Company Registration No. 05571660 (England and Wales)
CREATIVE CAR PARK LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 MARCH 2015
CREATIVE CAR PARK LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
CREATIVE CAR PARK LIMITED
ABBREVIATED BALANCE SHEET
AS AT
29 MARCH 2015
29 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
62,358
101,290
Tangible assets
2
648,148
655,396
710,506
756,686
Current assets
Debtors
4,722,545
5,508,652
Cash at bank and in hand
6,204
20,118
4,728,749
5,528,770
Creditors: amounts falling due within one year
(2,265,598)
(5,417,085)
Net current assets
2,463,151
111,685
Total assets less current liabilities
3,173,657
868,371
Creditors: amounts falling due after more than one year
(1,660,091)
-
Provisions for liabilities
(94,675)
(83,095)
1,418,891
785,276
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
1,417,891
784,276
Shareholders' funds
1,418,891
785,276
CREATIVE CAR PARK LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
29 MARCH 2015
29 March 2015
- 2 -
For the financial year ended 29 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 16 December 2015
Creative Technologies and Systems Ltd
Director
Company Registration No. 05571660
CREATIVE CAR PARK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 MARCH 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Patents
Intellectual property are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% Reducing balance
Fixtures, fittings & equipment
15% Reducing balance
Motor vehicles
25% Reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 30 March 2014
389,320
1,474,913
1,864,233
Additions
-
118,516
118,516
At 29 March 2015
389,320
1,593,429
1,982,749
Depreciation
At 30 March 2014
288,030
819,517
1,107,547
Charge for the year
38,932
125,764
164,696
At 29 March 2015
326,962
945,281
1,272,243
Net book value
At 29 March 2015
62,358
648,148
710,506
At 29 March 2014
101,290
655,396
756,686
CREATIVE CAR PARK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 29 MARCH 2015
- 4 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
4
Ultimate parent company
The ultimate parent company is Creative Technologies and Systems Limited.