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

REGISTERED NUMBER: 07073722 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2019

FOR

CREATIVE HOTSPOT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A J Cornwell

REGISTERED OFFICE:

C/o Percy Westhead & Company

1 Booth Street

Manchester

Lancashire

M2 4AD

REGISTERED NUMBER:

07073722 (England and Wales)

ACCOUNTANTS:

Percy Westhead & Company

Chartered Accountants

Greg's Buildings

1 Booth Street

Manchester

M2 4AD

FIXED ASSETS

Tangible assets

4

662

1,126

CURRENT ASSETS

Debtors

5

7,941

13,359

Cash at bank

26,371

7,640

34,312

20,999

CREDITORS

Amounts falling due within one year

6

34,536

21,817

NET CURRENT LIABILITIES

(224

)

(818

)

TOTAL ASSETS LESS CURRENT LIABILITIES

438

308

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

437

307

SHAREHOLDERS' FUNDS

438

308

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

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 28th February 2020 and were signed by:

A J Cornwell - Director

1.	STATUTORY INFORMATION

Creative Hotspot Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents the total invoice value, excluding value added tax, of sales made during the year and derives

from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets

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

Fixtures & equipment

-

25% on cost

Going concern

The company has net current liabilities of £224 at 31 May 2019. The director of the company has undertaken to

offer financial support to the company for the foreseeable future and considers that the company has the required

facilities to meet its obligations as they fall due. The accounts have therefore been prepared on a going concern

basis.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

& equipment

£

COST

At 1st June 2018

and 31st May 2019

10,836

DEPRECIATION

At 1st June 2018

9,710

Charge for year

464

At 31st May 2019

10,174

NET BOOK VALUE

At 31st May 2019

662

At 31st May 2018

1,126

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

247

5,794

Directors' current accounts

5,944

5,815

Prepayments and accrued income

1,750

1,750

7,941

13,359

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

420

-

Corporation tax

19,333

8,621

Social security and other taxes

-

106

VAT

8,760

8,217

Other creditors

4,143

4,523

Accrued expenses

1,880

350

34,536

21,817

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2019 and

31st May 2018:

2019

2018

£

£

A J Cornwell

Balance outstanding at start of year

5,815

2,239

Amounts advanced

5,944

5,815

Amounts repaid

(5,815

)

(2,239

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,944

5,815

These advances are unsecured, repayable on demand and attract interest at 2.5%.