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Company registration number: 14084253
Active Marketing Agency Limited
Unaudited filleted financial statements
31 May 2023
Active Marketing Agency Limited
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Active Marketing Agency Limited
Statement of financial position
31 May 2023
31/05/23
Note £ £
Current assets
Debtors 5 1,200
Cash at bank and in hand 22,198
_______
23,398
Creditors: amounts falling due
within one year 6 ( 9,793)
_______
Net current assets 13,605
_______
Total assets less current liabilities 13,605
_______
Net assets 13,605
_______
Capital and reserves
Called up share capital 100
Profit and loss account 13,505
_______
Shareholder funds 13,605
_______
For the period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 November 2023 , and are signed on behalf of the board by:
Miss K Sanderson
Director
Company registration number: 14084253
Active Marketing Agency Limited
Statement of changes in equity
Period ended 31 May 2023
Called up share capital Profit and loss account Total
£ £ £
At 4 May 2022 - - -
Profit for the period 35,505 35,505
_______ _______ _______
Total comprehensive income for the period - 35,505 35,505
Issue of shares 100 100
Dividends paid and payable ( 22,000) ( 22,000)
_______ _______ _______
Total investments by and distributions to owners 100 ( 22,000) ( 21,900)
_______ _______ _______
At 31 May 2023 100 13,505 13,605
_______ _______ _______
Active Marketing Agency Limited
Notes to the financial statements
Period ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Portland Road, Edgbaston, Birmingham, B16 9HN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest pound.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Debtors and creditors receivable or payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1
5. Debtors
31/05/23
£
Other debtors 1,200
_______
6. Creditors: amounts falling due within one year
31/05/23
£
Corporation tax 8,461
Other creditors 1,332
_______
9,793
_______