Pure Creation Multimedia Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07696919 (England and Wales)

Abbreviated Accounts for the Year Ended 31 July 2016

for

Pure Creation Multimedia Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R N Sutherland

SECRETARY:

REGISTERED OFFICE:

3rd Floor

20 Bedford Street

Covent Garden

London

WC2E 9HP

REGISTERED NUMBER:

07696919 (England and Wales)

ACCOUNTANTS:

MGM Accountancy Limited

Chartered Certified Accountants

3rd Floor

20 Bedford Street

Covent Garden

London

WC2E 9HP

FIXED ASSETS

Tangible assets

2

-

80

CURRENT ASSETS

Debtors

3,003

5,540

Cash at bank

257

6

3,260

5,546

CREDITORS

Amounts falling due within one year

5,629

8,311

NET CURRENT LIABILITIES

(2,369

)

(2,765

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,369

)

(2,685

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(2,469

)

(2,785

)

SHAREHOLDERS' FUNDS

(2,369

)

(2,685

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27 April 2017 and were signed by:

R N Sutherland - Director

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).

The financial statements have been prepared on a going concern basis which assumes that the company will continue in

operational existence for the foreseeable future. The validity of the assumption depends upon the financial support of the

company's creditors.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Deferred tax

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

date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

400

DEPRECIATION

At 1 August 2015

320

Charge for year

80

At 31 July 2016

400

NET BOOK VALUE

At 31 July 2016

-

At 31 July 2015

80

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

100

Ordinary

1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2016 and 31 July 2015:

31.7.16

31.7.15

£

R N Sutherland

Balance outstanding at start of year

4,482

-

Amounts advanced

4,226

7,887

Amounts repaid

(6,763

)

(3,405

)

Balance outstanding at end of year

1,945

4,482

At the year end the director Mr R Sutherland had an overdrawn loan account totalling some £1,945 (2015: £4,482). This was

repaid within 9 months of the year end.