Creative Concern Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04582786 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

CREATIVE CONCERN LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

20,552

28,937

CURRENT ASSETS

Debtors

5

242,696

203,777

Cash in hand

303,169

183,587

545,865

387,364

CREDITORS

Amounts falling due within one year

6

241,344

148,202

NET CURRENT ASSETS

304,521

239,162

TOTAL ASSETS LESS CURRENT LIABILITIES

325,073

268,099

PROVISIONS FOR LIABILITIES

3,497

5,001

NET ASSETS

321,576

263,098

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

321,476

262,998

SHAREHOLDERS' FUNDS

321,576

263,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 10 April 2019 and were signed on its behalf by:

S Connor - Director

C Dessent - Director

1.	STATUTORY INFORMATION

Creative Concern Limited is a private company, limited by shares, registered in England and Wales.

The company's registered number is 04582786, and the registered office address is Fourways House, 57 Hilton

Street, Manchester M1 2EJ.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Computer software has been fully amortised in the current year.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except

to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2017 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

150,115

Additions

7,227

Disposals

(6,126

)

At 31 December 2018

151,216

DEPRECIATION

At 1 January 2018

121,178

Charge for year

15,612

Eliminated on disposal

(6,126

)

At 31 December 2018

130,664

NET BOOK VALUE

At 31 December 2018

20,552

At 31 December 2017

28,937

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

219,006

166,074

Other debtors

23,690

37,703

242,696

203,777

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

20,150

10,298

Taxation and social security

120,965

99,046

Other creditors

100,229

38,858

241,344

148,202

7.	OTHER FINANCIAL COMMITMENTS

Operating lease commitments not included in the balance sheet amount to £9,528 (2017: £38,112).