Registered Number 04703970

2020 CREATIVE IMAGE LIMITED

Abbreviated Accounts

30 August 2014

2020 CREATIVE IMAGE LIMITED Registered Number 04703970

Abbreviated Balance Sheet as at 30 August 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 534 1,033
534 1,033
Current assets
Stocks 500 500
Cash at bank and in hand 15,295 17,758
15,795 18,258
Creditors: amounts falling due within one year (47,903) (47,674)
Net current assets (liabilities) (32,108) (29,416)
Total assets less current liabilities (31,574) (28,383)
Total net assets (liabilities) (31,574) (28,383)
Capital and reserves
Called up share capital 1 1
Profit and loss account (31,575) (28,384)
Shareholders' funds (31,574) (28,383)
  • For the year ending 30 August 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 March 2015

And signed on their behalf by:
Mr P Montgomery, Director

2020 CREATIVE IMAGE LIMITED Registered Number 04703970

Notes to the Abbreviated Accounts for the period ended 30 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings - 15% straight line

Valuation information and policy
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2Tangible fixed assets
£
Cost
At 31 August 2013 15,331
Additions -
Disposals -
Revaluations -
Transfers -
At 30 August 2014 15,331
Depreciation
At 31 August 2013 14,298
Charge for the year 499
On disposals -
At 30 August 2014 14,797
Net book values
At 30 August 2014 534
At 30 August 2013 1,033