Creative Media Management Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03816049 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

Creative Media Management Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Miss J Fincham

SECRETARY:

Miss J Fincham

REGISTERED OFFICE:

61 St Dunstans Road

London

W7 2EY

REGISTERED NUMBER:

03816049 (England and Wales)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

FIXED ASSETS

Tangible assets

2

4,213

3,959

CURRENT ASSETS

Debtors

5,617

1,755

Cash at bank and in hand

132,155

52,288

137,772

54,043

CREDITORS

Amounts falling due within one year

109,096

57,373

NET CURRENT ASSETS/(LIABILITIES)

28,676

(3,330

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

32,889

629

PROVISIONS FOR LIABILITIES

630

533

NET ASSETS

32,259

96

CAPITAL AND RESERVES

Called up share capital

3

96

Profit and loss account

32,163

-

SHAREHOLDERS' FUNDS

32,259

96

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 January 2017 and were signed by:

Miss J Fincham - 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 January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Short leasehold

-

Over the term of the lease

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's accounts. Deferred tax is provided in full on

timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates

that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no

commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

34,458

Additions

3,190

At 30 April 2016

37,648

DEPRECIATION

At 1 May 2015

30,499

Charge for year

2,936

At 30 April 2016

33,435

NET BOOK VALUE

At 30 April 2016

4,213

At 30 April 2015

3,959

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

77

Ordinary

£1

77

15

A Ordinary

£1

15

4

B Ordinary

£1

4

96

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 30th April 2016 the company owed the director £6,327 (2015: £8,272).