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COMPANY REGISTRATION NUMBER 07221923
ACTIVE PROJECT MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
22 July 2016
ACTIVE PROJECT MANAGEMENT LIMITED
DIRECTOR'S REPORT
PERIOD FROM 1 MAY 2015 TO 22 JULY 2016
The director presents his report and the unaudited financial statements of the company for the period from 1 May 2015 to 22 July 2016.
INCORPORATION
The company was incorporated on 13 April 2010 and commenced trading on the same date. The company ceased trading on 22 July 2016.
PRINCIPAL ACTIVITIES
The principal activity of the company during the period under review was that of IT Services.
THE DIRECTOR AND HIS INTERESTS IN THE SHARES OF THE COMPANY
The director who served the company during the period together with his beneficial interests in the shares of the company was as follows:
Ordinary Shares of £1 each
At 22 July 2016
At 1 May 2015
Mr A Dale
2
2
----
----
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Signed by
„„„„„„„„„„„„„„„„„„„„..
Mr Adam Dale
Director
Approved by the director on 16 August 2016
ACTIVE PROJECT MANAGEMENT LIMITED
PROFIT AND LOSS ACCOUNT
PERIOD FROM 1 MAY 2015 TO 22 JULY 2016
Period from
1 May 15 to
Year to
22 Jul 16
30 Apr 15
Note
£
£
TURNOVER
176,705
173,495
Administrative expenses
54,708
55,512
----------
----------
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION
121,997
117,983
Tax on profit on ordinary activities
24,399
23,597
----------
----------
PROFIT FOR THE FINANCIAL PERIOD
97,598
94,386
----------
----------
ACTIVE PROJECT MANAGEMENT LIMITED
BALANCE SHEET
22 July 2016
22 Jul 16
30 Apr 15
Note
£
£
£
CURRENT ASSETS
Debtors
4
–
182,519
Cash at bank and in hand
246,295
2,814
----------
----------
246,295
185,333
CREDITORS: Amounts falling due within one year
5
27,953
29,649
----------
----------
NET CURRENT ASSETS
218,342
155,684
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
218,342
155,684
----------
----------
CAPITAL AND RESERVES
Called up equity share capital
7
2
2
Profit and loss account
8
218,340
155,682
----------
----------
SHAREHOLDERS' FUNDS
218,342
155,684
----------
----------
For the period from 1 May 2015 to 22 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 members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
These accounts were approved and signed by the director and authorised for issue on 16 August 2016 .
Mr A Dale Director
Company Registration Number: 07221923
ACTIVE PROJECT MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 MAY 2015 TO 22 JULY 2016
1. ACCOUNTING POLICIES
Basis of accounting
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
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2. OPERATING PROFIT
Operating profit is stated after charging:
Period from
1 May 15 to
Year to
22 Jul 16
30 Apr 15
£
£
Director's remuneration
9,403
7,965
-------
-------
3. DIVIDENDS
Equity dividends
Period from
1 May 15 to
Year to
22 Jul 16
30 Apr 15
£
£
Paid during the year:
Dividends on equity shares
34,940
52,100
---------
---------
4. DEBTORS
22 Jul 16
30 Apr 15
£
£
Trade debtors
–
10,560
Directors current accounts
–
164,584
Other debtors
–
7,375
----
----------
–
182,519
----
----------
5. CREDITORS: Amounts falling due within one year
22 Jul 16
30 Apr 15
£
£
Trade creditors
11
–
Corporation tax
24,399
23,597
Other taxation
3,543
6,052
---------
---------
27,953
29,649
---------
---------
6. RELATED PARTY TRANSACTIONS
The company was under the control of Mr Adam Dale throughout the current and previous year. Mr Adam Dale is the managing director and 100% shareholder. As director and shareholder, Mr Adam Dale was paid dividends to the amount of £34,940 during the period ending 22 July 2016. During the period, the company advanced a loan to its Director Mr Adam Dale, of £159,000. The loan has been subject to interest at the HMRC approved rate. The loan has been repaid.
7. SHARE CAPITAL
Allotted, called up and fully paid:
22 Jul 16 30 Apr 15
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
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----
----
----
8. PROFIT AND LOSS ACCOUNT
Period from
1 May 15 to
Year to
22 Jul 16
30 Apr 15
£
£
Balance brought forward
155,682
113,396
Profit for the financial period
97,598
94,386
Equity dividends
( 34,940)
( 52,100)
----------
----------
Balance carried forward
218,340
155,682
----------
----------
ACTIVE PROJECT MANAGEMENT LIMITED
MANAGEMENT INFORMATION
PERIOD FROM 1 MAY 2015 TO 22 JULY 2016
The following pages do not form part of the statutory financial statements .
ACTIVE PROJECT MANAGEMENT LIMITED
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE
DIRECTOR ON THE UNAUDITED ACCOUNTS OF ACTIVE PROJECT
MANAGEMENT LIMITED
PERIOD FROM 1 MAY 2015 TO 22 JULY 2016
In accordance with our terms of engagement, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise the Profit and Loss Account, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.
This report is made to the Company's Director, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company's Director that we have done so, and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Director, for our work or for this report.
We have carried out this engagement in accordance with technical guidance issued by the Institute of Chartered Accountants in England and Wales and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet as at 22 July 2016 your duty to ensure that the company has kept adequate accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the period.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
SABLE ACCOUNTING LIMITED Chartered Certified Accountants
77-91 New Oxford Street London UK WC1A 1DG
16 August 2016
ACTIVE PROJECT MANAGEMENT LIMITED
DETAILED PROFIT AND LOSS ACCOUNT
PERIOD FROM 1 MAY 2015 TO 22 JULY 2016
Period from
1 May 15 to
Year to
22 Jul 16
30 Apr 15
£
£
TURNOVER
176,705
173,495
OVERHEADS
Administrative expenses
54,708
55,512
----------
----------
PROFIT ON ORDINARY ACTIVITIES
121,997
117,983
----------
----------
NOTES:
ADMINISTRATIVE EXPENSES
Personnel costs
Directors salaries
9,403
7,965
General expenses
Travel and subsistence
33,786
1,302
Telephone
226
180
Equipment Expense
1,883
855
Printing, stationery and postage
55
81
General expenses
–
216
Computer Consumables & Software
409
–
Filing Fee
536
–
International Travel meeting costs
–
42,946
Contractors & Consultants Fees
6,045
–
Accountancy fees
2,243
1,794
---------
---------
45,183
47,374
---------
Financial costs
Bank charges
122
173
---------
---------
54,708
55,512
---------
---------