Company registration number 12248903 (England and Wales)
ACTIVITY STREET LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
ACTIVITY STREET LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ACTIVITY STREET LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Cash at bank and in hand
-
0
31
Creditors: amounts falling due within one year
3
(12,484)
(12,482)
Net current liabilities
(12,484)
(12,451)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(12,584)
(12,551)
Total equity
(12,484)
(12,451)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.

For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 31 July 2024 and are signed on its behalf by:
P Spencer
Director
Company registration number 12248903 (England and Wales)
ACTIVITY STREET LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 2 -
1
Accounting policies
Company information

Activity Street Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Coventry Innovation Village, Cheetah Road, Coventry, CV1 2TL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

ACTIVITY STREET LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
3
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
12,484
12,482
4
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

2023
2022
Amounts due to related parties
£
£
Key management personnel
12,484
12,126

At the year end the above was owed to key management, this amount is repayable on demand and interest free.

2023-10-312022-11-01falseCCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr P SpencerL SpencerJ Hankinson-StegglesL Spencerfalsefalsetrue122489032022-11-012023-10-31122489032023-10-31122489032022-10-3112248903core:CurrentFinancialInstrumentscore:WithinOneYear2023-10-3112248903core:CurrentFinancialInstrumentscore:WithinOneYear2022-10-3112248903core:ShareCapital2023-10-3112248903core:ShareCapital2022-10-3112248903core:RetainedEarningsAccumulatedLosses2023-10-3112248903core:RetainedEarningsAccumulatedLosses2022-10-3112248903bus:Director12022-11-012023-10-311224890312022-11-012023-10-31122489032021-11-012022-10-3112248903core:CurrentFinancialInstruments2023-10-3112248903core:CurrentFinancialInstruments2022-10-3112248903bus:PrivateLimitedCompanyLtd2022-11-012023-10-3112248903bus:SmallCompaniesRegimeForAccounts2022-11-012023-10-3112248903bus:FRS1022022-11-012023-10-3112248903bus:AuditExempt-NoAccountantsReport2022-11-012023-10-3112248903bus:Director22022-11-012023-10-3112248903bus:Director32022-11-012023-10-3112248903bus:CompanySecretary12022-11-012023-10-3112248903bus:FullAccounts2022-11-012023-10-31xbrli:purexbrli:sharesiso4217:GBP