City Creative Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04722148 (England and Wales)

Financial Statements for the Year Ended 30 June 2019

for

City Creative Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S J Howell

SECRETARY:

Mrs S Kentsley Howell

REGISTERED OFFICE:

Unit 8 Finway Road

Hemel Hempstead

Hertfordshire

HP2 7PT

REGISTERED NUMBER:

04722148 (England and Wales)

ACCOUNTANTS:

Mansfield & Co Chartered Accountants

55 Kentish Town Road

Camden Town

London

NW1 8NX

FIXED ASSETS

Tangible assets

4

6,266

35,705

CURRENT ASSETS

Debtors

5

83,808

103,993

Cash at bank and in hand

361,808

443,787

445,616

547,780

CREDITORS

Amounts falling due within one year

6

129,088

252,357

NET CURRENT ASSETS

316,528

295,423

TOTAL ASSETS LESS CURRENT LIABILITIES

322,794

331,128

CAPITAL AND RESERVES

Called up share capital

1,300

1,300

Retained earnings

321,494

329,828

SHAREHOLDERS' FUNDS

322,794

331,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 30 June 2020 and were signed by:

S J Howell - Director

1.	STATUTORY INFORMATION

City Creative 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2018

137,245

Additions

4,010

Disposals

(105,274

)

At 30 June 2019

35,981

DEPRECIATION

At 1 July 2018

101,540

Charge for year

14,262

Eliminated on disposal

(86,087

)

At 30 June 2019

29,715

NET BOOK VALUE

At 30 June 2019

6,266

At 30 June 2018

35,705

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade debtors

68,532

83,216

Other debtors

15,276

20,777

83,808

103,993

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade creditors

98,545

219,145

Taxation and social security

17,983

25,680

Other creditors

12,560

7,532

129,088

252,357

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £49,300 were paid to the directors .

During the year the company traded with a company with a common director. The company made sales of £3,010

(2018 : £37,154) and purchases of £105,725 (2018 : £134,689) from that company. The net balance due to that

company as at 30 June 2018 was £44,005 (2018 : £89,050).

8.	ULTIMATE CONTROLLING PARTY

The controlling party is S J Howell.