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FINANCIAL STATEMENTS FOR THE PERIOD 13 NOVEMBER 2017 TO 31 MARCH 2018 |
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FOURTH FLOOR CREATIVE LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE PERIOD 13 NOVEMBER 2017 TO 31 MARCH 2018 |
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FOR |
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FOURTH FLOOR CREATIVE LIMITED |
FOURTH FLOOR CREATIVE LIMITED (REGISTERED NUMBER: 11060430) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 13 NOVEMBER 2017 TO 31 MARCH 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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FOURTH FLOOR CREATIVE LIMITED |
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COMPANY INFORMATION |
for the Period 13 NOVEMBER 2017 TO 31 MARCH 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
and Statutory Auditor |
61 Queen Square |
Bristol |
BS1 4JZ |
FOURTH FLOOR CREATIVE LIMITED (REGISTERED NUMBER: 11060430) |
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BALANCE SHEET |
31 MARCH 2018 |
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Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
FOURTH FLOOR CREATIVE LIMITED (REGISTERED NUMBER: 11060430) |
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BALANCE SHEET - continued |
31 MARCH 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
signed on its behalf by: |
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FOURTH FLOOR CREATIVE LIMITED (REGISTERED NUMBER: 11060430) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Period 13 NOVEMBER 2017 TO 31 MARCH 2018 |
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1. | STATUTORY INFORMATION |
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Fourth Floor Creative Limited is a
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and Wales. The company's registered number and registered office address can be found |
on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax, except in |
respect of service contracts where turnover is recognised when a company obtains the right |
to consideration. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income |
Statement, except to the extent that it relates to items recognised in other comprehensive |
income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that |
have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in |
periods different from those in which they are recognised in financial statements. Deferred |
tax is measured using tax rates and laws that have been enacted or substantively enacted |
by the period end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it |
is probable that they will be recovered against the reversal of deferred tax liabilities or other |
future taxable profits. |
FOURTH FLOOR CREATIVE LIMITED (REGISTERED NUMBER: 11060430) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 13 NOVEMBER 2017 TO 31 MARCH 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Financial instruments |
Financial assets and liabilities are recognised in the balance sheet when the company |
becomes party to the contractual provisions of the instrument. |
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Trade and other debtors and creditors are classified as basic financial instruments and are |
measured on initial recognition at transaction price. Debtors and creditors are subsequently |
measured at amortised cost using the effective interest rate method. A provision is |
established when there is objective evidence that the company may not be able to collect all |
amounts due. |
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Cash and cash equivalents are classified as basic financial instruments and comprise cash |
in hand and at bank. |
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Financial liabilities and equity instruments issued by the company are classified in |
accordance with the substance of the contractual arrangements entered into and the |
definitions of a financial liability and an equity instrument. An equity instrument is any |
contract that evidences a residual interest in the assets of the company after deducting all |
of its liabilities. Equity instruments issued by the company are recorded at the proceeds |
received, net of any direct issue costs. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
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Prepayments and accrued income |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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VAT | 8,348 |
Other creditors |
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Directors' current accounts | 20,466 |
Accrued expenses |
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FOURTH FLOOR CREATIVE LIMITED (REGISTERED NUMBER: 11060430) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 13 NOVEMBER 2017 TO 31 MARCH 2018 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | £1 | 100 |
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period. |
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7. | RELATED PARTY DISCLOSURES |
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At the year end the company owed £30,000 to Yogscast Limited, a company in which L A |
Brindley and M C Turpin are directors and shareholders. |