PB Creative Ltd - Limited company - abbreviated

REGISTERED NUMBER: 07100788 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 APRIL 2014 TO 30 APRIL 2015

FOR

PB CREATIVE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P J Hayes

B Lambert

Mrs A K Hayes

Mrs L Lambert

REGISTERED OFFICE:

51 Clarkegrove Road

Sheffield

S10 2NH

REGISTERED NUMBER:

07100788 (England and Wales)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

51 Clarkegrove Road

Sheffield

South Yorkshire

S10 2NH

FIXED ASSETS

Tangible assets

2

43,608

32,540

CURRENT ASSETS

Debtors

573,778

506,373

Cash at bank and in hand

459,586

477,125

1,033,364

983,498

CREDITORS

Amounts falling due within one year

389,366

768,684

NET CURRENT ASSETS

643,998

214,814

TOTAL ASSETS LESS CURRENT
LIABILITIES

687,606

247,354

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

687,506

247,254

SHAREHOLDERS' FUNDS

687,606

247,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2015 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 7 December 2015 and were signed on its behalf by:

P J Hayes - 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

-

50% on cost and 25% on cost

Deferred tax

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

sheet date.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

54,597

Additions

40,993

At 30 April 2015

95,590

DEPRECIATION

At 1 April 2014

22,057

Charge for period

29,925

At 30 April 2015

51,982

NET BOOK VALUE

At 30 April 2015

43,608

At 31 March 2014

32,540

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

31.3.14

value:

£

100

Ordinary

100

4.	RELATED PARTY DISCLOSURES

During the period, total dividends of £20,000 were paid to the directors .

P J Hayes

30.4.15

31.3.14

£

Amount due to related party at the balance sheet date

4,185

6,512

B Lambert

30.4.15

31.3.14

£

Amount due to related party at the balance sheet date

7,884

10,211

5.	ULTIMATE CONTROLLING PARTY

The controlling party is the Directors acting in concert

PB Creative Ltd - Limited company - abbreviated - 11.9

PB Creative Ltd - Limited company - abbreviated - 11.9