REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 OCTOBER 2022 |
FOR |
ACTIVE ACCOUNTANCY LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 OCTOBER 2022 |
FOR |
ACTIVE ACCOUNTANCY LIMITED |
ACTIVE ACCOUNTANCY LIMITED (REGISTERED NUMBER: 03045048) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 1 October 2022 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
ACTIVE ACCOUNTANCY LIMITED |
COMPANY INFORMATION |
for the Year Ended 1 October 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Sandall House |
230 High Street |
Herne Bay |
Kent |
CT6 5AX |
ACTIVE ACCOUNTANCY LIMITED (REGISTERED NUMBER: 03045048) |
STATEMENT OF FINANCIAL POSITION |
1 October 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 9 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
ACTIVE ACCOUNTANCY LIMITED (REGISTERED NUMBER: 03045048) |
STATEMENT OF FINANCIAL POSITION - continued |
1 October 2022 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
ACTIVE ACCOUNTANCY LIMITED (REGISTERED NUMBER: 03045048) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 1 October 2022 |
1. | STATUTORY INFORMATION |
Active Accountancy Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
Financial instruments |
Fixed Asset Investments are initially measured at fair value plus any directly attributable transaction costs. Subsequent to initial recognition, they are measured at fair value and changes therein, other than impairment losses and foreign currency differences on debt instruments are recognised in OCI and accumulated in the fair value reserve. When these assets are derecognised, the gain or loss accumulated in equity is reclassified to profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
ACTIVE ACCOUNTANCY LIMITED (REGISTERED NUMBER: 03045048) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 1 October 2022 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 2 October 2021 |
and 1 October 2022 |
DEPRECIATION |
At 2 October 2021 |
Charge for year |
At 1 October 2022 |
NET BOOK VALUE |
At 1 October 2022 |
At 1 October 2021 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 2 October 2021 |
Additions |
Revaluations |
At 1 October 2022 |
NET BOOK VALUE |
At 1 October 2022 |
At 1 October 2021 |
ACTIVE ACCOUNTANCY LIMITED (REGISTERED NUMBER: 03045048) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 1 October 2022 |
5. | FIXED ASSET INVESTMENTS - continued |
Cost or valuation at 1 October 2022 is represented by: |
Other |
investments |
£ |
Valuation in 2018 | (11,509 | ) |
Valuation in 2019 | 27,450 |
Valuation in 2020 | 56,465 |
Valuation in 2021 | (73,993 | ) |
Valuation in 2022 | 4,766 |
Cost | 169,020 |
172,199 |
If fixed asset investments had not been revalued they would have been included at the following historical cost: |
2022 | 2021 |
£ | £ |
Cost | 169,020 | 162,163 |
Fixed asset investments were valued on an open market basis on 1 October 2022 by the investment managers. . |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 2 October 2021 |
Disposals | ( |
) |
At 1 October 2022 |
DEPRECIATION |
At 2 October 2021 | 165,305 |
Eliminated on disposal | (71,860 | ) |
At 1 October 2022 | 93,445 |
NET BOOK VALUE |
At 1 October 2022 |
At 1 October 2021 |
ACTIVE ACCOUNTANCY LIMITED (REGISTERED NUMBER: 03045048) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 1 October 2022 |
6. | INVESTMENT PROPERTY - continued |
Fair value at 1 October 2022 is represented by: |
£ |
Valuation in 2013 | 127,502 |
Valuation in 2014 | 40,938 |
Valuation in 2015 | (33,279 | ) |
Valuation in 2016 | 86,096 |
Valuation in 2017 | 91,925 |
Valuation in 2018 | (67,663 | ) |
Valuation in 2019 | 84,567 |
Valuation in 2020 | (83,606 | ) |
Valuation in 2021 | (108,926 | ) |
Valuation in 2022 | (76,915 | ) |
Cost | 133,648 |
194,287 |
If investment properties had not been revalued it would have been included at the following historical cost: |
2022 | 2021 |
£ | £ |
Cost | 133,648 | 219,666 |
Aggregate depreciation | (93,445 | ) | (165,305 | ) |
The investment property was valued on an open market basis on 1 October 2022 by the Director . |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Corporation tax |
Social security and other taxes | ( |
) |
Director's current account |
Accrued expenses |
ACTIVE ACCOUNTANCY LIMITED (REGISTERED NUMBER: 03045048) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 1 October 2022 |
9. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
At 2 October 2021 | 999,941 |
Profit for the year |
Dividends | ( |
) | ( |
) |
At 1 October 2022 | 1,111,765 |