AKTUAL_LIMITED - Accounts

AKTUAL LIMITED - Company Information

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Company Registration No. SC212974 (Scotland)

AKTUAL LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

AKTUAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

AKTUAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

491

Investments

63,086

63,577

63,087

Current assets

Debtors

1,500

600

Cash at bank and in hand

14,401

9,163

15,901

9,763

Creditors: amounts falling due within one year

(5,053)

(4,777)

Net current assets

10,848

4,986

Total assets less current liabilities

74,425

68,073

Capital and reserves

Called up share capital

Profit and loss account

74,423

68,071

Shareholders' funds

74,425

68,073

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 September 2014

C J Long

Director

Company Registration No. SC212974

AKTUAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

33% straight line

Computer equipment

33% straight line

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Deferred taxation

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements. Deferred tax assets are recognised to the extent that it is regarded as more likely than not they will be recovered. Deferred tax assets and liabilities are not discounted.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

AKTUAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 January 2013

2,310

63,086

65,396

Additions

504

At 31 December 2013

2,814

63,086

65,900

Depreciation

At 1 January 2013

2,309

Charge for the year

At 31 December 2013

2,323

Net book value

At 31 December 2013

491

63,086

63,577

At 31 December 2012

63,086

63,087

Share capital

2013

2012

Allotted, called up and fully paid

2 Ordinary of £1 each