Creative Aquatic Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08800589 (England and Wales)

Creative Aquatic Ltd

Unaudited Financial Statements for the Year Ended 30 June 2018

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Miss S C Benhayon

REGISTERED OFFICE:

Twin Oaks

6 Tytherington

Frome

Somerset

BA11 5BW

REGISTERED NUMBER:

08800589 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

TSB Bank Plc

25 Cheap Street

Frome

Somerset

BA11 1BW

FIXED ASSETS

Tangible assets

5

5,014

5,978

CURRENT ASSETS

Debtors

1,569

1,208

Cash at bank and in hand

56,090

32,695

57,659

33,903

CREDITORS

Amounts falling due within one year

26,019

28,892

NET CURRENT ASSETS

31,640

5,011

TOTAL ASSETS LESS CURRENT LIABILITIES

36,654

10,989

PROVISIONS FOR LIABILITIES

953

1,136

NET ASSETS

35,701

9,853

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

35,601

9,753

SHAREHOLDERS' FUNDS

35,701

9,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 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 Statement of Financial Position for the year ended 30 June 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 19 March 2019 and were signed by:

Miss S C Benhayon - Director

1.	STATUTORY INFORMATION

Creative Aquatic Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

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

-

33% on cost and 15% on reducing balance

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 statement of financial position date.

Deferred tax

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

statement of financial position 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 year 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2017

10,283

Additions

3,382

Disposals

(2,127

)

At 30 June 2018

11,538

DEPRECIATION

At 1 July 2017

4,305

Charge for year

2,219

At 30 June 2018

6,524

NET BOOK VALUE

At 30 June 2018

5,014

At 30 June 2017

5,978

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss S C Benhayon.