Creaction Limited - Limited company accounts 11.6

REGISTERED NUMBER: 02664962

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 30 April 2014

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 2014.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2013 to the date of this report.

J K McDonald

Mrs V B McDonald

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

to small companies.

ON BEHALF OF THE BOARD:

J K McDonald - Director

30 January 2015

TURNOVER

19,025

18,676

Cost of sales

2,562

2,349

GROSS PROFIT

16,463

16,327

Administrative expenses

17,845

15,936

OPERATING (LOSS)/PROFIT and

(LOSS)/PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION

2

(1,382

)

391

Tax on (loss)/profit on ordinary activities

3

-

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(1,382

)

391

FIXED ASSETS

Tangible assets

4

673

653

CURRENT ASSETS

Debtors

5

2,320

2,505

Cash at bank

3,237

3,187

5,557

5,692

CREDITORS

Amounts falling due within one year

6

4,273

3,006

NET CURRENT ASSETS

1,284

2,686

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,957

3,339

CAPITAL AND RESERVES

Called up share capital

7

2

Profit and loss account

8

1,955

3,337

SHAREHOLDERS' FUNDS

1,957

3,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 special 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 30 January 2015 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 goods, 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)/PROFIT

The operating loss (2013 - operating profit) is stated after charging:

30.4.14

30.4.13

£

Depreciation - owned assets

430

293

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 2014 nor for the year

ended 30 April 2013.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2013

7,693

Additions

450

At 30 April 2014

8,143

DEPRECIATION

At 1 May 2013

7,040

Charge for year

430

At 30 April 2014

7,470

NET BOOK VALUE

At 30 April 2014

673

At 30 April 2013

653

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.14

30.4.13

£

Trade debtors

1,326

542

Other debtors

994

1,963

2,320

2,505

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.14

30.4.13

£

Trade creditors

303

868

Other creditors

3,970

2,138

4,273

3,006

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

2

Ordinary

£1

2

8.

RESERVES

Profit

and loss

account

£

At 1 May 2013

3,337

Deficit for the year

(1,382

)

At 30 April 2014

1,955