Second City Creative Ltd - Limited company - abbreviated - 11.6

Second City Creative Ltd - Limited company - abbreviated - 11.6

SECOND CITY CREATIVE LTD. - Company Information

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REGISTERED NUMBER: SC268248 (Scotland)












Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Second City Creative Ltd

Second City Creative Ltd (Registered number: SC268248)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Accountants' Report 6

Second City Creative Ltd

Company Information
for the Year Ended 31 December 2014







DIRECTORS: R Main
J T Hatfield





SECRETARY: Mrs P M Hatfield





REGISTERED OFFICE: 19 Waterloo Street
Glasgow
G2 6AY





REGISTERED NUMBER: SC268248 (Scotland)





ACCOUNTANTS: McLellan Harris & Co.
Waterloo Chambers
19 Waterloo Street
Glasgow
G2 6AY
Page 1
Second City Creative Ltd (Registered number: SC268248)

Abbreviated Balance Sheet
31 December 2014

31.12.14 31.12.13
Notes £    £   
FIXED ASSETS
Intangible assets 2 240,000 270,000
Tangible assets 3 8,722 16,673
248,722 286,673

CURRENT ASSETS
Debtors 35,925 35,958
Cash at bank 563 -
36,488 35,958
CREDITORS
Amounts falling due within one year (34,287 ) (40,498 )
NET CURRENT ASSETS/(LIABILITIES) 2,201 (4,540 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
250,923
282,133

CREDITORS
Amounts falling due after more than one
year
(7,625		 )
(11,041		 )
NET ASSETS 243,298 271,092

CAPITAL AND RESERVES
Called up share capital 4 100 100
Other reserves 240,000 270,000
Profit and loss account 3,198 992
SHAREHOLDERS' FUNDS 243,298 271,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 notes form part of these abbreviated accounts

Page 2 continued...
Second City Creative Ltd (Registered number: SC268248)

Abbreviated Balance Sheet - continued
31 December 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 9 March 2015 and were signed on its behalf by:




J T Hatfield - Director



R Main - Director


The notes form part of these abbreviated accounts

Page 3
Second City Creative Ltd (Registered number: SC268248)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Plant and machinery etc - 25% on cost

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

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014
and 31 December 2014 300,000
AMORTISATION
At 1 January 2014 30,000
Amortisation for year 30,000
At 31 December 2014 60,000
NET BOOK VALUE

At 31 December 2014 240,000
At 31 December 2013 270,000

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014
and 31 December 2014 36,627
DEPRECIATION
At 1 January 2014 19,954
Charge for year 7,951
At 31 December 2014 27,905
NET BOOK VALUE
At 31 December 2014 8,722
At 31 December 2013 16,673

Page 4 continued...
Second City Creative Ltd (Registered number: SC268248)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2014

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.14 31.12.13
value: £    £   
100 Ordinary £1 100 100

Page 5
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Second City Creative Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Second City Creative Ltd for the year ended 31 December 2014 which comprise the Profit and
Loss Account, the Balance Sheet, and the related notes 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 of Scotland, we are subject to its ethical and other
professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of Second City Creative Ltd, as a body, in accordance with our
terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of
Second City Creative Ltd and state those matters that we have agreed to state to the Board of Directors of Second City
Creative Ltd, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of
Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we
do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our
work or for this report.

It is your duty to ensure that Second City Creative Ltd has kept adequate accounting records and to prepare statutory
financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Second City
Creative Ltd. You consider that Second City Creative 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 financial statements of Second City Creative 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 financial statements.






McLellan Harris & Co.
Waterloo Chambers
19 Waterloo Street
Glasgow
G2 6AY


9 March 2015

This page does not form part of the abbreviated accounts

Page 6