Walledge Creative Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05076174

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2014

for

Walledge Creative Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Ms C C Prait

REGISTERED OFFICE:

12a Marlborough Place

BRIGHTON

East Sussex

BN1 1WN

REGISTERED NUMBER:

05076174

ACCOUNTANTS:

Ghiaci Goodhand Smith Limited

12a Marlborough Place

BRIGHTON

East Sussex

BN1 1WN

FIXED ASSETS

Tangible assets

2

2,222

3,862

CURRENT ASSETS

Stocks

1,400

2,000

Debtors

13,025

16,014

Cash at bank

4,897

4,850

19,322

22,864

CREDITORS

Amounts falling due within one year

4,087

12,075

NET CURRENT ASSETS

15,235

10,789

TOTAL ASSETS LESS CURRENT LIABILITIES

17,457

14,651

PROVISIONS FOR LIABILITIES

133

213

NET ASSETS

17,324

14,438

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

17,323

14,437

SHAREHOLDERS' FUNDS

17,324

14,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 director on 27 March 2015 and were signed by:

Ms C C Prait - Director

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 services, 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.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

30,519

DEPRECIATION

At 1 July 2013

26,657

Charge for year

1,640

At 30 June 2014

28,297

NET BOOK VALUE

At 30 June 2014

2,222

At 30 June 2013

3,862

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

1

Ordinary

£1

1

1