Company Registration No. 08779920 (England and Wales)
Active Imagination Ltd
Unaudited accounts
for the year ended 31 March 2023
Active Imagination Ltd
Unaudited accounts
Contents
Active Imagination Ltd
Company Information
for the year ended 31 March 2023
Company Number
08779920 (England and Wales)
Registered Office
7 BELL YARD
LONDON
WC2A 2JR
ENGLAND
Accountants
Brambillow Accounting Ltd
Brookhouse
Cranoe Road
Welham
Leicestershire
LE16 7UH
Active Imagination Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
1,179
1,183
Cash at bank and in hand
283
3,477
Creditors: amounts falling due within one year
(3,131)
(2,908)
Net current (liabilities)/assets
(1,459)
1,491
Total assets less current liabilities
(280)
2,674
Creditors: amounts falling due after more than one year
(3,592)
(4,086)
Provisions for liabilities
Net liabilities
(4,591)
(1,636)
Called up share capital
100
100
Profit and loss account
(4,691)
(1,736)
Shareholders' funds
(4,591)
(1,636)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 December 2023 and were signed on its behalf by
Mrs Claire Perry
Director
Company Registration No. 08779920
Active Imagination Ltd
Notes to the Accounts
for the year ended 31 March 2023
Active Imagination Ltd is a private company, limited by shares, registered in England and Wales, registration number 08779920. The registered office is 7 BELL YARD, LONDON, WC2A 2JR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Fixtures & fittings
Active Imagination Ltd
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Accrued income and prepayments
1,389
538
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
497
500
Taxes and social security
-
1,352
Loans from directors
2,568
1,056
7
Creditors: amounts falling due after more than one year
2023
2022
8
Transactions with related parties
Included within creditors is an amount of £2,568 which is owed by the Company to the Director (2022: £1,056). Interest is not charged on this amount, and there is no fixed date for repayment.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
