Create It Support Limited - Limited company accounts 11.9

REGISTERED NUMBER: 08594398 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 June 2015

for

Create It Support Limited

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

W N Cogley

Create Group Holdings Limited

REGISTERED OFFICE:

The West Wing

1,Glass Quay

Temple Quay

Bristol

BS2 0EL

REGISTERED NUMBER:

08594398 (England and Wales)

ACCOUNTANTS:

Create Accountancy Solutions Limited

The West Wing

I Glass Wharf

Bristol

BS2 0EL

The directors present their report with the financial statements of the company for the year ended 30 June 2015.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 July 2014 to the date of this report.

W N Cogley

Create Group Holdings Limited

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

W N Cogley - Director

11 March 2016

TURNOVER

27,409

74,911

Cost of sales

10,044

40,617

GROSS PROFIT

17,365

34,294

Administrative expenses

98,313

71,676

OPERATING LOSS and

LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION

2

(80,948

)

(37,382

)

Tax on loss on ordinary activities

3

-

-

LOSS FOR THE FINANCIAL YEAR

(80,948

)

(37,382

)

CURRENT ASSETS

Debtors

4

(8,911

)

5,588

Cash at bank and in hand

49

1,239

(8,862

)

6,827

CREDITORS

Amounts falling due within one year

5

109,368

44,109

NET CURRENT LIABILITIES

(118,230

)

(37,282

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(118,230

)

(37,282

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Profit and loss account

7

(118,330

)

(37,382

)

SHAREHOLDERS' FUNDS

(118,230

)

(37,282

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 11 March 2016 and were signed on its behalf by:

W N Cogley - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These accounts have been prepared on a going concern basis.The company is dependent on the continued

support of its directors.

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.

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	OPERATING LOSS

The operating loss is stated after charging:

Period

2.7.13

Year Ended

to

30.6.15

30.6.14

£

£

Pension costs

207

-

Directors' remuneration and other benefits etc

-

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 30 June 2015 nor for the

period ended 30 June 2014.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.15

30.6.14

£

£

Trade debtors

(12,205

)

2,561

Other debtors

3,294

3,027

(8,911

)

5,588

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.15

30.6.14

£

£

Trade creditors

94,405

32,594

Taxation and social security

9,053

2,159

Other creditors

5,910

9,356

109,368

44,109

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

100

Share capital 1

1

100

100

7.

RESERVES

Profit

and loss

account

£

At 1 July 2014

(37,382

)

Deficit for the year

(80,948

)

At 30 June 2015

(118,330

)