ACTIVE_IN_BUSINESS_LIMITE - Accounts

ACTIVE IN BUSINESS LIMITED - Company Information

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Company Registration No. 09041139 (England and Wales)

ACTIVE IN BUSINESS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

ACTIVE IN BUSINESS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

ACTIVE IN BUSINESS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

547

1,013

Current assets

Debtors

7,768

7,535

Cash at bank and in hand

48,981

15,648

56,749

23,183

Creditors: amounts falling due within one year

(37,358)

(23,810)

Net current assets/(liabilities)

19,391

(627)

Total assets less current liabilities

19,938

386

Provisions for liabilities

(110)

(203)

19,828

183

Capital and reserves

Called up share capital

100

Profit and loss account

19,728

Shareholders' funds

19,828

183

For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 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 24 September 2016

Mr R Ward

Director

Company Registration No. 09041139

ACTIVE IN BUSINESS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

- 2 -

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 January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

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:

Fixtures, fittings & equipment

33% Straight line

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 June 2015 & at 31 May 2016

1,399

Depreciation

At 1 June 2015

386

Charge for the year

466

At 31 May 2016

852

Net book value

At 31 May 2016

547

At 31 May 2015

1,013

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100