879. The Registered Office of The Chartered Trading Standards Institute is 1 Sylvan Court, Sylvan Way, Southfields Business Park, Basildon, Essex, SS15 6TH.

10
Prior period adjustment

During the year, the company identified a material error in the treatment of revenue and expenses recognised in the year ended 31st December 2023. The error related to income being incorrectly deferred when instead the expenses should have been accrued. As a result, the 2023 comparative figures have been restated.

Reconciliation of changes in equity
The prior period adjustments do not give rise to any effect upon equity.
ACTSO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 6 -
11
Auditor's liability limitation agreement

Upon appointment of Cottons Accountants LLP as auditors, the Company entered into a limitation liability agreement with the auditors and t i is was approved by resolution on 23rd September 2025. Liability is limited to the lesser of 20 times the audit fee or £65,000 In accordance with section 537 of CA06, the effect of the limitation liability agreement is to limit the auditor's liability to less than such amount as it fair and reasonable, as determined by that section, the agreement shall have effect as if it limited the liability to such amount as if fair and reasonable, as so determined.

The agreement limited the liability owed to the Company by the auditors in respect of any negligence, default or breach of duty, or breach of trust, occurring in the course of the audit of the accounts for the period ending 31st March 202 5.

The agreement does not limit liability for any instance of fraud or dishonesty on behalf of the auditor or ay other liability that cannot be excluded or restricted by applicable laws or regulations.

2025-03-31 2024-01-01 false false false 18 November 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr J Herriman Ms A L Poole Ms V Simpson Ms J E Tomlinson Mr R I Webb Mr R N Strawson 08091348 2024-01-01 2025-03-31 08091348 2025-03-31 08091348 2023-12-31 08091348 core:ShareCapital 2025-03-31 08091348 core:ShareCapital 2023-12-31 08091348 core:RetainedEarningsAccumulatedLosses 2025-03-31 08091348 core:RetainedEarningsAccumulatedLosses 2023-12-31 08091348 bus:Director2 2024-01-01 2025-03-31 08091348 2023-01-01 2023-12-31 08091348 core:CurrentFinancialInstruments 2025-03-31 08091348 core:CurrentFinancialInstruments 2023-12-31 08091348 bus:PrivateLimitedCompanyLtd 2024-01-01 2025-03-31 08091348 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2025-03-31 08091348 bus:FRS102 2024-01-01 2025-03-31 08091348 bus:Audited 2024-01-01 2025-03-31 08091348 bus:Director1 2024-01-01 2025-03-31 08091348 bus:Director3 2024-01-01 2025-03-31 08091348 bus:Director4 2024-01-01 2025-03-31 08091348 bus:Director5 2024-01-01 2025-03-31 08091348 bus:Director6 2024-01-01 2025-03-31 08091348 bus:FullAccounts 2024-01-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP