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COMPANY REGISTRATION NUMBER: 08464573
ACTIVE TACKLE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 June 2023
ACTIVE TACKLE LIMITED
STATEMENT OF FINANCIAL POSITION
30 June 2023
2023
2022
Note
£
£
£
FIXED ASSETS
Tangible assets
5
6,345
7,466
CURRENT ASSETS
Stocks
104,000
105,000
Cash at bank and in hand
3,394
177
----------
----------
107,394
105,177
CREDITORS: amounts falling due within one year
6
158,469
148,088
----------
----------
NET CURRENT LIABILITIES
51,075
42,911
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 44,730)
( 35,445)
CREDITORS: amounts falling due after more than one year
7
11,551
15,250
---------
---------
NET LIABILITIES
( 56,281)
( 50,695)
---------
---------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 56,381)
( 50,795)
---------
---------
SHAREHOLDERS DEFICIT
( 56,281)
( 50,695)
---------
---------
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 income and retained earnings has not been delivered.
For the year ending 30 June 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ACTIVE TACKLE LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 5 March 2024 , and are signed on behalf of the board by:
Mr G J Bowers
Director
Company registration number: 08464573
ACTIVE TACKLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 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 3 High Street, St Lawrence, Ramsgate, Kent, CT11 0QL.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
15% reducing balance
Motor vehicles
-
15% reducing balance
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 7 (2022: 8 ).
5. TANGIBLE ASSETS
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 July 2022 and 30 June 2023
10,243
4,000
8,400
22,643
---------
-------
-------
---------
Depreciation
At 1 July 2022
6,895
2,717
5,565
15,177
Charge for the year
502
193
426
1,121
---------
-------
-------
---------
At 30 June 2023
7,397
2,910
5,991
16,298
---------
-------
-------
---------
Carrying amount
At 30 June 2023
2,846
1,090
2,409
6,345
---------
-------
-------
---------
At 30 June 2022
3,348
1,283
2,835
7,466
---------
-------
-------
---------
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
965
Social security and other taxes
51,800
57,413
Other creditors
106,669
89,710
----------
----------
158,469
148,088
----------
----------
7. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
11,551
15,250
---------
---------
8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr G J Bowers
71,472
7,750
79,222
---------
-------
---------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr G J Bowers
67,673
3,799
71,472
---------
-------
---------
9. RELATED PARTY TRANSACTIONS
The company was under the control of Mr G J Bowers throughout the current period. Mr G J Bowers is the managing director and company shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.