Company Registration No. 03898153 (England and Wales)
ACTIVE DISTRIBUTION LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
ACTIVE DISTRIBUTION LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ACTIVE DISTRIBUTION LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2015
30 November 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
9,729
14,138
Current assets
Stocks
161,947
153,000
Debtors
8,165
1,023
Cash at bank and in hand
3,731
3,274
173,843
157,297
Creditors: amounts falling due within one year
3
(132,894)
(109,934)
Net current assets
40,949
47,363
Total assets less current liabilities
50,678
61,501
Creditors: amounts falling due after more than one year
4
(85,969)
(88,480)
(35,291)
(26,979)
Capital and reserves
Called up share capital
5
224,226
224,226
Profit and loss account
(259,517)
(251,205)
Shareholders' deficiency
(35,291)
(26,979)
For the financial year ended 30 November 2015 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 31 August 2016
A T Colley
Director
Company Registration No. 03898153
ACTIVE DISTRIBUTION LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 2 -
1
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).
The company has continued to operate since the year end through the continued support of the director. The director therefore considers it appropriate to prepare the financial statements on a going concern basis.
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 supplied before the balance sheet date 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:
Computer equipment
33.3% per annum straight line basis
Fixtures, fittings & equipment
20% per annum reducing balance basis
Motor vehicles
25% per annum reducing balance basis
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2014
18,131
Additions
1,810
At 30 November 2015
19,941
Depreciation
At 1 December 2014
3,993
Charge for the year
6,219
At 30 November 2015
10,212
Net book value
At 30 November 2015
9,729
At 30 November 2014
14,138
ACTIVE DISTRIBUTION LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 3 -
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £2,744 (2014 - £2,751).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £5,969 (2014 - £8,480).
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
224,226 Ordinary shares of £1 each
224,226
224,226