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Registration number: 03507348

Active Information Systems Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2013
 

Blue Spire South LLP
Chartered Accountants
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

 

Active Information Systems Ltd
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 5

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Active Information Systems Ltd
for the Year Ended 30 November 2013

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Active Information Systems Ltd for the year ended 30 November 2013 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Active Information Systems Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Active Information Systems Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Active Information Systems Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Active Information Systems Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Active Information Systems Ltd. You consider that Active Information Systems Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Active Information Systems Ltd. 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 statutory accounts.

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

Blue Spire South LLP
Chartered Accountants
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

29 August 2014

 

Active Information Systems Ltd
(Registration number: 03507348)
Abbreviated Balance Sheet at 30 November 2013

   

Note

   

2013
£

   

2012
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

7,052

   

4,508

 

Current assets

 

             

Stocks

 

   

5,569

   

3,000

 

Debtors

 

   

29,930

   

78,306

 
   

   

35,499

   

81,306

 

Creditors: Amounts falling due within one year

 

   

(86,212)

   

(73,757)

 

Net current (liabilities)/assets

 

   

(50,713)

   

7,549

 

Total assets less current liabilities

 

   

(43,661)

   

12,057

 

Creditors: Amounts falling due after more than one year

 

   

(13,467)

   

(19,353)

 

Net liabilities

 

   

(57,128)

   

(7,296)

 

Capital and reserves

 

             

Called up share capital

 

4

   

51,313

   

51,313

 

Capital redemption reserve

 

   

24,737

   

24,737

 

Profit and loss account

 

   

(133,178)

   

(83,346)

 

Shareholders' deficit

 

   

(57,128)

   

(7,296)

 

For the year ending 30 November 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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 .

Approved by the director on 29 August 2014

.........................................
C J Sewell BSC (HONS) MIET
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

 

Active Information Systems Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The Director considers the company to be a going concern on the basis that the shareholders will continue their financial support to the company and not demand repayment of loans they have made until such time as the company is in a position to do so.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance basis

Office equipment

25% reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

 

Active Information Systems Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 December 2012

 

43,369

   

43,369

 

Additions

 

5,183

   

5,183

 

At 30 November 2013

 

48,552

   

48,552

 

Depreciation

           

At 1 December 2012

 

38,861

   

38,861

 

Charge for the year

 

2,639

   

2,639

 

At 30 November 2013

 

41,500

   

41,500

 

Net book value

           

At 30 November 2013

 

7,052

   

7,052

 

At 30 November 2012

 

4,508

   

4,508

 

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

 

2013
£

   

2012
£

 

 

   

 

Amounts falling due within one year

 

5,771

   

5,771

 

Amounts falling due after more than one year

 

7,695

   

13,581

 

Total secured creditors

 

13,467

   

19,353

 

4

Share capital

Allotted, called up and fully paid shares

 

2013

2012

   

No.

   

£

   

No.

   

£

 

Ordinary A of £1 each

 

1,263

   

1,263

   

1,263

   

1,263

 

Ordinary B of £1 each

 

50

   

50

   

50

   

50

 

Preference of £1 each

 

50,000

   

50,000

   

50,000

   

50,000

 
   

51,313

   

51,313

   

51,313

   

51,313

 

5

Related party transactions

Directors' advances and credits

 

2013
Advance/ Credit
£

2013
Repaid
£

2012
Advance/ Credit
£

2012
Repaid
£

C J Sewell BSC (HONS) MIET

 

Active Information Systems Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013
......... continued

Amount owed to director

11,000

-

-

-

         
         

K Young

Amount owed to former director

7,125

-

-

-

         
         

6

Control

The company is controlled by the director.


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