Joshua G Rice Creative Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08150921 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2018

for

Joshua G Rice Creative Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J G Rice

REGISTERED OFFICE:

71 St Dunstans Road

London

W7 2EY

REGISTERED NUMBER:

08150921 (England and Wales)

ACCOUNTANTS:

ABEL Associates

Chartered Accountants

North London Business Park

Oakleigh Road South

London

N11 1GN

CURRENT ASSETS

Cash at bank

1,652

6,587

CREDITORS

Amounts falling due within one year

5

19,076

16,828

NET CURRENT LIABILITIES

(17,424

)

(10,241

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,424

)

(10,241

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(17,425

)

(10,242

)

SHAREHOLDERS' FUNDS

(17,424

)

(10,241

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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.

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 27 April 2019 and were signed by:

J G Rice - Director

1.	STATUTORY INFORMATION

Joshua G Rice Creative 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the invoiced value of services provided, excluding value added tax.. Revenues are

recognised at the point of invoice.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

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.

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 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.

Going concern

The financial statements have been prepared on the presumption that the company is, and continues to be a going

concern. The director has continued to financially support the business as necessary, and this is expected to

continue until the company becomes consistently profitable and cash flow positive.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 August 2017

and 31 July 2018

500

2,099

2,599

DEPRECIATION

At 1 August 2017

and 31 July 2018

500

2,099

2,599

NET BOOK VALUE

At 31 July 2018

-

At 31 July 2017

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

Directors' current accounts

18,576

16,828

Accrued expenses

500

-

19,076

16,828

6.	ULTIMATE CONTROLLING PARTY

Mr J Rice controls the company through his 100% shareholding.

Joshua G Rice Creative Limited - Accounts to registrar (filleted) - small 18.2

Joshua G Rice Creative Limited - Accounts to registrar (filleted) - small 18.2