Actin Time Ltd - Accounts to registrar (filleted) - small 23.2.5

Actin Time Ltd - Accounts to registrar (filleted) - small 23.2.5

ACTIN TIME LTD - Company Information

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REGISTERED NUMBER: 06879801 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Actin Time Ltd
Actin Time Ltd (Registered number: 06879801)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Actin Time Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTOR: A S Lavens





REGISTERED OFFICE: Unit 3a Great Northern Road
Hartham Lane
Hertfordshire
SG14 1QW





REGISTERED NUMBER: 06879801 (England and Wales)





Page 1
Actin Time Ltd (Registered number: 06879801)

Abridged Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,080 -
Investments 5 8,330 -
74,410 -

CURRENT ASSETS
Stocks 51,993 -
Debtors 6 194,737 354,400
Cash at bank and in hand 974,386 87,020
1,221,116 441,420
CREDITORS
Amounts falling due within one year 948,457 91,624
NET CURRENT ASSETS 272,659 349,796
TOTAL ASSETS LESS CURRENT
LIABILITIES
347,069
349,796

CREDITORS
Amounts falling due after more than one
year
60,888
32,998
NET ASSETS 286,181 316,798

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 286,180 316,797
286,181 316,798

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

Page 2 continued...
Actin Time Ltd (Registered number: 06879801)

Abridged Balance Sheet - continued
31 December 2022


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 12 December 2023 and were signed by:





A S Lavens - Director


The notes form part of these financial statements

Page 3
Actin Time Ltd (Registered number: 06879801)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Actin Time Ltd 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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2021 - NIL ) .

Page 4 continued...
Actin Time Ltd (Registered number: 06879801)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 154,392
At 31 December 2022 154,392
DEPRECIATION
Charge for year 24,367
Transfer to ownership 63,945
At 31 December 2022 88,312
NET BOOK VALUE
At 31 December 2022 66,080

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 8,330
At 31 December 2022 8,330
NET BOOK VALUE
At 31 December 2022 8,330

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Other debtors 15,120 -

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.22 31.12.21
£    £   
Between one and five years 54,600 -

8. RELATED PARTY DISCLOSURES

During the year the company acquired the trade and net assets from Wisegrove Limited, a connected company, for a net consideration of £582,100 comprising:

£
Fixed assets 93,228
Net current assets 534,705
Other creditors 45,833


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