Registration number:
Start Up Active Limited
for the Period from 1 July 2017 to 31 March 2018
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
Start Up Active Limited
Contents
Balance Sheet |
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Notes to the Financial Statements |
Start Up Active Limited
(Registration number: 09340818)
Balance Sheet as at 31 March 2018
Note |
2018 |
2017 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Work in progress |
- |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current 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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Total equity |
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Page 1 |
Start Up Active Limited
(Registration number: 09340818)
Balance Sheet as at 31 March 2018
For the financial period ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors Report has been taken.
Approved and authorised by the
Mr A Bradbury
Director
Page 2 |
Start Up Active Limited
Notes to the Financial Statements for the Period from 1 July 2017 to 31 March 2018
General information |
The company is a private company limited by share capital incorporated in England and Wales .
The address of its registered office is:
UK
The principal place of business is:
23 Stamford Park Road
Altrincham
Cheshire
WA15 9EL
UK
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Page 3 |
Start Up Active Limited
Notes to the Financial Statements for the Period from 1 July 2017 to 31 March 2018
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Furniture and fittings |
25% reducing balance |
Office equipment |
33% on reducing balance |
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 its 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.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Intangible assets |
straight line over 10 years. |
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Page 4 |
Start Up Active Limited
Notes to the Financial Statements for the Period from 1 July 2017 to 31 March 2018
Intangible assets |
Goodwill |
Other intangible assets |
Total |
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Cost or valuation |
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At 1 July 2017 |
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- |
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Additions acquired separately |
- |
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At 31 March 2018 |
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Amortisation |
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At 1 July 2017 |
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- |
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Amortisation charge |
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- |
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At 31 March 2018 |
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- |
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Carrying amount |
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At 31 March 2018 |
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At 30 June 2017 |
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- |
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Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 July 2017 |
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At 31 March 2018 |
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Depreciation |
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At 1 July 2017 |
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Charge for the year |
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At 31 March 2018 |
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Carrying amount |
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At 31 March 2018 |
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At 30 June 2017 |
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Page 5 |
Start Up Active Limited
Notes to the Financial Statements for the Period from 1 July 2017 to 31 March 2018
Debtors |
2018 |
2017 |
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Trade debtors |
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Other debtors |
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Total current trade and other debtors |
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Creditors |
Note |
2018 |
2017 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Corporation tax |
- |
10,392 |
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Other payables |
57,785 |
33,526 |
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Page 6 |