Listen Creative Limited - Accounts

Listen Creative Limited - Accounts

LISTEN CREATIVE LIMITED - Company Information

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Registered Number : 08537454
England and Wales

 

 

 


Filleted Accounts

for the year ended 31 May 2018

for

LISTEN CREATIVE LIMITED

 
 		 Notes
 		 2018
£		   2017
£
Fixed assets      
Tangible fixed assets 2 8,504    3,466 
8,504    3,466 
Current assets      
Debtors 3 108,810    114,274 
Cash at bank and in hand 1,497    58,917 
110,307    173,191 
Creditors: amount falling due within one year 4 (98,191)   (146,541)
Net current assets 12,116    26,650 
 
Total assets less current liabilities 20,620    30,116 
Creditors: amount falling due after more than one year 5 (15,000)   (25,168)
Net assets 5,620    4,948 
 

Capital and reserves 		     
Called up share capital 6 100    100 
Profit and loss account 5,520    4,848 
Shareholders funds 5,620    4,948 
 


For the year ended 31 May 2018 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 .The profit and loss account has not been delivered to the Registrar of Companies.

The directors have elected not to include the profit and loss account within the financial statements.
Signed on behalf of the board of directors


--------------------------------
Ian Parnell
Director

Date approved by the board: 28 February 2019
1
General Information
Listen Creative Limited is a private company, limited by shares , registered in England and Wales , registration number 08537454 , registration address Penny Lane Business Centre , 374 Smithdown Road , Liverpool , Merseyside , L15 5AN.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Plant and Machinery 25% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 June 2017 2,788    2,318    5,106 
Additions 958    5,978    6,936 
Disposals -    -    - 
At 31 May 2018 3,746    8,296    12,042 
Depreciation
At 01 June 2017 -    -    - 
Charge for year 1,566    1,972    3,538 
On disposals -    -    - 
At 31 May 2018 1,566    1,972    3,538 
Net book values
Closing balance as at 31 May 2018 2,180    6,324    8,504 
Opening balance as at 01 June 2017 3,466    -    3,466 


3.

Debtors: amounts falling due within one year

2018
£		   2017
£
Trade Debtors 43,990    60,914 
Prepayments & Accrued Income 1,555    0 
Other Debtors 63,265    53,360 
108,810    114,274 

4.

Creditors: amount falling due within one year

2018
£		   2017
£
Trade Creditors 38,426    25,343 
Bank Loans & Overdrafts 40,672    52,727 
Corporation Tax 8,724    29,775 
PAYE & Social Security 2,570    0 
Wages & Salaries Control Account 0    0 
VAT 7,799    38,696 
98,191    146,541 

5.

Creditors: amount falling due after more than one year

2018
£		   2017
£
Bank Loans & Overdrafts 0    12,200 
Obligations Under HP/Financial Leases 0    12,968 
Director Loan: Nik Davies 5,000    0 
Director Loan: Stuart Norris 5,000    0 
Director Loan: Ian Parnell 5,000    0 
15,000    25,168 

6.

Share Capital

Authorised
100 ORD shares of £1.00 each
Allotted
2018
£		   2017
£
100 ORD shares of £1.00 each 100    100 
100    100 

2