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Company Registration No. 11397082 (England and Wales)
First Active 365 Limited Unaudited accounts for the year ended 31 March 2024
First Active 365 Limited Unaudited accounts Contents
Page
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First Active 365 Limited Company Information for the year ended 31 March 2024
Director
Mr Reiss Roberts
Company Number
11397082 (England and Wales)
Registered Office
31 Hurst Street Birmingham B5 4BD
Accountants
Severn Accounting 1 Shaw Street Shaw Mews Worcester West Midlands WR1 3QQ
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First Active 365 Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
130,624 
136,278 
Current assets
Debtors
996,906 
1,237,586 
Cash at bank and in hand
140,833 
182,288 
1,137,739 
1,419,874 
Creditors: amounts falling due within one year
(804,052)
(807,479)
Net current assets
333,687 
612,395 
Total assets less current liabilities
464,311 
748,673 
Creditors: amounts falling due after more than one year
(25,649)
(35,053)
Provisions for liabilities
Deferred tax
(22,144)
(20,460)
Net assets
416,518 
693,160 
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
406,518 
683,160 
Shareholders' funds
416,518 
693,160 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 June 2024 and were signed on its behalf by
Mr Reiss Roberts Director Company Registration No. 11397082
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First Active 365 Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
First Active 365 Limited is a private company, limited by shares, registered in England and Wales, registration number 11397082. The registered office is 31 Hurst Street , Birmingham, B5 4BD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Presentation currency
The financial statements are prepared in sterling , which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing balance
Computer equipment
15% Reducing balance
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First Active 365 Limited Notes to the Accounts for the year ended 31 March 2024
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company?s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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First Active 365 Limited Notes to the Accounts for the year ended 31 March 2024
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee?s services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
71,651 
78,490 
150,141 
Additions
13,817 
3,060 
16,877 
At 31 March 2024
85,468 
81,550 
167,018 
Depreciation
At 1 April 2023
11,010 
2,853 
13,863 
Charge for the year
10,726 
11,805 
22,531 
At 31 March 2024
21,736 
14,658 
36,394 
Net book value
At 31 March 2024
63,732 
66,892 
130,624 
At 31 March 2023
60,641 
75,637 
136,278 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
827,193 
1,063,234 
Other debtors
55,550 
87,370 
882,743 
1,150,604 
Amounts falling due after more than one year
Other debtors
114,163 
86,982 
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First Active 365 Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,227 
9,408 
Trade creditors
116,478 
16,206 
Taxes and social security
45,965 
91,176 
Other creditors
638,382 
690,689 
804,052 
807,479 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
25,649 
35,053 
8
Average number of employees
During the year the average number of employees was 17 (2023: 21).
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