Activity Breaks Ltd - Period Ending 2015-12-31
Activity Breaks Ltd - Period Ending 2015-12-31
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Activity Breaks Ltd
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Activity Breaks Ltd
for the Year Ended 31 December 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Activity Breaks Ltd for the year ended 31 December 2015 set out on pages from the company's accounting records and from information and explanations you have given us.
We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compliation of financial statements.
This report is made solely to the Board of Directors of Activity Breaks Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Activity Breaks Ltd and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Activity Breaks Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Activity Breaks Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Activity Breaks Ltd. You consider that Activity Breaks Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Activity Breaks Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Hamilton Morris Waugh Limited
Chartered Accountants
Hamilton Morris Waugh
34 Dufferin Avenue
Bangor
County Down
BT20 3AA
23 September 2016
Activity Breaks Ltd
(Registration number: NI036826)
Abbreviated Balance Sheet at 31 December 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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- |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
( |
( |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Share premium account |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the director on
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Ms Samanta Antonioli
Director
2
Activity Breaks Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued
Accounting policies |
Basis of preparation
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.
Going concern
The financial statements have been prepared on a going concern basis, notwithstanding the fact that the company, at the balance sheet date, had a deficit of £133,105. The directors are actively marketing the business, developing new partnerships, reducing costs and improving the website, and anticipate improved volumes of business and increased profitability in the near future. The parent company AFH srl, a company based in Italy, has indicated that it will continue to support the company for the foreseeable future. Accordingly the financial statements have been prepared on a going concern basis.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office Equipment |
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Foreign currency
Activity Breaks Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 January 2015 |
571,663 |
571,663 |
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Additions |
6,877 |
6,877 |
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At 31 December 2015 |
578,540 |
578,540 |
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Depreciation |
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At 1 January 2015 |
571,663 |
571,663 |
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Charge for the year |
1,719 |
1,719 |
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At 31 December 2015 |
573,382 |
573,382 |
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Net book value |
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At 31 December 2015 |
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At 31 December 2014 |
- |
- |
Creditors |
Included in the creditors are the following amounts due after more than five years:
2015
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2014
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After more than five years by instalments |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Control |
The company is controlled by