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Registration number: 04326203

Active Voice & Data Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2018

Thorntons
Chartered Certified Accountants
176-178 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

 

Active Voice & Data Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 8

 

Active Voice & Data Limited

Company Information

Directors

Mr Iain Simpson

Mrs Dawn Marie Simpson

Registered office

UNIT 5 BBIC
INNOVATION WAY
BARNSLEY
SOUTH YORKSHIRE
S75 1JL

Accountants

Thorntons
Chartered Certified Accountants
176-178 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

 

Active Voice & Data Limited

(Registration number: 04326203)
Balance Sheet as at 31 March 2018

Note

2018
£

2017
£

Fixed assets

 

Tangible assets

4

6,293

3,978

Current assets

 

Stocks

5

60,363

43,422

Debtors

6

90,341

79,326

Cash at bank and in hand

 

64,385

32,920

 

215,089

155,668

Creditors: Amounts falling due within one year

7

(193,222)

(131,798)

Net current assets

 

21,867

23,870

Net assets

 

28,160

27,848

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

28,158

27,846

Total equity

 

28,160

27,848

For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Active Voice & Data Limited

(Registration number: 04326203)
Balance Sheet as at 31 March 2018

Approved and authorised by the Board on 15 November 2018 and signed on its behalf by:
 

.........................................

Mr Iain Simpson

Director

 

Active Voice & Data Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
UNIT 5 BBIC
INNOVATION WAY
BARNSLEY
SOUTH YORKSHIRE
S75 1JL

These financial statements were authorised for issue by the Board on 15 November 2018.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Active Voice & Data Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

15% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Active Voice & Data Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2017 - 8).

 

Active Voice & Data Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2017

28,535

10,135

38,670

Additions

3,920

-

3,920

At 31 March 2018

32,455

10,135

42,590

Depreciation

At 1 April 2017

24,557

10,135

34,692

Charge for the year

1,605

-

1,605

At 31 March 2018

26,162

10,135

36,297

Carrying amount

At 31 March 2018

6,293

-

6,293

At 31 March 2017

3,978

-

3,978

5

Stocks

2018
£

2017
£

Raw materials and consumables

42,863

33,422

Work in progress

10,000

10,000

Other inventories

7,500

-

60,363

43,422

6

Debtors

2018
£

2017
£

Trade debtors

55,508

48,910

Prepayments

34,833

30,416

90,341

79,326

7

Creditors

Creditors: amounts falling due within one year

 

Active Voice & Data Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

2018
£

2017
£

Due within one year

Trade creditors

110,380

68,171

Taxation and social security

49,364

40,879

Accruals and deferred income

2,000

1,916

Other creditors

31,478

20,832

193,222

131,798

8

Share capital

Allotted, called up and fully paid shares

 

2018

2017

 

No.

£

No.

£

ordinary of £1 each

2

2

2

2

         

9

Dividends

Interim dividends paid

   

2018
£

 

2017
£

Interim dividend of £26,299.00 (2017 - £21,508.00) per each ordinary share

 

52,598

 

43,016

         

10

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2018
£

2017
£

Remuneration

14,976

14,976

Contributions paid to money purchase schemes

7,657

7,739

22,633

22,715