Act On It - Accounts to registrar (filleted) - small 18.2

Act On It - Accounts to registrar (filleted) - small 18.2

ACT ON IT - Company Information

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IRIS Accounts Production v21.3.0.583 06842233 Board of Directors Board of Directors Board of Directors Board of Directors 1.4.20 31.3.21 31.3.21 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure068422332020-03-31068422332021-03-31068422332020-04-012021-03-31068422332019-03-31068422332019-04-012020-03-31068422332020-03-3106842233ns16:EnglandWales2020-04-012021-03-3106842233ns15:PoundSterling2020-04-012021-03-3106842233ns11:Director12020-04-012021-03-3106842233ns11:Director22020-04-012021-03-3106842233ns11:Director32020-04-012021-03-3106842233ns11:Director42020-04-012021-03-3106842233ns11:UnlimitedCompany2020-04-012021-03-3106842233ns11:SmallEntities2020-04-012021-03-3106842233ns11:AuditExempt-NoAccountantsReport2020-04-012021-03-3106842233ns11:SmallCompaniesRegimeForDirectorsReport2020-04-012021-03-3106842233ns11:SmallCompaniesRegimeForAccounts2020-04-012021-03-3106842233ns11:FullAccounts2020-04-012021-03-3106842233ns11:RegisteredOffice2020-04-012021-03-3106842233ns6:CurrentFinancialInstruments2021-03-3106842233ns6:CurrentFinancialInstruments2020-03-3106842233ns6:RetainedEarningsAccumulatedLosses2021-03-3106842233ns6:RetainedEarningsAccumulatedLosses2020-03-3106842233ns6:ComputerEquipment2020-04-012021-03-3106842233ns6:ComputerEquipment2020-03-3106842233ns6:ComputerEquipment2021-03-3106842233ns6:ComputerEquipment2020-03-3106842233ns6:CurrentFinancialInstruments2020-04-012021-03-31
REGISTERED NUMBER: 06842233 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

ACT ON IT
ACT ON IT (REGISTERED NUMBER: 06842233)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ACT ON IT

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021







DIRECTORS: K Jackson
P Blundell
Ms R Steele
Ms H Turner





REGISTERED OFFICE: Unit 3
May's Farm Estate
Selmeston
East Sussex
BN26 6TS





REGISTERED NUMBER: 06842233 (England and Wales)





ACCOUNTANTS: X5 Chartered Accountants
2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH
Page 1
ACT ON IT (REGISTERED NUMBER: 06842233)

BALANCE SHEET
31 MARCH 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 271 404

CURRENT ASSETS
Cash at bank 20,970 28,259

CREDITORS
Amounts falling due within one year 5 18,509 25,798
NET CURRENT ASSETS 2,461 2,461
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,732
2,865

RESERVES
Retained earnings 2,732 2,865
2,732 2,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2021 and were signed on its behalf by:




P Blundell - Director K Jackson - Director



Ms R Steele - Director Ms H Turner - Director


The notes form part of these financial statements

Page 2
ACT ON IT (REGISTERED NUMBER: 06842233)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

1. STATUTORY INFORMATION

Act On It is a private company , 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

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 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 NIL (2020 - NIL).

Page 3 continued...
ACT ON IT (REGISTERED NUMBER: 06842233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2020
and 31 March 2021 824
DEPRECIATION
At 1 April 2020 420
Charge for year 133
At 31 March 2021 553
NET BOOK VALUE
At 31 March 2021 271
At 31 March 2020 404

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other creditors 18,509 25,798

Creditors and deferred income.

Deferred income includes the following amounts that relate to projects that were treated separately as Restricted Funds:

£12,619 - Arts Council England Get Out Project Grant
£4,557 Other Grant income

6. RELATED PARTY DISCLOSURES

Key management personnel

Rachel Steele and Helen Turner - Directors

Summary of transactions with Key management

Payment in respect of fees for projects.
Rachel Steele received payments totalling £24,150 and Helen Turner recieved payments totalling £24,170 during the year in respect of fees for projects.

7. RESTRICTED FUNDS

The following grant income was treated as restricted funds and accounted for separately
UK Aid Small Charities Challenge Fund
Arts Council England Get Out Project grants
The National Lottery Community Fund grants

Page 4