Signature Creative Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07136142 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2019

for

Signature Creative Solutions Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C L Cox

REGISTERED OFFICE:

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

REGISTERED NUMBER:

07136142 (England and Wales)

ACCOUNTANTS:

Philip T. Chave & Co

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Tangible assets

4

1,426

2,226

CURRENT ASSETS

Debtors

11,760

7,204

Cash at bank

67,403

20,296

79,163

27,500

CREDITORS

Amounts falling due within one year

67,409

17,650

NET CURRENT ASSETS

11,754

9,850

TOTAL ASSETS LESS CURRENT LIABILITIES

13,180

12,076

PROVISIONS FOR LIABILITIES

5

271

423

NET ASSETS

12,909

11,653

CAPITAL AND RESERVES

Called up share capital

6

1,000

1,000

Retained earnings

7

11,909

10,653

SHAREHOLDERS' FUNDS

12,909

11,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 October 2019 and were signed by:

C L Cox - Director

1.	STATUTORY INFORMATION

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

The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets

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

Office equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2018

12,105

Disposals

(3,500

)

At 31 January 2019

8,605

DEPRECIATION

At 1 February 2018

9,879

Charge for year

538

Eliminated on disposal

(3,238

)

At 31 January 2019

7,179

NET BOOK VALUE

At 31 January 2019

1,426

At 31 January 2018

2,226

5.	PROVISIONS FOR LIABILITIES

31.1.19

31.1.18

£

£

Deferred tax

271

423

Deferred

tax

£

Balance at 1 February 2018

423

Provided during year

(152

)

Balance at 31 January 2019

271

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.19

31.1.18

value:

£

£

1,000

Ordinary

£1

1,000

1,000

7.

RESERVES

Retained

earnings

£

At 1 February 2018

10,653

Profit for the year

14,656

Dividends

(13,400

)

At 31 January 2019

11,909

8.	ULTIMATE CONTROLLING PARTY

The controlling party is C L Cox.