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Company Registration No. 9862141 (England and Wales)
Rowan (Creative Marketing) Limited Unaudited accounts for the year ended 31 December 2017
Rowan (Creative Marketing) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Rowan (Creative Marketing) Limited Company Information for the year ended 31 December 2017
Directors
Mr A R Gleaves Ms S J Norris
Secretary
Mr A R Gleaves
Company Number
9862141 (England and Wales)
Registered Office
Chowley 5 Chowley Oak Lane Tattenhall Chester CH3 9GA
Accountants
My Tax Point 12 Nicholas Street Chester Cheshire CH1 2NX
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Rowan (Creative Marketing) Limited Statement of financial position as at 31 December 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
11,848 
19,914 
Current assets
Debtors
5
70,920 
72,163 
Cash at bank and in hand
37,352 
17,569 
108,272 
89,732 
Creditors: amounts falling due within one year
6
(85,037)
(82,637)
Net current assets
23,235 
7,095 
Total assets less current liabilities
35,083 
27,009 
Provisions for liabilities
Deferred tax
(2,251)
(1,099)
Net assets
32,832 
25,910 
Capital and reserves
Called up share capital
124,335 
88,000 
Profit and loss account
(91,503)
(62,090)
Shareholders' funds
32,832 
25,910 
For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 17 September 2018.
Ms S J Norris Director Company Registration No. 9862141
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Rowan (Creative Marketing) Limited Notes to the Accounts for the year ended 31 December 2017
1
Statutory information
Rowan (Creative Marketing) Limited is a private company, limited by shares, registered in England and Wales, registration number 9862141. The registered office is Chowley 5 Chowley Oak Lane, Tattenhall, Chester, CH3 9GA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33.3% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Rowan (Creative Marketing) Limited Notes to the Accounts for the year ended 31 December 2017
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2017
25,411 
Additions
606 
At 31 December 2017
26,017 
Depreciation
At 1 January 2017
5,497 
Charge for the year
8,672 
At 31 December 2017
14,169 
Net book value
At 31 December 2017
11,848 
At 31 December 2016
19,914 
5
Debtors
2017 
2016 
£ 
£ 
Trade debtors
60,041 
59,387 
Accrued income and prepayments
9,379 
5,190 
Other debtors
1,500 
7,586 
70,920 
72,163 
6
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
19,896 
38,595 
Taxes and social security
30,224 
16,984 
Loans from directors
20,000 
- 
Accruals
5,817 
27,058 
Deferred income
9,100 
- 
85,037 
82,637 
7
Operating lease commitments
2017 
2016 
£ 
£ 
At 31 December 2017 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
15,204 
- 
Within two to five years
- 
30,408 
15,204 
30,408 
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Rowan (Creative Marketing) Limited Notes to the Accounts for the year ended 31 December 2017
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr A R Gleaves
Loan
- 
5,000 
3,500 
1,500 
- 
5,000 
3,500 
1,500 
The loan was unsecured and interest free.
9
Transactions with related parties
A director loaned to the company £20,000 in the year which was outstanding at the year end and is repayable on demand.
10
Average number of employees
During the year the average number of employees was 8 (2016: 9).
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