Abbreviated Company Accounts - ARTERY-CREA LIMITED

ARTERY-CREA LIMITED - Company Information

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Registered Number 06729432

ARTERY-CREA LIMITED

Abbreviated Accounts

31 October 2014

ARTERY-CREA LIMITED Registered Number 06729432

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	289	1,290
		289	1,290
Current assets
Debtors		16,086	-
Cash at bank and in hand		-	18,617
		16,086	18,617
Creditors: amounts falling due within one year		(1,788)	(2,423)
Net current assets (liabilities)		14,298	16,194
Total assets less current liabilities		14,587	17,484
Total net assets (liabilities)		14,587	17,484
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		14,586	17,483
Shareholders' funds		14,587	17,484

For the year ending 31 October 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 23 July 2015

And signed on their behalf by:
J Carcano, Director

ARTERY-CREA LIMITED Registered Number 06729432

Notes to the Abbreviated Accounts for the period ended 31 October 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 represents the fair value of goods and services provided, excluding value added tax, during the year.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings - 33% straight line basis per annum

Other accounting policies
Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 November 2013	8,402
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	8,402
Depreciation
At 1 November 2013	7,112
Charge for the year	1,001
On disposals	-
At 31 October 2014	8,113
Net book values
At 31 October 2014	289
At 31 October 2013	1,290

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1

4Transactions with directors

Name of director receiving advance or credit:	J Carcano
Description of the transaction:	See additional information below
Balance at 1 November 2013:	£ 1
Advances or credits made:	-
Advances or credits repaid:	£ 1
Balance at 31 October 2014:	£ 0

The company was under the control of the director throughout the current and previous year.
During the year the company provided the director with a loan, amount outstanding at the balance sheet date £15,608 (2013 - the director provided the company with a loan the amount outstanding £415). This loan has been provided interest free and has no formal repayment terms.