Company Registration No. 05825501 (England and Wales)
Active Simulators Limited
Unaudited accounts
for the year ended 31 March 2019
Active Simulators Limited
Unaudited accounts
Contents
Active Simulators Limited
Company Information
for the year ended 31 March 2019
Directors
Mr Michael Abbott
Mr Lee Abbott
Mrs Donna Abbott
Mrs Nina Abbott
Company Number
05825501 (England and Wales)
Registered Office
Office 17
Regent House, 2 Regent Road
Lowestoft
NR32 1PA
Accountants
P Lacey & Associates Ltd
Office 17
2 Regent House
Lowestoft
NR32 1PA
Active Simulators Limited
Statement of financial position
as at
31 March 2019
Tangible assets
141,298
158,673
Investment property
15,708
15,708
Cash at bank and in hand
68,667
131,590
Creditors: amounts falling due within one year
(45,254)
(181,431)
Net current assets
172,743
99,687
Total assets less current liabilities
329,749
274,068
Creditors: amounts falling due after more than one year
(31,272)
(39,136)
Net assets
298,477
234,932
Called up share capital
100
100
Profit and loss account
298,377
234,832
Shareholders' funds
298,477
234,932
For the year ending 31 March 2019 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 directors acknowledge their 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.
Approved by the Board on 6 September 2019.
Mr Michael Abbott
Director
Company Registration No. 05825501
Active Simulators Limited
Notes to the Accounts
for the year ended 31 March 2019
Active Simulators Limited is a private company, limited by shares, registered in England and Wales, registration number 05825501. The registered office is Office 17, Regent House, 2 Regent Road, Lowestoft, NR32 1PA.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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:
Plant & machinery
10% reducing balance
Motor vehicles
15% reducing balance
Active Simulators Limited
Notes to the Accounts
for the year ended 31 March 2019
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2018
10,168
399,598
68,205
2,625
480,596
At 31 March 2019
10,168
399,598
68,205
2,625
480,596
At 1 April 2018
812
295,094
23,392
2,625
321,923
Charge for the year
203
10,450
6,722
-
17,375
At 31 March 2019
1,015
305,544
30,114
2,625
339,298
At 31 March 2019
9,153
94,054
38,091
-
141,298
At 31 March 2018
9,356
104,504
44,813
-
158,673
5
Investment property
2019
Fair value at 1 April 2018
15,708
Accrued income and prepayments
14,238
36,668
Other debtors
135,092
105,720
7
Creditors: amounts falling due within one year
2019
2018
Trade creditors
11,223
49,314
Taxes and social security
23,785
35,835
Other creditors
3,100
18,507
Loans from directors
7,146
77,775
8
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
18,272
23,950
Active Simulators Limited
Notes to the Accounts
for the year ended 31 March 2019
9
Share capital
2019
2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 4 (2018: 2).