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


Abridged Accounts
 


Period of accounts

Start date: 01 January 2016

End date: 31 December 2016

Creative Services Limited
Contents Page
For the year ended 31 December 2016
As described in the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 December 2016 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
14 June 2017
1
 
 		 Notes
 		 2016
£		   2015
£
Fixed assets      
Tangible fixed assets 2 13,666    18,419 
13,666    18,419 
Current assets      
Debtors 11,884    14,170 
Cash at bank and in hand (4,699)   (3,365)
7,185    10,805 
Creditors: amount falling due within one year (7,723)   (11,507)
Net current assets (538)   (702)
Total assets less current liabilities 13,128    17,717 
Creditors: amount falling due after more than one year (13,517)   (17,473)
Net assets (389)   244 

Capital and reserves 		     
Called up share capital 3 89    89 
Profit and loss account (478)   155 
Shareholders funds (389)   244 


For the year ended 31 December 2016 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.

The members have agreed to the preparation of abridged accounts.
Signed on behalf of the board of directors


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

Date approved by the board: 14 June 2017
2
Statutory Information
Creative Services Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 02659878.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
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.
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.
2.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 January 2016 32,921    19,500    5,474    39,321    97,216 
Additions -    -    -    -    - 
Disposals -    -    -    -    - 
At 31 December 2016 32,921    19,500    5,474    39,321    97,216 
Depreciation
At 01 January 2016 32,921    1,625    5,147    39,104    78,797 
Charge for year -    4,469    188    96    4,753 
On disposals -    -    -    -    - 
At 31 December 2016 32,921    6,094    5,335    39,200    83,550 
Net book values
At 31 December 2016 -    13,406    139    121    13,666 
At 31 December 2015 -    17,875    327    217    18,419 


3.

Share Capital

Allotted
2016
£		   2015
£
89 Class A shares of £1.00 each 89    89 
89    89 

3