Celebrities Worldwide Ltd - Limited company - abbreviated

REGISTERED NUMBER: 03950213 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

CELEBRITIES WORLDWIDE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C Nye

R B L Brecker

SECRETARY:

C Nye

REGISTERED OFFICE:

17 Hart Street

Maidstone

Kent

ME16 8RA

REGISTERED NUMBER:

03950213 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

17 Hart Street

Maidstone

Kent

ME16 8RA

FIXED ASSETS

Tangible assets

2

71

84

CURRENT ASSETS

Work in Progress

-

11

Debtors

4,681

8,107

Cash at bank

49,168

48,294

53,849

56,412

CREDITORS

Amounts falling due within one year

12,392

11,652

NET CURRENT ASSETS

41,457

44,760

TOTAL ASSETS LESS CURRENT
LIABILITIES

41,528

44,844

CREDITORS

Amounts falling due after more than one
year

6,000

NET ASSETS

35,528

38,844

CAPITAL AND RESERVES

Called up share capital

3

1,000

Share premium

149,708

Profit and loss account

(115,180

)

(111,864

)

SHAREHOLDERS' FUNDS

35,528

38,844

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 20 August 2015 and were signed on its behalf by:

C Nye - 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 comprises of fees received through website downloads, net of 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost and 15% on cost

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

Web site development costs

Web site development costs are written off in the year in which the expenditure is incurred.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

17,357

DEPRECIATION

At 1 January 2014

17,273

Charge for year

13

At 31 December 2014

17,286

NET BOOK VALUE

At 31 December 2014

71

At 31 December 2013

84

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

1,000

Ordinary

£1

1,000

4.	ULTIMATE CONTROLLING PARTY

The parent company is Upfront Television Limited who hold 75% of the share capital.

Ultimate controlling party are the directors of Upfront Television Limited.

Celebrities Worldwide Ltd - Limited company - abbreviated - 11.6

Celebrities Worldwide Ltd - Limited company - abbreviated - 11.6