Actiom Ltd. - Filleted accounts

Actiom Ltd.
Registered number:		06564592
Statement of Financial Position
as at 31 March 2018

Notes			2018			2017
£				£
Fixed assets
Tangible assets	4		2,494			3,325

Current assets
Debtors	5	193			9,780
Cash at bank and in hand		1,632			3,737
		1,825			13,517

Creditors: amounts falling due within one year	6	(138,178)			(138,183)

Net current liabilities			(136,353)			(124,666)

Net liabilities			(133,859)			(121,341)

Capital and reserves
Called up share capital			1			1
Profit and loss account			(133,860)			(121,342)

Shareholder's funds			(133,859)			(121,341)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




O Brusle
Director
Approved by the board on 12 December 2018

Actiom Ltd.
Notes to the Accounts
for the year ended 31 March 2018


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Going concern
	The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade as the director of the company is funding the company in the form of a loan from another company also controller by the director. The director is planning to continue this financial support for the company for the foreseeable future.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the rendering of services and is recognised by reference to the stage of completion of contracts. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees		2018		2017
Number				Number

	Average number of persons employed by the company		1		1


3	Intangible fixed assets				£

	Cost
	At 1 April 2017				31,480
	At 31 March 2018				31,480

	Amortisation
	At 1 April 2017				31,480
	At 31 March 2018				31,480

	Net book value
	At 31 March 2018				-

	The intangible fixed assets were written off in equal annual instalments over their estimated economic life of 5 years.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2017				21,520
	At 31 March 2018				21,520

	Depreciation
	At 1 April 2017				18,195
	Charge for the year				831
	At 31 March 2018				19,026

	Net book value
	At 31 March 2018				2,494
	At 31 March 2017				3,325


5	Debtors		2018		2017
£				£

	Trade debtors		-		9,587
	Other debtors		193		193
			193		9,780


6	Creditors: amounts falling due within one year		2018		2017
£				£

	Accruals		300		1,090
	Other creditors		137,878		137,093
			138,178		138,183


7	Other information

	Actiom Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
	34 New House
	67 - 68 Hatton Garden
	London
	EC1N 8JY