Company Registration No. 07302510 (England and Wales)
Creative Barcode
Unaudited accounts
for the year ended 31 July 2017
Creative Barcode
Unaudited accounts
Contents
Creative Barcode
Company Information
for the year ended 31 July 2017
Directors
Maxine Jayne Horn
Paul Daniel Mellor
Bruce James Renfrew
Stephen Christopher West
Company Number
07302510 (England and Wales)
Registered Office
6 Blenheim Place
Brighton
East Sussex
BN1 4AE
United Kingdom
Accountants
Accounts and Legal Consultants Limited
Grand Union House
20 Kentish Town Road
London
NW1 9NX
Creative Barcode
Statement of financial position
as at 31 July 2017
Cash at bank and in hand
395
1,120
Creditors: amounts falling due within one year
(3,060)
(2,455)
Net current liabilities
(2,578)
(1,261)
Net (liabilities)/assets
(2,293)
423
Profit and loss account
(2,293)
423
For the year ending 31 July 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 9 April 2018.
Maxine Jayne Horn
Director
Company Registration No. 07302510
Creative Barcode
Notes to the Accounts
for the year ended 31 July 2017
Creative Barcode is a private company, limited by guarantee, registered in England and Wales, registration number 07302510. The registered office is 6 Blenheim Place, Brighton, East Sussex, BN1 4AE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight line basis over 3 years
Other tangible fixed assets
Straight line basis over 4 years
The going concern basis is considered to be appropriate as the company is dependent upon the support of its directors.
The directors have indicated that their support will continue for the foreseeable future. If this assumption proves to be inappropriate, then adjustments may have to be made to adjust the value of assets to their recoverable amount, to provide for any further liabilities which might arise and reclassify fixed assets as current assets.
Creative Barcode
Notes to the Accounts
for the year ended 31 July 2017
4
Tangible fixed assets
Computer equipment
6
Creditors: amounts falling due within one year
2017
2016
Loans from directors
1,905
1,905
7
Company limited by guarantee
The company is a private company limited by guarantee and consequently does not have share capital. Each of the
members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of
liquidation.
8
Average number of employees
During the year the average number of employees was 0 (2016: 0).
