Pure Creative Management Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07062493 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2013

for

Pure Creative Management Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Ms S J Rudd

REGISTERED OFFICE:

119 The Hub

300 Kensal Road

London

W10 5BE

REGISTERED NUMBER:

07062493 (England and Wales)

ACCOUNTANT:

Hilton Consulting Limited

119 The Hub

300 Kensal Road

London

W10 5BE

FIXED ASSETS

Intangible assets

2

60,000

63,750

Tangible assets

3

11,494

9,892

71,494

73,642

CURRENT ASSETS

Stocks

4,863

-

Debtors

290,072

177,412

Cash at bank

53,673

89,828

348,608

267,240

CREDITORS

Amounts falling due within one year

418,757

308,161

NET CURRENT LIABILITIES

(70,149

)

(40,921

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,345

32,721

CREDITORS

Amounts falling due after more than one year

-

62,766

NET ASSETS/(LIABILITIES)

1,345

(30,045

)

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

1,344

(30,046

)

SHAREHOLDERS' FUNDS

1,345

(30,045

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 28 July 2014 and were signed by:

S Rudd - Director

1.	ACCOUNTING POLICIES

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 goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2012

and 31 October 2013

75,000

AMORTISATION

At 1 November 2012

11,250

Amortisation for year

3,750

At 31 October 2013

15,000

NET BOOK VALUE

At 31 October 2013

60,000

At 31 October 2012

63,750

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2012

17,523

Additions

4,475

At 31 October 2013

21,998

DEPRECIATION

At 1 November 2012

7,631

Charge for year

2,873

At 31 October 2013

10,504

NET BOOK VALUE

At 31 October 2013

11,494

At 31 October 2012

9,892

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.13

31.10.12

value:

£

£

1

Ordinary

£1

1

1

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2013 and

31 October 2012:

31.10.13

31.10.12

£

£

Ms S J Rudd

Balance outstanding at start of year

-

11,002

Amounts advanced

112,343

-

Amounts repaid

-

(11,002

)

Balance outstanding at end of year

112,343

-

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by S Rudd, the director and shareholder of the company.