Company Registration No. 03898153 (England and Wales)
ACTIVE DISTRIBUTION LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
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 2014
30 November 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
14,138
3,498
Current assets
Stocks
153,000
103,000
Debtors
1,023
4,044
Cash at bank and in hand
3,274
4,568
157,297
111,612
Creditors: amounts falling due within one year
3
(109,934)
(68,015)
Net current assets
47,363
43,597
Total assets less current liabilities
61,501
47,095
Creditors: amounts falling due after more than one year
4
(88,480)
(80,000)
(26,979)
(32,905)
Capital and reserves
Called up share capital
5
224,226
224,226
Profit and loss account
(251,205)
(257,131)
Shareholders' deficiency
(26,979)
(32,905)
For the financial year ended 30 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has 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 27 August 2015
A T Colley
Director
Company Registration No. 03898153
ACTIVE DISTRIBUTION LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
- 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 financial statements have been prepared on a going concern basis as the company has the ongoing support of the director.
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 balanace basis
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2013
3,985
Additions
15,813
Disposals
(1,667)
At 30 November 2014
18,131
Depreciation
At 1 December 2013
487
Charge for the year
3,506
At 30 November 2014
3,993
Net book value
At 30 November 2014
14,138
At 30 November 2013
3,498
ACTIVE DISTRIBUTION LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2014
- 3 -
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £2,751 (2013 - £0).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £8,480 (2013 - £0).
5
Share capital
2014
2013
£
£
Allotted, called up and fully paid
224,226 Ordinary shares of £1 each
224,226
224,226