For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07193863
A B Creative Limited
For the year ended 31 March 2015
1
Balance Sheet
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Notes to the Abbreviated Financial Statements
| Notes to the Abbreviated Financial Statements |
A B Creative Limited
For the year ended 31 March 2015
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Fixtures and Fittings
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| Notes to the Abbreviated Financial Statements |
A B Creative Limited
For the year ended 31 March 2015
2,347
640
2,987
1,377
402
Charge for year
1,779
1,208
970
| Allotted called up and fully paid |
2015
2014
| 1 Ordinary shares of £1.00 each |
1
1
1
1
A J Brenchley
Directors loan
2,455
10,400
12,150
884
179
2,455
10,400
12,150
884
179
| The directors loan was unsecured and repayable on demand. Interest was paid on the overdrawn loan account at the rate of 3.25%. |
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