Company Registration No. 05825501 (England and Wales)
Active Simulators Limited
Unaudited accounts
for the year ended 31 March 2022
Active Simulators Limited
Unaudited accounts
Contents
Active Simulators Limited
Company Information
for the year ended 31 March 2022
Directors
Mr Michael Abbott
Mr Lee Abbott
Mrs Donna Abbott
Mrs Nina Abbott
Company Number
05825501 (England and Wales)
Registered Office
Office 17
Regent House, 2 Regent Road
Lowestoft
NR32 1PA
Accountants
P Lacey & Associates Ltd
Office 17
2 Regent House
Lowestoft
NR32 1PA
Active Simulators Limited
Statement of financial position
as at 31 March 2022
Investment property
15,708
15,708
Cash at bank and in hand
10,058
115,587
Creditors: amounts falling due within one year
-
(51,580)
Net current assets
10,058
68,044
Called up share capital
100
100
Profit and loss account
25,666
83,652
Shareholders' funds
25,766
83,752
For the year ending 31 March 2022 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 December 2022 and were signed on its behalf by
Mr Michael Abbott
Director
Company Registration No. 05825501
Active Simulators Limited
Notes to the Accounts
for the year ended 31 March 2022
Active Simulators Limited is a private company, limited by shares, registered in England and Wales, registration number 05825501. The registered office is Office 17, Regent House, 2 Regent Road, Lowestoft, NR32 1PA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance
Motor vehicles
15% reducing balance
Active Simulators Limited
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Computer equipment
Fair value at 1 April 2021
15,708
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
-
50,000
Taxes and social security
-
1,580
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2021: 4).
