Abbreviated Company Accounts - ITM CREATIVE LIMITED

ITM CREATIVE LIMITED - Company Information

08775947 ITM CREATIVE LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true 08775947 2015-11-01 2016-10-31 08775947 2016-10-31 08775947 2015-10-31 08775947 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 08775947 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-10-31 iso4217:GBP shares

Registered Number 08775947

ITM CREATIVE LIMITED

Abbreviated Accounts

31 October 2016

ITM CREATIVE LIMITED Registered Number 08775947

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	14,684	22,026
Tangible assets	3	1,687	23,492
		16,371	45,518
Current assets
Debtors		45,688	45,661
Cash at bank and in hand		16,050	13,747
		61,738	59,408
Prepayments and accrued income		2,575	2,575
Creditors: amounts falling due within one year		(75,335)	(101,234)
Net current assets (liabilities)		(11,022)	(39,251)
Total assets less current liabilities		5,349	6,267
Accruals and deferred income		(2,496)	(3,416)
Total net assets (liabilities)		2,853	2,851
Capital and reserves
Called up share capital	4	110	110
Profit and loss account		2,743	2,741
Shareholders' funds		2,853	2,851

For the year ending 31 October 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 directors acknowledge their 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 Board on 14 March 2017

And signed on their behalf by:
A J Gerrard, Director

ITM CREATIVE LIMITED Registered Number 08775947

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company’s ordinary activities.

Tangible assets depreciation policy
Fixtures, fittings and equipment - 25% straight line
Motor vehicles - 25% reducing balance

2Intangible fixed assets

	£
Cost
At 1 November 2015	36,710
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	36,710
Amortisation
At 1 November 2015	14,684
Charge for the year	7,342
On disposals	-
At 31 October 2016	22,026
Net book values
At 31 October 2016	14,684
At 31 October 2015	22,026

3Tangible fixed assets

	£
Cost
At 1 November 2015	34,018
Additions	-
Disposals	(18,444)
Revaluations	-
Transfers	-
At 31 October 2016	15,574
Depreciation
At 1 November 2015	10,526
Charge for the year	3,361
On disposals	-
At 31 October 2016	13,887
Net book values
At 31 October 2016	1,687
At 31 October 2015	23,492

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100
10 B Ordinary shares of £1 each	10	10