Creaction Limited - Limited company accounts 16.1

REGISTERED NUMBER: 02664962

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 30 April 2015

for

Creaction Limited

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

J K McDonald

Mrs V B McDonald

SECRETARY:

J K McDonald

REGISTERED OFFICE:

3 Wey Court

Mary Road

Guildford

Surrey

GU1 4QU

REGISTERED NUMBER:

02664962

ACCOUNTANTS:

A.J. Bennewith & Co.

3 Wey Court

Mary Road

Guildford

Surrey

GU1 4QU

The directors present their report with the financial statements of the company for the year ended 30 April 2015.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2014 to the date of this report.

J K McDonald

Mrs V B McDonald

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

J K McDonald - Director

20 July 2016

TURNOVER

14,595

19,025

Cost of sales

-

2,562

GROSS PROFIT

14,595

16,463

Administrative expenses

14,692

17,845

OPERATING LOSS and

LOSS ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

(97

)

(1,382

)

Tax on loss on ordinary activities

3

-

LOSS FOR THE FINANCIAL YEAR

(97

)

(1,382

)

FIXED ASSETS

Tangible assets

4

646

673

CURRENT ASSETS

Debtors

5

3,932

2,320

Cash at bank

749

3,237

4,681

5,557

CREDITORS

Amounts falling due within one year

6

3,467

4,273

NET CURRENT ASSETS

1,214

1,284

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,860

1,957

CAPITAL AND RESERVES

Called up share capital

7

2

Profit and loss account

8

1,858

1,955

SHAREHOLDERS' FUNDS

1,860

1,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 20 July 2016 and were signed on its behalf by:

J K McDonald - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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

-

Straight line over 3 years and 20% on reducing balance

Deferred tax

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

sheet date.

2.	OPERATING LOSS

The operating loss is stated after charging:

30.4.15

30.4.14

£

Depreciation - owned assets

323

430

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 30 April 2015 nor for the year

ended 30 April 2014.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2014

8,143

Additions

296

At 30 April 2015

8,439

DEPRECIATION

At 1 May 2014

7,470

Charge for year

323

At 30 April 2015

7,793

NET BOOK VALUE

At 30 April 2015

646

At 30 April 2014

673

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.15

30.4.14

£

Trade debtors

2,330

1,326

Other debtors

1,602

994

3,932

2,320

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.15

30.4.14

£

Trade creditors

-

303

Other creditors

3,467

3,970

3,467

4,273

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

2

Ordinary

£1

2

8.

RESERVES

Profit

and loss

account

£

At 1 May 2014

1,955

Deficit for the year

(97

)

At 30 April 2015

1,858