Registration number:
for the Year Ended
Start Up Active Limited
Contents
Abbreviated Balance Sheet |
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Notes to the Abbreviated Accounts |
Start Up Active Limited
(Registration number: 09340818)
Abbreviated Balance Sheet as at 30 June 2016
Note |
2016 |
2015 |
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Fixed assets |
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Intangible assets |
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- |
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Tangible assets |
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- |
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- |
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Current assets |
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Stocks |
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- |
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Debtors |
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Cash at bank and in hand |
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- |
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Creditors: Amounts falling due within one year |
( |
- |
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Net current (liabilities)/assets |
( |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
- |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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- |
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Shareholders' funds |
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (Effective 2015).
For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
Start Up Active Limited
(Registration number: 09340818)
Abbreviated Balance Sheet as at 30 June 2016
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
.........................................
TJ Elliot
Director
Start Up Active Limited
Notes to the Abbreviated Accounts
Accounting policies |
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015).
Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life, which has been assessed as 5 years. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
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 |
Fixtures and fittings |
25% reducing balance |
Office equipment |
33% reducing balance |
Stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
Deferred tax
Deferred tax is recognised of all timing differences that have originated but not reversed at the balance sheet date.
Fixed assets |
Intangible assets |
Tangible assets |
Total |
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Cost |
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Additions |
7,000 |
5,983 |
12,983 |
At 30 June 2016 |
7,000 |
5,983 |
12,983 |
Depreciation |
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Charge for the year |
1,400 |
1,574 |
2,974 |
At 30 June 2016 |
1,400 |
1,574 |
2,974 |
Net book value |
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At 30 June 2016 |
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Start Up Active Limited
Notes to the Abbreviated Accounts
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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|
100 |
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100 |
Related party transactions |
Other transactions with directors
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Control
The directors are the controlling party by virtue of their controlling shareholding in the company. The ultimate controlling party is the same as the controlling party.