Ikkuna Creation Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06659538 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2017

for

Ikkuna Creation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms S J Champion

L J Rowlett

SECRETARY:

Mrs G A M Rowlett

REGISTERED OFFICE:

34 Ellesmere Road

Berkhamsted

Hertfordshire

HP4 2EU

REGISTERED NUMBER:

06659538 (England and Wales)

ACCOUNTANTS:

R A & D A Thompson

30 High Street

Leighton Buzzard

Bedfordshire

LU7 1EA

FIXED ASSETS

Intangible assets

4

13,000

16,000

CURRENT ASSETS

Debtors

5

9,334

5,519

Cash at bank

-

4,045

9,334

9,564

CREDITORS

Amounts falling due within one year

6

22,233

25,072

NET CURRENT LIABILITIES

(12,899

)

(15,508

)

TOTAL ASSETS LESS CURRENT LIABILITIES

101

492

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1

392

SHAREHOLDERS' FUNDS

101

492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 26 April 2018 and were signed on its behalf by:

L J Rowlett - Director

1.	STATUTORY INFORMATION

Ikkuna Creation Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2016

and 31 July 2017

30,000

AMORTISATION

At 1 August 2016

14,000

Charge for year

3,000

At 31 July 2017

17,000

NET BOOK VALUE

At 31 July 2017

13,000

At 31 July 2016

16,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Other debtors

9,334

5,519

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Bank loans and overdrafts

4,532

-

Trade creditors

1,330

1,801

Taxation and social security

15,448

20,337

Other creditors

923

2,934

22,233

25,072

7.	RELATED PARTY DISCLOSURES

Dividends are paid to the shareholders who are also the directors of the business.

During the year the company invoiced £6,470 to another company in which one of the directors holds

a 50% shareholding. This transactions were all on an arms length basis. There was no money

outstanding at the end of the year.

Included in other debtors is a loan to a company which is 50% owned by one of the shareholders. At

the year end the loan amounted to £6319