Activ Red Limited - Period Ending 2015-12-31

Registration number: 08694382

Activ Red Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Bulley Davey Limited
Chartered Certified Accountants
1 - 4 London Road
Spalding
Lincolnshire
PE11 2TA

Activ Red Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Activ Red Limited
(Registration number: 08694382)
Abbreviated Balance Sheet at 31 December 2015

		Note			31 December 2015 £			31 December 2014 £
Fixed assets
Tangible fixed assets		2			79,224			31,605
Current assets
Stocks					43,046			31,288
Debtors					(89,471)			(42,024)
Cash at bank and in hand					83,072			87,605
					36,647			76,869
Creditors: Amounts falling due within one year					(39,096)			(63,354)
Net current (liabilities)/assets					(2,449)			13,515
Total assets less current liabilities					76,775			45,120
Provisions for liabilities					(5,845)			(6,321)
Net assets					70,930			38,799
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					70,928			38,797
Shareholders' funds					70,930			38,799

For the year ending 31 December 2015 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.

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

Approved by the Board on 30 September 2016 and signed on its behalf by:

 Mr D A Clark
 Director

 Mr M C Clark
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Activ Red Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Plant and machinery	25% 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, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 2

Activ Red Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		42,142			42,142
Additions		57,365			57,365
At 31 December 2015		99,507			99,507
Depreciation
At 1 January 2015		10,537			10,537
Charge for the year		9,746			9,746
At 31 December 2015		20,283			20,283
Net book value
At 31 December 2015		79,224			79,224
At 31 December 2014		31,605			31,605

3	Share capital

Allotted, called up and fully paid shares

	31 December 2015						31 December 2014
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

4

Control

The company is controlled by Mr M C Clark and Mrs M Clark.

Page 3