Creative Services Limited - Accounts

Creative Services Limited - Accounts

CREATIVE SERVICES LIMITED - Company Information

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Registered Number : 02659878
England and Wales

 

 

 

CREATIVE SERVICES LIMITED


Abbreviated Accounts
 


Period of accounts

Start date: 01 January 2015

End date: 31 December 2015

Creative Services Limited
Contents Page
For the year ended 31 December 2015
As described in the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2015 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.




....................................................
Hawthorn Accountancy Solutions Limited
Sandringham House
1-3 Cemetery Road
Bridgend
CF31 1LY
12 August 2016

1
 
 		 Notes
 		 2015
£		   2014
£
Fixed assets      
Tangible fixed assets 2 18,419    827 
18,419    827 
Current assets      
Debtors 14,170    22,637 
Cash at bank and in hand (3,365)   (1,763)
10,805    20,874 
Creditors: amount falling due within one year (11,507)   (15,820)
Net current assets (702)   5,054 
Total assets less current liabilities 17,717    5,881 
Creditors: amount falling due more than one year (17,473)   (4,425)
Net assets 244    1,456 

Capital and reserves 		     
Called up share capital 3 89    89 
Profit and loss account 155    1,367 
Shareholders funds 244    1,456 


For the year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Signed on behalf of the board of directors


--------------------------------
Gene Thompson
Director

Date approved by the board: 12 August 2016
2
1.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment 25% Straight Line
Fixtures and Fittings 25% Straight Line
Motor Vehicles 25% Reducing Balance
Plant and Machinery 10% Straight Line

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.

Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

2.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 January 2015 32,921    10,000    5,474    39,321    87,716 
Additions -    19,500    -    -    19,500 
Disposals -    (10,000)   -    -    (10,000)
At 31 December 2015 32,921    19,500    5,474    39,321    97,216 
Depreciation
At 01 January 2015 32,921    10,000    4,959    39,008    86,888 
Charge for year -    1,625    188    96    1,909 
On disposals -    (10,000)   -    -    (10,000)
At 31 December 2015 32,921    1,625    5,147    39,104    78,797 
Net book values
At 31 December 2015 -    17,875    327    217    18,419 
At 01 January 2015 -    -    515    313    828 


3.

Share Capital

Allotted
2015
£		   2014
£
89 Class A shares of £1.00 each 89    89 
89    89 

3