Active Business Communications Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04439124 (England and Wales)

ACTIVE BUSINESS COMMUNICATIONS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Boyle

E Liston

C Petrou

G Gardiner

SECRETARY:

M Gembitsky

REGISTERED OFFICE:

Innovation House

12-13 Bredbury Business Park

Bredbury Park Way, Bredbury

Stockport

SK6 2SN

REGISTERED NUMBER:

04439124 (England and Wales)

ACCOUNTANTS:

Corporate Accountancy Solutions Limited

Georges Court

Chestergate

Macclesfield

Cheshire

SK11 6DP

FIXED ASSETS

Intangible assets

2

44,309

-

Tangible assets

3

483,157

35,896

Investments

4

2

527,468

35,898

CURRENT ASSETS

Stocks

16,802

16,400

Debtors

1,170,396

1,192,632

Cash at bank and in hand

38,027

184,441

1,225,225

1,393,473

CREDITORS

Amounts falling due within one year

5

1,033,493

1,132,899

NET CURRENT ASSETS

191,732

260,574

TOTAL ASSETS LESS CURRENT
LIABILITIES

719,200

296,472

CREDITORS

Amounts falling due after more than one
year

5

(399,359

)

(65,012

)

PROVISIONS FOR LIABILITIES

(5,381

)

(2,804

)

NET ASSETS

314,460

228,656

CAPITAL AND RESERVES

Called up share capital

6

17

22

Capital redemption reserve

17

(209,988

)

Profit and loss account

314,426

438,622

SHAREHOLDERS' FUNDS

314,460

228,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13th January 2017 and were signed on its behalf
by:

M Boyle - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

46,689

At 30th June 2016

46,689

AMORTISATION

Amortisation for year

2,380

At 30th June 2016

2,380

NET BOOK VALUE

At 30th June 2016

44,309

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2015

221,157

Additions

456,235

At 30th June 2016

677,392

DEPRECIATION

At 1st July 2015

185,261

Charge for year

8,974

At 30th June 2016

194,235

NET BOOK VALUE

At 30th June 2016

483,157

At 30th June 2015

35,896

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st July 2015

and 30th June 2016

2

NET BOOK VALUE

At 30th June 2016

2

At 30th June 2015

2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Active IT (UK) Limited

Nature of business: Provision of IT services

%

Class of shares:

holding

Ordinary

50.00

2016

2015

£

Aggregate capital and reserves

86,777

26,990

Profit for the year

127,787

70,383

5.

CREDITORS

Creditors include an amount of £ 538,056 (2015 - £ 113,385 ) for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1200

Ordinary A

£0.01

12.00

15.45

36

Ordinary B

£0.01

0.36

-

Ordinary C

£0.01

-

0.68

100

Ordinary D

£0.01

1.00

52

Ordinary E

£0.01

0.52

246

Ordinary F

£0.01

2.46

-

Ordinary X

£0.01

-

0.32

48

Ordinary Y

£0.01

0.48

64

Ordinary Z

£0.01

0.64

17.46

21.91