REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 13 DECEMBER 2022 TO 31 MARCH 2024 |
FOR |
ACTIVE BLACK COUNTRY LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 13 DECEMBER 2022 TO 31 MARCH 2024 |
FOR |
ACTIVE BLACK COUNTRY LIMITED |
ACTIVE BLACK COUNTRY LIMITED (REGISTERED NUMBER: 14537800) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 13 DECEMBER 2022 TO 31 MARCH 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ACTIVE BLACK COUNTRY LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 13 DECEMBER 2022 TO 31 MARCH 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
15 & 17 Church Street |
Stourbridge |
West Midlands |
DY8 1LU |
ACTIVE BLACK COUNTRY LIMITED (REGISTERED NUMBER: 14537800) |
BALANCE SHEET |
31 MARCH 2024 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
RESERVES |
Income and expenditure account |
MEMBERS' FUNDS |
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 and authorised for issue on |
ACTIVE BLACK COUNTRY LIMITED (REGISTERED NUMBER: 14537800) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 13 DECEMBER 2022 TO 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Active Black Country Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Grant income and funding are recognised in the income and expenditure account on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. |
The deferred element of grants and funded income is included in other creditors as deferred income. |
Tangible fixed assets |
Fixtures and fittings | - |
Taxation |
Taxation for the period 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 balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | AUDITORS' REMUNERATION |
£ |
Fees payable to the company's auditors for the audit of the company's financial statements |
9,000 |
ACTIVE BLACK COUNTRY LIMITED (REGISTERED NUMBER: 14537800) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 13 DECEMBER 2022 TO 31 MARCH 2024 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
Additions |
At 31 March 2024 |
DEPRECIATION |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Tax |
Social security and other taxes |
Other creditors |
Accruals and deferred income |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Accruals and deferred income |
9. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Within one year |
Between one and five years |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
ACTIVE BLACK COUNTRY LIMITED (REGISTERED NUMBER: 14537800) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 13 DECEMBER 2022 TO 31 MARCH 2024 |
11. | COMMITMENTS |
The company is committed to spending in accordance with the conditions set by each of the funders and grant providers. |
Whereby, each source of income will individually be governed by project agreements, which will stipulate terms regarding allowable expenditure, which must be complied with. |
12. | ULTIMATE CONTROLLING PARTY |
In the opinion of the directors, there is no ultimate controlling party other than the board of directors themselves. |
13. | LIMITED BY GUARANTEE |
The company is a company limited by guarantee and has no share capital. In the event of the company being wound up, the liability would be restricted to £1. |