Acti Consulting Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09470037 (England and Wales)

Financial Statements

for the Year Ended 31 March 2022

for

Acti Consulting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

F Bouaziz

REGISTERED OFFICE:

Vicarage

133 Ditchling Road

Brighton

Sussex

BN1 4SE

REGISTERED NUMBER:

09470037 (England and Wales)

ACCOUNTANTS:

SB&P

Chartered Accountants

Oriel House

2-8 Oriel Road

Bootle

Liverpool

Merseyside

L20 7EP

FIXED ASSETS

Intangible assets

4

805,000

805,000

CURRENT ASSETS

Debtors

5

399,258

449,456

Cash at bank

23,092

113,391

422,350

562,847

CREDITORS

Amounts falling due within one year

6

95,940

232,696

NET CURRENT ASSETS

326,410

330,151

TOTAL ASSETS LESS CURRENT LIABILITIES

1,131,410

1,135,151

CAPITAL AND RESERVES

Called up share capital

7

3

3

Revaluation reserve

8

680,225

680,225

Retained earnings

451,182

454,923

SHAREHOLDERS' FUNDS

1,131,410

1,135,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2022 and were signed by:

F Bouaziz - Director

1.	STATUTORY INFORMATION

Acti Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. It is measured at the fair value of the consideration due.

Intangible asset

The intangible asset reflects the costs of developing actuarial modelling tools. The asset is now fully developed and available for use. The company expects to generate future economic benefit from the asset and can demonstrate the existence of a market for the output.

Initially recognised at cost, the asset has since been measured under the revaluation model at a value the directors consider to be reflective of its fair value.

Revaluations shall be made on a regular basis, at least annually, to ensure the carrying amount does not differ materially from that which would be determined using fair value at the end of any reporting period.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2021 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST OR VALUATION

At 1 April 2021

and 31 March 2022

838,500

AMORTISATION

At 1 April 2021

and 31 March 2022

33,500

NET BOOK VALUE

At 31 March 2022

805,000

At 31 March 2021

805,000

Cost or valuation at 31 March 2022 is represented by:

Other

intangible

assets

£

Valuation in 2017

738,500

Valuation in 2021

100,000

838,500

Development costs were valued by the directors on 31 March 2021.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

22,750

85,686

Other debtors

376,508

363,770

399,258

449,456

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

2,000

3,600

Taxation and social security

1,381

25,633

Other creditors

92,559

203,463

95,940

232,696

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

3

Ordinary

£1

3

-

8.

RESERVES

Revaluation

reserve

£

At 1 April 2021

and 31 March 2022

680,225

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22

31.3.21

£

£

A C Brunskill

Balance outstanding at start of year

115

115

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

115

115

F Bouaziz

Balance outstanding at start of year

1

1

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1

1

The directors loan accounts are provided interest free and are repayable on demand.