PONT_CREATIVE_LIMITED - Accounts

STUDIO PONT LIMITED - Company Information

Print Friendly Version

Company Registration No. 07679709 (England and Wales)

PONT CREATIVE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

PONT CREATIVE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PONT CREATIVE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,856

2,524

Current assets

Debtors

11,358

13,435

Cash at bank and in hand

2,008

11,358

15,443

Creditors: amounts falling due within one year

(13,461)

(16,866)

Net current liabilities

(2,103)

(1,423)

Total assets less current liabilities

(247)

1,101

Capital and reserves

Called up share capital

100

Profit and loss account

(347)

1,001

Shareholders' funds

(247)

1,101

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 March 2017

Mr M Pont

Director

Company Registration No. 07679709

PONT CREATIVE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of any trade discounts. The company is not VAT registered.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% on the reducing balance

Fixed assets

Tangible assets

Cost

At 1 July 2015 & at 30 June 2016

5,008

Depreciation

At 1 July 2015

2,485

Charge for the year

667

At 30 June 2016

3,152

Net book value

At 30 June 2016

1,856

At 30 June 2015

2,524

Share capital

2016

2015

Allotted, called up and fully paid

100 ordinary shares of £1 each

100

PONT CREATIVE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Transactions with directors

At the year end the director owed the company £5,688 (2015: £5,288). This has been cleared in full within nine months of the year end by way of dividends and salary.