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Statement of Consent to Prepare Abridged Financial Statements
All of the members of ACTIU INTERNATIONAL LTD have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER: 10250927
ACTIU INTERNATIONAL LTD
Unaudited Abridged Financial Statements
31 December 2017
ACTIU INTERNATIONAL LTD
Abridged Financial Statements
Year ended 31 December 2017
Contents
Page
Director's report
1
Abridged statement of comprehensive income
2
Abridged statement of financial position
3
Statement of changes in equity
4
Notes to the abridged financial statements
5
The following pages do not form part of the abridged financial statements
Detailed abridged income statement
7
Notes to the detailed abridged income statement
8
ACTIU INTERNATIONAL LTD
Director's Report
Year ended 31 December 2017
The director presents his report and the unaudited abridged financial statements of the company for the year ended 31 December 2017 .
Principal activities
The principal activity of the company during the year was trading in furniture.
Director
The director who served the company during the year was as follows:
Soledad Berbegal Roque
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 29 August 2018 and signed on behalf of the board by:
Soledad Berbegal Roque
Director
Registered office:
Wells House
Upper Street
London
United Kindom
N1 0NU
ACTIU INTERNATIONAL LTD
Abridged Statement of Comprehensive Income
Year ended 31 December 2017
Period from
Year to
24 Jun 16 to
31 Dec 17
31 Dec 16
Note
£
£
Gross profit
18,707
7,444
Administrative expenses
4,798
2,386
--------
-------
Operating profit
13,909
5,058
--------
-------
Profit before taxation
13,909
5,058
Tax on profit
2,677
1,012
--------
-------
Profit for the financial year and total comprehensive income
11,232
4,046
--------
-------
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
ACTIU INTERNATIONAL LTD
Abridged Statement of Financial Position
31 December 2017
2017
2016
Note
£
£
Current assets
Debtors
110,198
75,858
Cash at bank and in hand
48,293
44,004
---------
---------
158,491
119,862
Creditors: amounts falling due within one year
93,213
65,816
---------
---------
Net current assets
65,278
54,046
--------
--------
Total assets less current liabilities
65,278
54,046
--------
--------
Net assets
65,278
54,046
--------
--------
Capital and reserves
Called up share capital
50,000
50,000
Profit and loss account
15,278
4,046
--------
--------
Members funds
65,278
54,046
--------
--------
These abridged financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
These abridged financial statements were approved by the board of directors and authorised for issue on 29 August 2018 , and are signed on behalf of the board by:
Soledad Berbegal Roque
Director
Company registration number: 10250927
ACTIU INTERNATIONAL LTD
Statement of Changes in Equity
Year ended 31 December 2017
Called up share capital
Profit and loss account
Total
£
£
£
At 24 June 2016
–
–
–
Profit for the year
4,046
4,046
----
-------
-------
Total comprehensive income for the year
–
4,046
4,046
Issue of shares
50,000
–
50,000
--------
-------
--------
Total investments by and distributions to owners
50,000
–
50,000
At 31 December 2016
50,000
4,046
54,046
Profit for the year
11,232
11,232
--------
--------
--------
Total comprehensive income for the year
–
11,232
11,232
--------
--------
--------
At 31 December 2017
50,000
15,278
65,278
--------
--------
--------
ACTIU INTERNATIONAL LTD
Notes to the Abridged Financial Statements
Year ended 31 December 2017
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Wells House, Upper Street, London, United Kindom, N1 0NU.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
ACTIU INTERNATIONAL LTD
Management Information
Year ended 31 December 2017
The following pages do not form part of the abridged financial statements.
ACTIU INTERNATIONAL LTD
Detailed Abridged Income Statement
Year ended 31 December 2017
Period from
Year to
24 Jun 16 to
31 Dec 17
31 Dec 16
£
£
Turnover
Sales
264,627
122,981
Miscellaneous Income
261
–
Distribution and Carriage
2,462
–
---------
---------
267,350
122,981
Cost of sales
Purchases
246,813
112,411
Cost of sales
(1,830)
(3,126)
---------
---------
248,643
115,537
---------
---------
--------
-------
Gross profit
18,707
7,444
Overheads
Administrative expenses
4,798
2,386
--------
-------
Operating profit
13,909
5,058
--------
-------
Profit before taxation
13,909
5,058
--------
-------
ACTIU INTERNATIONAL LTD
Notes to the Detailed Abridged Income Statement
Year ended 31 December 2017
Period from
Year to
24 Jun 16 to
31 Dec 17
31 Dec 16
£
£
Administrative expenses
Internet Charge
30
–
Office expenses
–
61
Other professional fees
250
500
Accountancy fees
4,200
1,750
Bank charges
318
75
-------
-------
4,798
2,386
-------
-------