Clear Blue Creative Ltd - Accounts to registrar - small 17.1.1

Clear Blue Creative Ltd - Accounts to registrar - small 17.1.1

VEBU LTD - Company Information

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REGISTERED NUMBER: 06277320 (England and Wales)















Financial Statements

for the Year Ended 31 December 2016

for

Clear Blue Creative Ltd

Clear Blue Creative Ltd (Registered number: 06277320)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Clear Blue Creative Ltd

Company Information
for the Year Ended 31 December 2016







DIRECTORS: M Gardner
G S Gardner





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 06277320 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA
Page 1
Clear Blue Creative Ltd (Registered number: 06277320)

Statement of Financial Position
31 December 2016

31/12/16 31/12/15
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 4,098 9,751

CURRENT ASSETS
Debtors 6 65,347 40,251
Cash at bank - 89
65,347 40,340
CREDITORS
Amounts falling due within one year 7 (65,214 ) (47,481 )
NET CURRENT ASSETS/(LIABILITIES) 133 (7,141 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,231
2,610

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,131 2,510
SHAREHOLDERS' FUNDS 4,231 2,610

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

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

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 June 2017 and were signed on its behalf by:





M Gardner - Director


The notes form part of these financial statements

Page 2
Clear Blue Creative Ltd (Registered number: 06277320)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Clear Blue Creative Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

Page 3 continued...
Clear Blue Creative Ltd (Registered number: 06277320)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 January 2016 3,478 34,192 37,670
Additions - 1,457 1,457
At 31 December 2016 3,478 35,649 39,127
Depreciation
At 1 January 2016 3,478 24,441 27,919
Charge for year - 7,110 7,110
At 31 December 2016 3,478 31,551 35,029
Net book value
At 31 December 2016 - 4,098 4,098
At 31 December 2015 - 9,751 9,751

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/16 31/12/15
£    £   
Trade debtors 65,347 29,881
Other debtors - 10,370
65,347 40,251

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/16 31/12/15
£    £   
Bank loans and overdrafts 159 16,236
Trade creditors 11,225 1,986
Taxation and social security 29,904 27,476
Other creditors 23,926 1,783
65,214 47,481

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the director repaid the loan of £10,370 to the company, there was no outstanding loan balance at
31 December 2016.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Gardner.

Page 4