| CultureActive Limited |
| Balance Sheet |
| As at 30 June 2016 |
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|
2016 |
2016 |
2015 |
2015 |
|
|
Notes |
£ |
£ |
£ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
4,081 |
|
9,647 |
|
| Current assets |
| Debtors |
35,413 |
|
90,891 |
| Cash at bank and in hand |
135,260 |
|
99,553 |
|
|
|
170,673 |
|
190,444 |
|
| Creditors - amounts falling due within one year |
(55,084) |
|
(81,691) |
|
|
|
|
|
|
|
| Net current assets |
|
|
115,589 |
|
108,753 |
|
| Total assets less current liabilities |
119,670 |
|
118,400 |
|
| Provision for liabilities |
(442) |
|
(1,473) |
|
| Net assets |
119,228 |
|
116,927 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
100 |
|
100 |
| Profit and loss account |
119,128 |
|
116,827 |
|
| Shareholders' funds |
119,228 |
|
116,927 |
|
|
|
|
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| The director is satisfied that the company is entitled to exemption from audit under section 477 of the Companies Act 2006. |
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| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
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| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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| These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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| Approved by the directors on 28 July 2017 and signed on behalf of the board by: |
|
| Richard J Lewis |
| Director |
| The notes form an integral part of these accounts |
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| Page 1 |
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| CultureActive Limited |
|
| Notes to the Financial Statements |
| For the year ended 30 June 2016 |
|
| 1. |
|
Accounting policies |
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(a) |
Accounting convention |
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|
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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(b) |
Turnover |
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Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. |
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(c) |
Tangible fixed assets and depreciation |
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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: |
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|
|
|
Furniture and fittings |
20% straight line |
|
|
Office equipment |
20% straight line |
|
|
Computer equipment |
25% straight line |
|
|
(d) |
Foreign currency translation |
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Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account. |
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(e) |
Deferred taxation |
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|
Deferred tax is recognised in full in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. |
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| Page 2 |
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