Napoleon Creative Limited - Period Ending 2016-03-31

Registration number: 05718467

Napoleon Creative Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Napoleon Creative Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Napoleon Creative Limited
(Registration number: 05718467)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					20,313			9,461
Current assets
Debtors					56,788			115,328
Cash at bank and in hand					7,653			23,978
					64,441			139,306
Creditors: Amounts falling due within one year					(45,149)			(137,152)
Net current assets					19,292			2,154
Total assets less current liabilities					39,605			11,615
Provisions for liabilities					(3,371)			(1,892)
Net assets					36,234			9,723
Capital and reserves
Called up share capital		3			10			10
Profit and loss account					36,224			9,713
Shareholders' funds					36,234			9,723

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act 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 .

Approved by the director on 7 October 2016

.........................................
G Ricketts
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Napoleon Creative Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the provision of services to customers during the year.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% on cost
Fixtures and fittings	25% on reducing balance
Computer equipment	33% on cost

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Napoleon Creative Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		38,234			38,234
Additions		20,602			20,602
At 31 March 2016		58,836			58,836
Depreciation
At 1 April 2015		28,773			28,773
Charge for the year		9,750			9,750
At 31 March 2016		38,523			38,523
Net book value
At 31 March 2016		20,313			20,313
At 31 March 2015		9,461			9,461

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary share of £1 each		10			10			10			10

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