Actinium Ltd Filleted accounts for Companies House (small and micro)

false false false false false false false false false false false false false false false false false No description of principal activity 2016-10-01 Sage Accounts Production Advanced 2018 - FRS xbrli:pure xbrli:shares iso4217:GBP 04075464 2016-10-01 2017-09-30 04075464 2017-09-30 04075464 2016-09-30 04075464 bus:Director1 2016-10-01 2017-09-30 04075464 core:WithinOneYear 2017-09-30 04075464 core:WithinOneYear 2016-09-30 04075464 core:ShareCapital 2017-09-30 04075464 core:ShareCapital 2016-09-30 04075464 core:RetainedEarningsAccumulatedLosses 2017-09-30 04075464 core:RetainedEarningsAccumulatedLosses 2016-09-30 04075464 bus:SmallEntities 2016-10-01 2017-09-30 04075464 bus:AuditExempt-NoAccountantsReport 2016-10-01 2017-09-30 04075464 bus:FullAccounts 2016-10-01 2017-09-30 04075464 bus:SmallCompaniesRegimeForAccounts 2016-10-01 2017-09-30 04075464 bus:EntityNoLongerTradingButTradedInPast 2016-10-01 2017-09-30 04075464 bus:PrivateLimitedCompanyLtd 2016-10-01 2017-09-30

COMPANY REGISTRATION NUMBER: 04075464

Actinium Ltd

Filleted Unaudited Financial Statements

30 September 2017

Actinium Ltd

Statement of Financial Position

30 September 2017

	2017		2016
Note	£	£	£

Current assets

Debtors	4	96,859	198,542
Cash at bank and in hand		475	5,951
		--------	---------
		97,334	204,493

Creditors: amounts falling due within one year	5	59,190		174,199
		--------		---------
Net current assets			38,144	30,294
			--------	--------
Total assets less current liabilities			38,144	30,294
			--------	--------
Net assets			38,144	30,294
			--------	--------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	37,144	29,294
	--------	--------
Shareholders funds	38,144	30,294
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 21 November 2017 , and are signed on behalf of the board by:

Mr WR Barnett

Director

Company registration number: 04075464

Actinium Ltd

Notes to the Financial Statements

Year ended 30 September 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Profex House, 25-27 School Lane, Bushey, Herts, WD23 1SS.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 October 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

4. Debtors

	2017	2016
	£	£
Trade debtors	–	66,000
Other debtors	96,859	132,542
	--------	---------
	96,859	198,542
	--------	---------

5. Creditors: amounts falling due within one year

	2017	2016
	£	£
Trade creditors	1,939	34,110
Social security and other taxes	55	138
Other creditors	57,196	139,951
	--------	---------
	59,190	174,199
	--------	---------

6. Related party transactions

The company was under the control of the directors. Included in debtors is £132,365 (2015:£174,287) due from and in creditors £23,873 (2015:£28,365) due to and sales £261,218 (2015:£37,495) to Special Homes Ltd, Olive Ltd, Wells Homes Ltd, Construction Industry Scheme Ltd, Equitable Ltd, Jayson Newman Accountants Ltd, Nestlead LLP and Keydriver Ltd, companies and limited liability partnerships in which PC Bishopp and WR Barnett have an interest. During the year £25,389 due from Cistech Ltd was written off as a bad debt. Included in creditors due to related companies is £15,200 (2015:£15,200) due to Stableboss Ltd, a company in which WR Barnett has an interest, and an amount due to WR Barnett, director, of £105(2015:£349dr). Included in creditors due to related companies is £18,300(2015:£23,330 due to Sturston Ltd and Stonefire Ltd, companies in which PC Bishopp has an interest, and an amount due to PC Bishopp, director, of £2,471(2015:£2,471).

7. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 October 2015.

No transitional adjustments were required in equity or profit or loss for the year.