Active Reality Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12373096

Active Reality Ltd

Filleted Unaudited Financial Statements

31 March 2025

Active Reality Ltd

Financial Statements

Period from 1 January 2024 to 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Active Reality Ltd

Statement of Financial Position

31 March 2025

	31 Mar 25	31 Dec 23
Note	£	£

Fixed assets

Tangible assets	5	220,911	180,833

Current assets

Debtors	6	525,178	402,909
Cash at bank and in hand		12,483	16,833
		---------	---------
		537,661	419,742

Creditors: amounts falling due within one year	7	506,144	29,613
		---------	---------
Net current assets		31,517	390,129
		---------	---------
Total assets less current liabilities		252,428	570,962

Creditors: amounts falling due after more than one year	8	29,440	34,043
		---------	---------
Net assets		222,988	536,919
		---------	---------

Capital and reserves

Called up share capital	2	2
Share premium account	748,899	748,899
Profit and loss account	( 525,913)	( 211,982)
	---------	---------
Shareholders funds	222,988	536,919
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Active Reality Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 31 December 2025 , and are signed on behalf of the board by:

A R Rollins
Director

Company registration number: 12373096

Active Reality Ltd

Notes to the Financial Statements

Period from 1 January 2024 to 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Laura Place, Bath, BA2 4BL, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% straight line
Fixtures and fittings	-	33% straight line
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 37 (2023: 11 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	188,754	65,721	42,802	297,277
Additions	–	175,245	1,495	176,740
Disposals	–	( 11,615)	–	( 11,615)
	---------	---------	--------	---------
At 31 March 2025	188,754	229,351	44,297	462,402
	---------	---------	--------	---------
Depreciation
At 1 January 2024	80,111	21,334	14,999	116,444
Charge for the period	60,581	49,387	15,079	125,047
	---------	---------	--------	---------
At 31 March 2025	140,692	70,721	30,078	241,491
	---------	---------	--------	---------
Carrying amount
At 31 March 2025	48,062	158,630	14,219	220,911
	---------	---------	--------	---------
At 31 December 2023	108,643	44,387	27,803	180,833
	---------	---------	--------	---------

6. Debtors

	31 Mar 25	31 Dec 23
	£	£
Trade debtors	428,843	–
Other debtors	96,335	402,909
	---------	---------
	525,178	402,909
	---------	---------

7. Creditors: amounts falling due within one year

	31 Mar 25	31 Dec 23
	£	£
Bank loans and overdrafts	12,647	6,155
Trade creditors	54,067	7,815
Social security and other taxes	97,814	11,413
Other creditors	2,611	2,611
Other creditors	339,005	1,619
	---------	--------
	506,144	29,613
	---------	--------

8. Creditors: amounts falling due after more than one year

	31 Mar 25	31 Dec 23
	£	£
Bank loans and overdrafts	29,440	34,043
	--------	--------

9. Director's advances, credits and guarantees

At the year end a director owed the company £3,931 (2023: company owed the director £269). During the year aggregate advances of £4,200 were made by the directors and aggregate repayments of £NIL were made by the directors. Interest of £NIL was charged on the outstanding balance.

10. Related party transactions

At the year end the company owes £64,564 to companies associated by common control (2023: At the year end the company was owed £13,400 by companies associated by common control).