Abbreviated Company Accounts - KNIGHT CREATIVE LIMITED

KNIGHT CREATIVE LIMITED - Company Information

06200142 KNIGHT CREATIVE LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 06200142 2013-05-01 2014-04-30 06200142 2014-04-30 06200142 2013-04-30 06200142 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 06200142 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director3 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director3 2014-04-30 uk-gaap-cd-bus:Director3 2013-04-30 uk-gaap-cd-bus:Director4 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director4 2014-04-30 uk-gaap-cd-bus:Director4 2013-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-04-30 iso4217:GBP shares

Registered Number 06200142

KNIGHT CREATIVE LIMITED

Abbreviated Accounts

30 April 2014

KNIGHT CREATIVE LIMITED Registered Number 06200142

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	450	-
Tangible assets	3	1,815	1,309
		2,265	1,309
Current assets
Debtors		331,204	84,946
Cash at bank and in hand		9,621	127,795
		340,825	212,741
Prepayments and accrued income		7,065	-
Creditors: amounts falling due within one year		(205,040)	(112,706)
Net current assets (liabilities)		142,850	100,035
Total assets less current liabilities		145,115	101,344
Accruals and deferred income		(24,788)	(76,955)
Total net assets (liabilities)		120,327	24,389
Capital and reserves
Called up share capital	4	1,002	1,002
Profit and loss account		119,325	23,387
Shareholders' funds		120,327	24,389

For the year ending 30 April 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 January 2015

And signed on their behalf by:
Daniel Knight, Director
Robert Smith, Director

KNIGHT CREATIVE LIMITED Registered Number 06200142

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and
trade discounts.

2Intangible fixed assets

	£
Cost
At 1 May 2013	-
Additions	500
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	500
Amortisation
At 1 May 2013	-
Charge for the year	50
On disposals	-
At 30 April 2014	50
Net book values
At 30 April 2014	450
At 30 April 2013	-

Other intangible assets consist of web domains. It is amortised to profit and loss account over its estimated useful economic life of 10 years.

3Tangible fixed assets

	£
Cost
At 1 May 2013	3,988
Additions	3,626
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	7,614
Depreciation
At 1 May 2013	2,679
Charge for the year	3,120
On disposals	-
At 30 April 2014	5,799
Net book values
At 30 April 2014	1,815
At 30 April 2013	1,309

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 50% straight line
Computer Equipment 50% straight line

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000
2 B Ordinary shares of £1 each	2	2

5Transactions with directors

Name of director receiving advance or credit:	Daniel Knight
Description of the transaction:	Loan Advance
Balance at 1 May 2013:	-
Advances or credits made:	£ 61,677
Advances or credits repaid:	£ 23,198
Balance at 30 April 2014:	£ 38,479

Name of director receiving advance or credit:	Robert Smith
Description of the transaction:	Loan Advance
Balance at 1 May 2013:	-
Advances or credits made:	£ 58,204
Advances or credits repaid:	£ 25,255
Balance at 30 April 2014:	£ 32,949

At the year end Mr D Knight (a director of the company) owed the company £38,479.This was repaid within 9 months of the
year end.
At the year end Mr R Smith (a director of the company) owed the company £32,949. This was repaid within 9 months of the
year end.