Aboud Creative Limited

		2014		2013
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	2		39,001		48,565

			39,001		48,565
CURRENT ASSETS
Debtors	3	354,258		247,131
Cash at bank and in hand		-		822

		354,258		247,953
Creditors: Amounts Falling Due Within One Year		(379,510)		(290,934)

NET CURRENT ASSETS (LIABILITIES)			(25,252)		(42,981)

TOTAL ASSETS LESS CURRENT LIABILITIES			13,749		5,584

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(4,367)

NET ASSETS			13,749		1,217

CAPITAL AND RESERVES
Called up share capital	4		100		100
Profit and Loss account			13,649		1,117

SHAREHOLDERS' FUNDS			13,749		1,217

For the year ending 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

On behalf of the board

Mr Alan Aboud

22/12/2014

Accounting Policies

Basis of Preparation of Financial Statements

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

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

Deferred Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

Tangible Assets


	Total
Cost	£
As at 1 April 2013	184,075
Additions	3,436

As at 31 March 2014	187,511

Depreciation
As at 1 April 2013	135,510
Provided during the period	13,000

As at 31 March 2014	148,510

Net Book Value
As at 31 March 2014	39,001

As at 1 April 2013	48,565

Debtors

Debtors include an amount of £ 5,615 (2013 - £ 4,615 ) falling due after more than one year.

Page 3

Aboud Creative Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 March 2014

Share Capital

	Value	Number	2014	2013
Allotted, called up and fully paid:	£		£	£
Ordinary shares	1.000	100	100	100