Company No: 03295909 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	56,180		64,516
		56,180		64,516
Current assets
Stocks	5	676,643		681,474
Debtors	6	342,386		364,263
Cash at bank and in hand		16,347		12,895
		1,035,376		1,058,632
Creditors: amounts falling due within one year	7	( 552,647)		( 465,806)
Net current assets		482,729		592,826
Total assets less current liabilities		538,909		657,342
Creditors: amounts falling due after more than one year	8	( 120,412)		( 174,172)
Net assets		418,497		483,170
Capital and reserves
Called-up share capital	9	16,500		16,500
Profit and loss account		401,997		466,670
Total shareholders' funds		418,497		483,170

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Active Research Limited (registered number: 03295909) were approved and authorised for issue by the Board of Directors on 23 September 2026. They were signed on its behalf by:

P D Whitehurst Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Active Research Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 21 Harwell Road, Poole, BH17 0GE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings	15 % reducing balance
Plant and machinery	20 % reducing balance
Fixtures and fittings	20 % reducing balance
Office equipment	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	27		34

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2025	18,650		18,650
At 31 December 2025	18,650		18,650
Accumulated amortisation
At 01 January 2025	18,650		18,650
At 31 December 2025	18,650		18,650
Net book value
At 31 December 2025	0		0
At 31 December 2024	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 January 2025	13,821		244,133		18,256		10,575		286,785
Additions	4,488		0		0		0		4,488
At 31 December 2025	18,309		244,133		18,256		10,575		291,273
Accumulated depreciation
At 01 January 2025	6,606		193,967		12,519		9,177		222,269
Charge for the financial year	1,363		10,033		1,148		280		12,824
At 31 December 2025	7,969		204,000		13,667		9,457		235,093
Net book value
At 31 December 2025	10,340		40,133		4,589		1,118		56,180
At 31 December 2024	7,215		50,166		5,737		1,398		64,516

5. Stocks

	2025		2024
	£		£
Stocks	676,643		681,474

6. Debtors

	2025		2024
	£		£
Trade debtors	261,724		180,096
Corporation tax	0		104,974
Other debtors	80,662		79,193
	342,386		364,263

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	46,829		76,177
Trade creditors	237,150		192,583
Other taxation and social security	68,560		57,693
Other creditors	200,108		139,353
	552,647		465,806

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

	2025		2024
	£		£
Bank loans	0		13,290
Other creditors	120,412		160,882
	120,412		174,172

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
16,500 Ordinary shares of £ 1.00 each	16,500		16,500