ACT Collective Limited

		31 July 2016		Period to 31 July 2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		829		1,224

			829		1,224
CURRENT ASSETS
Cash at bank and in hand		868		8,835

		868		8,835
Creditors: Amounts Falling Due Within One Year		(9,878 )		(15,686 )

NET CURRENT ASSETS (LIABILITIES)			(9,010 )		(6,851 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(8,181 )		(5,627 )

NET ASSETS			(8,181 )		(5,627 )

CAPITAL AND RESERVES
Called up share capital	3		1		1
Profit and Loss Account			(8,182 )		(5,628 )

SHAREHOLDERS' FUNDS			(8,181 )		(5,627 )

For the year ending 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Ms Edafe Onerhime

24 October 2016

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

50%

2. Tangible Assets


	Total
Cost	£
As at 1 August 2015	2,448
Additions	1,659

As at 31 July 2016	4,107

Depreciation
As at 1 August 2015	1,224
Provided during the period	2,054

As at 31 July 2016	3,278

Net Book Value
As at 31 July 2016	829

As at 1 August 2015	1,224

3. Share Capital

	Value	Number	31 July 2016	Period to 31 July 2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	1	1	1

4. Transactions With and Loans to Directors

Dividends paid to directors

5. Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.