Activate Agency Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09390084 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

ACTIVATE AGENCY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A Coleman

Mrs E Coleman

SECRETARY:

Mrs E Coleman

REGISTERED OFFICE:

1 Brook Court

Blakeney Road

Beckenham

Kent

BR3 1HG

REGISTERED NUMBER:

09390084 (England and Wales)

ACCOUNTANTS:

Maths Partnership

1 Brook Court

Blakeney Road

Beckenham

Kent

BR3 1HG

FIXED ASSETS

Tangible assets

4

12,710

17,730

CURRENT ASSETS

Debtors

5

1,212

347

Cash at bank and in hand

100

18,994

1,312

19,341

CREDITORS

Amounts falling due within one year

6

22,388

28,257

NET CURRENT LIABILITIES

(21,076

)

(8,916

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,366

)

8,814

PROVISIONS FOR LIABILITIES

488

3,546

NET (LIABILITIES)/ASSETS

(8,854

)

5,268

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(8,954

)

5,168

SHAREHOLDERS' FUNDS

(8,854

)

5,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 14 July 2017 and were signed on its behalf by:

A Coleman - Director

1.	STATUTORY INFORMATION

Activate Agency Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

No material adjustments were needed in the first year of adoption to comply with the new standards.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of

financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2015 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2016

and 31 December 2016

969

12,480

10,169

23,618

DEPRECIATION

At 1 January 2016

222

2,855

2,811

5,888

Charge for year

186

2,406

2,428

5,020

At 31 December 2016

408

5,261

5,239

10,908

NET BOOK VALUE

At 31 December 2016

561

7,219

4,930

12,710

At 31 December 2015

747

9,625

7,358

17,730

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Prepayments

1,212

347

All debtors are due within one year and have therefore not been discounted.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

12,722

-

Trade creditors

1,605

2,155

Taxation and social security

745

12,075

Other creditors

7,316

14,027

22,388

28,257

All creditors are payable within one year and have therefore not been discounted.

7.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.