Lakeside Creatives Limited - Abbreviated accounts 16.1

Lakeside Creatives Limited - Abbreviated accounts 16.1

LAKESIDE CREATIVES LIMITED - Company Information

Print Friendly Version

07484956 1.10.14 30.9.15 30.9.15 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 Ordinary A 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure074849562014-09-30074849562015-09-30074849562014-10-012015-09-30074849562013-09-30074849562013-10-012014-09-30074849562014-09-3007484956ns12:England2014-10-012015-09-3007484956ns14:PoundSterling2014-10-012015-09-3007484956ns7:Director12014-10-012015-09-3007484956ns7:OrdinaryShareClass12014-10-012015-09-3007484956ns7:OrdinaryShareClass22014-10-012015-09-3007484956ns7:Director22014-10-012015-09-3007484956ns7:RegisteredOffice2014-10-012015-09-3007484956ns7:EntityAccountantsOrAuditors2014-10-012015-09-3007484956ns5:NetGoodwill2014-10-012015-09-3007484956ns5:FixturesFittings2014-10-012015-09-3007484956ns7:OrdinaryShareClass12015-09-3007484956ns7:OrdinaryShareClass12014-09-3007484956ns7:OrdinaryShareClass22015-09-3007484956ns7:OrdinaryShareClass22014-09-30
REGISTERED NUMBER: 07484956 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

LAKESIDE CREATIVES LIMITED

LAKESIDE CREATIVES LIMITED (REGISTERED NUMBER: 07484956)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

LAKESIDE CREATIVES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2015







DIRECTORS: A P Smith
B D Robinson





REGISTERED OFFICE: Office 102
19 Lever Street
Manchester
M1 1AN





REGISTERED NUMBER: 07484956 (England and Wales)





ACCOUNTANTS: Tree Accountancy Limited
Chartered Certified Accountants
5th Floor
The Margolis Building
37 Turner Street
Manchester
M4 1DW
Page 1
LAKESIDE CREATIVES LIMITED (REGISTERED NUMBER: 07484956)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2015

30.9.15 30.9.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 121,468 36,000
Tangible assets 3 66,312 -
187,780 36,000

CURRENT ASSETS
Debtors 366,498 385,901
Cash at bank and in hand 582,407 736,429
948,905 1,122,330
CREDITORS
Amounts falling due within one year 830,642 971,865
NET CURRENT ASSETS 118,263 150,465
TOTAL ASSETS LESS CURRENT
LIABILITIES
306,043
186,465

CAPITAL AND RESERVES
Called up share capital 4 402 400
Profit and loss account 305,641 186,065
SHAREHOLDERS' FUNDS 306,043 186,465

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 30 June 2016 and were signed on its behalf by:





A P Smith - Director


The notes form part of these abbreviated accounts

Page 2
LAKESIDE CREATIVES LIMITED (REGISTERED NUMBER: 07484956)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015


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 January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

The useful life was previously ten years however the directors felt that it should be changed to twenty years.

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 - 20% 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014 60,000
Additions 93,124
At 30 September 2015 153,124
AMORTISATION
At 1 October 2014 24,000
Amortisation for year 7,656
At 30 September 2015 31,656
NET BOOK VALUE

At 30 September 2015 121,468
At 30 September 2014 36,000

3. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 66,312
At 30 September 2015 66,312
NET BOOK VALUE
At 30 September 2015 66,312

Page 3 continued...
LAKESIDE CREATIVES LIMITED (REGISTERED NUMBER: 07484956)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2015


4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.15 30.9.14
value: £    £   
400 Ordinary 1 400 400
2 Ordinary A 1 2 -
402 400

2 Ordinary A shares of 1 each were allotted and fully paid for cash at par during the year.

5. EXCEPTIONAL ITEMS

These relate to donations of £12,692 made during the year.

Page 4