Company Registration No. 08478375 (England and Wales)
78CREATE LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
78CREATE LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
78CREATE LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
569
1,138
Current assets
Debtors
5,760
8,500
Cash at bank and in hand
10,458
9,105
16,218
17,605
Creditors: amounts falling due within one year
(11,161)
(11,086)
Net current assets
5,057
6,519
Total assets less current liabilities
5,626
7,657
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
5,526
7,557
Shareholders' funds
5,626
7,657
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges her 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 20 December 2015
L. McMahon
Director
Company Registration No. 08478375
78CREATE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
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
Turnover
Turnover represents amounts receivable for services during the year .
during the year
.
1.3
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
3 years straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014 & at 31 March 2015
1,707
Depreciation
At 1 April 2014
569
Charge for the year
569
At 31 March 2015
1,138
Net book value
At 31 March 2015
569
At 31 March 2014
1,138
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100
78CREATE LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
4
Related party relationships and transactions
Loan from director
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
L. McMahon -
-
1,636
3,932
-
1,636
3,932
1,636
3,932
-
1,636
3,932