ACTIVE MASTICS LIMITED

ACTIVE MASTICS LIMITED

ACTIVE MASTICS LIMITED - Company Information

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ACTIVE MASTICS LIMITED

Company Registration Number:
06273191 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2020

Period of accounts

Start date: 01 July 2019

End date: 30 June 2020

ACTIVE MASTICS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2020

Balance sheet
Notes

ACTIVE MASTICS LIMITED

Balance sheet

As at 30 June 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 255,201 263,939
Total fixed assets: 255,201 263,939
Current assets
Stocks: 7,000 7,000
Debtors:   196,300 266,963
Cash at bank and in hand: 72,733 70,895
Total current assets: 276,033 344,858
Creditors: amounts falling due within one year:   (84,177) (84,694)
Net current assets (liabilities): 191,856 260,164
Total assets less current liabilities: 447,057 524,103
Creditors: amounts falling due after more than one year:     (33,365)
Provision for liabilities: (2,300) (2,200)
Total net assets (liabilities): 444,757 488,538
Capital and reserves
Called up share capital: 300 300
Profit and loss account: 444,457 488,238
Shareholders funds: 444,757 488,538

The notes form part of these financial statements

ACTIVE MASTICS LIMITED

Balance sheet statements

For the year ending 30 June 2020 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.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 November 2020
and signed on behalf of the board by:

Name: L Laurie
Status: Director

The notes form part of these financial statements

ACTIVE MASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation policy

Leasehold Not depreciatedPlant & Machinery 25% per annum reducing balance basisMotor Vehicles 25% per annum reducing balance basisComputer Equipment 25% per annum reducing balance basis

ACTIVE MASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

2. Employees

2020 2019
Average number of employees during the period 9 9

ACTIVE MASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

3. Tangible Assets

Total
Cost £
At 01 July 2019 287,544
Additions 4,208
Disposals (3,000)
At 30 June 2020 288,752
Depreciation
At 01 July 2019 23,605
Charge for year 11,997
On disposals (2,051)
At 30 June 2020 33,551
Net book value
At 30 June 2020 255,201
At 30 June 2019 263,939