Registration number:
Bevan Creative Limited
for the Year Ended 31 May 2018
2nd Floor The Port House
Port Solent Marina
Portsmouth
Hampshire
PO6 4TH
Bevan Creative Limited
Contents
Company Information |
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Director's Report |
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Accountants' Report |
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Balance Sheet |
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Notes to the Financial Statements |
Bevan Creative Limited
Company Information
Director |
Mr Conor Bevan |
Registered office |
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Accountants |
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Page 1 |
Bevan Creative Limited
Director's Report for the Year Ended 31 May 2018
The director presents his report and the financial statements for the year ended 31 May 2018.
This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Director of the company
The director who held office during the year was as follows:
Going concern
The financial statements have been prepared on a going concern basis.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
.........................................
Mr Conor Bevan
Director
Page 2 |
Chartered Accountants' Report to the Director on the Preparation of the
Unaudited Statutory Accounts of Bevan Creative Limited
for the Year Ended 31 May 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bevan Creative Limited for the year ended 31 May 2018 as set out on pages 4 to 6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Bevan Creative Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Bevan Creative Limited and state those matters that we have agreed to state to the Board of Directors of Bevan Creative Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bevan Creative Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Bevan Creative Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bevan Creative Limited. You consider that Bevan Creative Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Bevan Creative Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Port Solent Marina
Portsmouth
Hampshire
PO6 4TH
Date:.............................
Page 3 |
Bevan Creative Limited
(Registration number: 10180340)
Balance Sheet as at 31 May 2018
2018 |
2017 |
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Fixed assets |
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Current assets |
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Creditors: Amounts falling due within one year |
( |
( |
Net current assets |
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Total assets less current liabilities |
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Accruals and deferred income |
- |
( |
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Capital and reserves |
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Page 4 |
Bevan Creative Limited
(Registration number: 10180340)
Balance Sheet as at 31 May 2018
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
For the financial year ending 31 May 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
.........................................
Mr Conor Bevan
Director
Page 5 |
Bevan Creative Limited
Notes to the Financial Statements for the Year Ended 31 May 2018
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
Accounting Policies |
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Computer Equipment |
2-3 Years Straight Line |
Prior period adjustments
Due to an administrative error, turnover and staff costs totalling £2,781 and £1, respectively, were understated in the 2016 accounts. In addition, trade debtors, Value Added Tax (ACT) and corporation tax totalling £3,370, £589 and £551, respectively, were also understated in the 2016 accounts. There were several other insignificant differences that were amended in the 2017 financial statements resulting in a net decrease of £1 to business expenses and an increase of £1 to fixed assets. The impact of the restatement to the comparative 2016 Profit and Loss Account resulted in an increase in taxation of £551 and profit for the year of £2,231. The impact of the restatement to the comparative 2016 Balance Sheet resulted in a £2,231 decrease in both net assets and capital and reserves.
Related party transactions |
Transactions with director |
2018 |
At 1 June 2017 |
Advances to director |
At 31 May 2018 |
Mr Conor Bevan |
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Interest free loan |
(587) |
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2017 |
Repayments by director |
At 31 May 2017 |
Mr Conor Bevan |
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Interest free loan |
( |
( |
Page 6 |