The Co Creative (Lincoln) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10937667 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2019

for

The Co Creative (Lincoln) Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

O J Windle

W D Stokes

REGISTERED OFFICE:

5 Silver Street

First Floor (The Co-Creative)

Lincoln

LN2 1DY

REGISTERED NUMBER:

10937667 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of The Co Creative (Lincoln) Limited for the year ended 31 August 2019 which comprise the

Income Statement, 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 in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Co Creative (Lincoln) Limited, 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 The Co Creative (Lincoln) Limited and state those matters that we have agreed to state to the Board of Directors of The Co Creative (Lincoln) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Co Creative (Lincoln) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Co Creative (Lincoln) Limited 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 loss of The Co Creative (Lincoln) Limited. You consider that The Co Creative (Lincoln) Limited 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 The Co Creative (Lincoln) Limited. 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.

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

10 February 2020

FIXED ASSETS

Tangible assets

3

4,989

6,529

CURRENT ASSETS

Debtors

4

3,544

2,519

Cash at bank

442

1,047

3,986

3,566

CREDITORS

Amounts falling due within one year

5

6,054

4,476

NET CURRENT LIABILITIES

(2,068

)

(910

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,921

5,619

CREDITORS

Amounts falling due after more than one year

6

17,864

16,307

NET LIABILITIES

(14,943

)

(10,688

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(14,944

)

(10,689

)

SHAREHOLDERS' FUNDS

(14,943

)

(10,688

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 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 Board of Directors on 10 February 2020 and were signed on its behalf by:

W D Stokes - Director

1.	STATUTORY INFORMATION

The Co Creative (Lincoln) 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.

The accounts are prepared on a going concern basis which assumes that the director will continue to support

the Company. If this support was not to continue then this basis may not be appropriate, as at 31 August 2019

the company had net current liabilities of £2,068 (2018: £910)

Should the Company then not be able to continue trading, adjustments to the value of assets would be needed

to provide for any further liabilities which might arise and to reclassify fixed assets and long term liabilities as

current assets and liabilities.

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.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

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.

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 September 2018

and 31 August 2019

340

7,049

230

7,619

DEPRECIATION

At 1 September 2018

48

1,004

38

1,090

Charge for year

85

1,409

46

1,540

At 31 August 2019

133

2,413

84

2,630

NET BOOK VALUE

At 31 August 2019

207

4,636

146

4,989

At 31 August 2018

292

6,045

192

6,529

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

600

-

Other debtors

2,944

2,519

3,544

2,519

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

-

53

Other creditors

6,054

4,423

6,054

4,476

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other creditors

17,864

16,307

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1,000

Ordinary voting

£0.00

1

1

1