Clearwater Images Limited - Limited company - abbreviated

REGISTERED NUMBER: 02898769 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 28 February 2014

for

Clearwater Images Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTORS:

S A Dacre MBA

N J Heaton FCA

F W Warburton LLB

R J Rigby

SECRETARY:

N J Heaton FCA

REGISTERED OFFICE:

9 Great Chesterford Court

London Road

Great Chesterford

Essex

CB10 1PF

REGISTERED NUMBER:

02898769 (England and Wales)

ACCOUNTANTS:

Lanham and Company Limited

Chartered Accountants

9 Great Chesterford Court

London Road

Great Chesterford

Essex

CB10 1PF

FIXED ASSETS

Tangible assets

2

-

47

CURRENT ASSETS

Cash at bank

1,365

513

CREDITORS

Amounts falling due within one year

13,841

NET CURRENT LIABILITIES

(12,476

)

(13,328

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,476

)

(13,281

)

CAPITAL AND RESERVES

Called up share capital

3

1,226

Other reserves

28,774

Profit and loss account

(42,476

)

(43,281

)

SHAREHOLDERS' FUNDS

(12,476

)

(13,281

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 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 Board of Directors on 20 November 2014 and were signed on its behalf
by:

S A Dacre MBA - Director

1.	ACCOUNTING POLICIES

Going concern

The accounts have been prepared on the going concern basis and the future of the company relies upon the

support of its directors and bankers.

No value has been attached to the stock of archive film footage held by the company as although it has continued

to be marketed no offers have been received.

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 April 2008).

Turnover

Turnover represents net invoiced sales of services, 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.

Fixtures and fittings

-

25% on reducing balance

Deferred tax

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

balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that

it is more likely than not they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

and 28 February 2014

3,928

DEPRECIATION

At 1 March 2013

3,881

Charge for year

47

At 28 February 2014

3,928

NET BOOK VALUE

At 28 February 2014

-

At 28 February 2013

47

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.14

28.2.13

value:

£

1,226

Ordinary

£1

1,226

4.	RELATED PARTY DISCLOSURES

S A Dacre MBA

Included in trade creditors is an amount owed to S A Dacre's consultancy business.

28.2.14

28.2.13

£

Amount due to related party at the balance sheet date

5,666

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Clearwater Images Limited for the year ended 28 February 2014 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Clearwater Images Limited, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

Clearwater Images Limited and state those matters that we have agreed to state to the Board of Directors of Clearwater

Images Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the

fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its

Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Clearwater Images Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clearwater

Images Limited. You consider that Clearwater Images Limited is exempt from the statutory audit requirement for the

year.

We have not been instructed to carry out an audit or a review of the financial statements of Clearwater Images Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lanham and Company Limited

Chartered Accountants

9 Great Chesterford Court

London Road

Great Chesterford

Essex

CB10 1PF

24 November 2014

Clearwater Images Limited - Limited company - abbreviated - 11.6

Clearwater Images Limited - Limited company - abbreviated - 11.6