PRE Creative Studios Limited - Limited company - abbreviated

REGISTERED NUMBER: 06778876 (England and Wales)

PRE CREATIVE STUDIOS LIMITED

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Stoneham

P McLoughlin

REGISTERED OFFICE:

Nightingale House

46-48 East Street

Epsom

Surrey

KT17 1HQ

REGISTERED NUMBER:

06778876 (England and Wales)

ACCOUNTANTS:

Tudor John LLP

Chartered Accountants

Nightingale House

46-48 East Street

Epsom

Surrey

KT17 1HQ

FIXED ASSETS

Tangible assets

2

1,171

2,662

CURRENT ASSETS

Debtors

3

22,729

39,109

Cash at bank

39,621

70,214

62,350

109,323

CREDITORS

Amounts falling due within one year

38,423

49,235

NET CURRENT ASSETS

23,927

60,088

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,098

62,750

CAPITAL AND RESERVES

Called up share capital

4

200

Profit and loss account

24,898

62,550

SHAREHOLDERS' FUNDS

25,098

62,750

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 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 12 June 2015 and were signed on its behalf by:

M Stoneham - Director

P McLoughlin - 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 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

-

33% on cost and 25% on reducing balance

DEFERRED TAX

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

14,537

DEPRECIATION

At 1 January 2014

11,875

Charge for year

1,491

At 31 December 2014

13,366

NET BOOK VALUE

At 31 December 2014

1,171

At 31 December 2013

2,662

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 0 (2013 - £ 3,495 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary

£1

100

A shares

£1

100

200

PRE Creative Studios Limited - Limited company - abbreviated - 11.6

PRE Creative Studios Limited - Limited company - abbreviated - 11.6