7Active Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08289542 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2018

for

7Active Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J M Rew

S G Carter

REGISTERED OFFICE:

First Floor, St Johns House

16 Church Street

Bromsgrove

Worcestershire

B61 8DN

REGISTERED NUMBER:

08289542 (England and Wales)

ACCOUNTANTS:

Clay Knox Ltd

First Floor, St Johns House

16 Church Street

Bromsgrove

Worcestershire

B61 8DN

FIXED ASSETS

Tangible assets

4

1,664

-

CURRENT ASSETS

Debtors

1,906,031

568,077

Cash at bank

422,611

114,598

2,328,642

682,675

CREDITORS

Amounts falling due within one year

2,253,431

651,220

NET CURRENT ASSETS

75,211

31,455

TOTAL ASSETS LESS CURRENT LIABILITIES

76,875

31,455

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

76,874

31,454

76,875

31,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2018 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 Board of Directors on 30 August 2019 and were signed on its behalf by:

J M Rew - Director

1.	STATUTORY INFORMATION

7Active 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.

Plant and machinery etc

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

1,815

At 30 November 2018

1,815

DEPRECIATION

Charge for year

151

At 30 November 2018

151

NET BOOK VALUE

At 30 November 2018

1,664

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2018 and

30 November 2017:

2018

2017

£

£

J M Rew

Balance outstanding at start of year

-

-

Amounts advanced

50,822

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

50,822

-

S G Carter

Balance outstanding at start of year

-

-

Amounts advanced

21,409

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,409

-

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J M Rew.