D.W. Creative Framing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02642529 (England and Wales)

Financial Statements

for the Period 1 October 2016 to 29 September 2017

for

D.W. Creative Framing Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D M Miles

REGISTERED OFFICE:

70 Chapel Ash

Wolverhampton

West Midlands

WV3 0TT

REGISTERED NUMBER:

02642529 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,839

3,676

CURRENT ASSETS

Stocks

30,000

30,000

Debtors

16,002

13,743

Cash at bank

2,585

3,886

48,587

47,629

CREDITORS

Amounts falling due within one year

203,222

186,955

NET CURRENT LIABILITIES

(154,635

)

(139,326

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(152,796

)

(135,650

)

CREDITORS

Amounts falling due after more than one year

8,167

10,375

NET LIABILITIES

(160,963

)

(146,025

)

CAPITAL AND RESERVES

Called up share capital

5

15,000

15,000

Capital redemption reserve

5,000

5,000

Retained earnings

(180,963

)

(166,025

)

SHAREHOLDERS' FUNDS

(160,963

)

(146,025

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 September 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 29 September 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 22 September 2018 and were signed by:

Mr D M Miles - Director

1.	STATUTORY INFORMATION

D.W. Creative Framing 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the period ended 29th September 2017 are the first that are prepared in

accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS

105, the date of transition to FRS 102 Section 1A is 1st October 2015.

Turnover

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

value added tax and other sales taxes.

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

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period 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.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 period was 4 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2016

and 29 September 2017

38,474

DEPRECIATION

At 1 October 2016

34,798

Charge for period

1,837

At 29 September 2017

36,635

NET BOOK VALUE

At 29 September 2017

1,839

At 30 September 2016

3,676

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.9.17

30.9.16

value:

£

£

15,000

Ordinary Shares

£1

15,000

15,000

6.	GOING CONCERN

The financial statements have been prepared on a going concern based upon the continued financial support of

the director.