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Unaudited Financial Statements |
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for the Year Ended 31 October 2016 |
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for |
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Amazing Interactives Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 October 2016 |
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for |
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Amazing Interactives Limited |
Amazing Interactives Limited (Registered number: 05264829) |
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Contents of the Financial Statements |
for the Year Ended 31 October 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Report of the Accountants | 8 |
Amazing Interactives Limited |
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Company Information |
for the Year Ended 31 October 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Cleveland House |
10 Yarm Road |
Stockton on Tees |
Cleveland |
TS18 3NA |
Amazing Interactives Limited (Registered number: 05264829) |
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Balance Sheet |
31 October 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Stocks | 6 |
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Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
9 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Amazing Interactives Limited (Registered number: 05264829) |
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Balance Sheet - continued |
31 October 2016 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Amazing Interactives Limited (Registered number: 05264829) |
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Notes to the Financial Statements |
for the Year Ended 31 October 2016 |
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1. | STATUTORY INFORMATION |
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Amazing Interactives Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
There have been no significant judgements and estimates within the financial statements. All provisions made |
including stock and depreciation of assets have been reviewed for accuracy and are in line with accounting |
policies noted within the financial statements. |
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Changes in accounting policies |
The principal accounting policies adopted in the preparation of the financial statements have remained |
unchanged from the previous year and have been consistently applied with in the same accounts. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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Impairment reviews have been conducted to ensure no provisions are required. |
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Stocks and work in progress |
Stock has been valued at the lower of cost and estimated selling price less cost to sell. |
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In respect of work in progress, costs includes a relevant proportion of overheads according to the stage of |
completion. |
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Amazing Interactives Limited (Registered number: 05264829) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2016 |
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3. | ACCOUNTING POLICIES - continued |
Taxation & deferred tax |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted |
or substantively enacted by the balance sheet date. |
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Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws |
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal |
of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 November 2015 |
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Additions |
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At 31 October 2016 |
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DEPRECIATION |
At 1 November 2015 |
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Charge for year |
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At 31 October 2016 |
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NET BOOK VALUE |
At 31 October 2016 |
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At 31 October 2015 |
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Amazing Interactives Limited (Registered number: 05264829) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2016 |
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6. | STOCKS |
2016 | 2015 |
£ | £ |
Stocks |
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Work-in-progress |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
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Amounts owed by participating interests | 383 | 383 |
VAT |
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Prepayments |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Tax |
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Social security and other taxes |
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VAT | 4,250 | - |
Other creditors |
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Accrued expenses |
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9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2016 | 2015 |
£ | £ |
Hire purchase contracts |
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10. | OTHER FINANCIAL COMMITMENTS |
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The company has future operating lease commitments totalling £7,818 (2015: £19,341). |
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11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 31 October 2016 and |
31 October 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Amazing Interactives Limited (Registered number: 05264829) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2016 |
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11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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12. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £114,400 were paid to the directors . |
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The company is owed £383 (2015 £383) from Medical Interactives Ltd, a company controlled by the director, Mr |
Nigel Rodwell. This relates to costs met on behalf of that company. |
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13. | POST BALANCE SHEET EVENTS |
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Post balance sheet events have been considered and there are no adjusting and non-adjusting balance sheet |
events to be disclosed. |
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14. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by directors and shareholders Mr N Rodwell and Mr P Jethwa. |
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15. | FIRST YEAR ADOPTION |
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In the transition to FRS 102 1A UK GAAP, the Company has made no measurement and recognition adjustments. |
The adoption of FRS 102 1A has not affected the financial position and/or financial performance of the Company. |
In preparing its FRS 102 1A balance sheet, the Company has not adjusted amounts previously reported in the |
financial statements in accordance with its old basis of accounting UK GAAP. |
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Amazing Interactives Limited |
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Report of the Accountants to the Directors of |
Amazing Interactives Limited |
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The following reproduces the text of the report prepared for the directors and members in respect of the |
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the |
company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and |
certain other primary statements and the Report of the Directors are not required to be filed with the |
Registrar of Companies. |
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As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2016 set out on pages nil to nil and you consider that the company is exempt from an audit. |
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In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
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Cleveland House |
10 Yarm Road |
Stockton on Tees |
Cleveland |
TS18 3NA |
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