REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
8TH FEBRUARY 2023 TO 28TH FEBRUARY 2024 |
FOR |
ACTIVE8 MINDS WINCHESTER LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
8TH FEBRUARY 2023 TO 28TH FEBRUARY 2024 |
FOR |
ACTIVE8 MINDS WINCHESTER LTD |
ACTIVE8 MINDS WINCHESTER LTD (REGISTERED NUMBER: 14647246) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 8TH FEBRUARY 2023 TO 28TH FEBRUARY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ACTIVE8 MINDS WINCHESTER LTD |
COMPANY INFORMATION |
FOR THE PERIOD 8TH FEBRUARY 2023 TO 28TH FEBRUARY 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Venture House |
The Tanneries |
East Street |
Titchfield |
Hampshire |
PO14 4AR |
ACTIVE8 MINDS WINCHESTER LTD (REGISTERED NUMBER: 14647246) |
BALANCE SHEET |
28TH FEBRUARY 2024 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the director and authorised for issue on |
ACTIVE8 MINDS WINCHESTER LTD (REGISTERED NUMBER: 14647246) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 8TH FEBRUARY 2023 TO 28TH FEBRUARY 2024 |
1. | STATUTORY INFORMATION |
Active8 Minds Winchester Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and associated costs can be reliable measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
Basic 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 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, where 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. |
The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments. |
Going concern |
Despite net liabilities exceeding net assets for the year ending 28th February 2024, the director feels that as the majority of net liabilities are directors loan account, the going concern basis of preparation remains appropriate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
ACTIVE8 MINDS WINCHESTER LTD (REGISTERED NUMBER: 14647246) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 8TH FEBRUARY 2023 TO 28TH FEBRUARY 2024 |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
Additions |
At 28th February 2024 |
AMORTISATION |
Charge for period |
At 28th February 2024 |
NET BOOK VALUE |
At 28th February 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Taxation and social security |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 100 |