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LAKE CREATIVE LIMITED




Company Registration Number:
06729161 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st November 2013

End date: 31st October 2014

SUBMITTED

LAKE CREATIVE LIMITED

Company Information
for the Period Ended 31st October 2014




Director: Mr Andrew Spilsbury
Registered office: Lakeside Southill Cornbury Park
Charlbury
Chipping Norton
Oxfordshire
OX7 3EW
Company Registration Number: 06729161 (England and Wales)

LAKE CREATIVE LIMITED

Abbreviated Balance sheet
As at 31st October 2014

Notes 2014
£		 2013
£
Fixed assets
Intangible assets: 5 10,000 12,000
Tangible assets: 6 12,286 13,454
Total fixed assets: 22,286 25,454
Current assets
Stocks: 54,135 35,935
Debtors: 7 232,058 187,158
Cash at bank and in hand: 22,280 73,058
Total current assets: 308,473 296,151
Creditors
Creditors: amounts falling due within one year 8 149,980 141,032
Net current assets (liabilities): 158,493 155,119
Total assets less current liabilities: 180,779 180,573
Total net assets (liabilities): 180,779 180,573

The notes form part of these financial statements

LAKE CREATIVE LIMITED

Abbreviated Balance sheet
As at 31st October 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 10 100 100
Profit and Loss account: 180,679 180,473
Total shareholders funds: 180,779 180,573

For the year ending 31 October 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 16 January 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mr Andrew Spilsbury
Status: Director

The notes form part of these financial statements

LAKE CREATIVE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board.

    Turnover policy

    Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

    Tangible fixed assets depreciation policy

    Fixtures & fittings 15% RB, Computer equipment 25% straight line

    Intangible fixed assets amortisation policy

    Acquired goodwill is written off in equal annual installments over its estimated useful economic life of 10 years.

    Valuation information and policy

    Work in progress is valued at the lower of cost and net realisable value.

LAKE CREATIVE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2014

  • 5. Intangible assets

    Total
    Cost £
    At 01st November 2013: 70,000
    70,000
    Amortisation £
    At 01st November 2013: 58,000
    Provided during the period: 2,000
    At 31st October 2014: 60,000
    Net book value £
    At 31st October 2014: 10,000
    At 31st October 2013: 12,000

LAKE CREATIVE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2014

  • 6. Tangible assets

    Total
    Cost £
    At 01st November 2013: 29,908
    Additions: 3,699
    At 31st October 2014: 33,607
    Depreciation
    At 01st November 2013: 16,454
    Charge for year: 4,867
    At 31st October 2014: 21,321
    Net book value
    At 31st October 2014: 12,286
    At 31st October 2013: 13,454

LAKE CREATIVE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2014

  • 7. Debtors

    2014
    £     		2013
    £
    Trade debtors: 219,725 170,493
    Other debtors: 4,273 4,273
    Prepayments and accrued income: 8,060 12,392
    Total: 232,058 187,158

LAKE CREATIVE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2014

  • 8. Creditors: amounts falling due within one year

    2014
    £     		2013
    £
    Trade creditors: 31,795 20,673
    Taxation and social security: 30,701 32,199
    Accruals and deferred income: 87,484 85,425
    Other creditors: - 2,735
    Total: 149,980 141,032

LAKE CREATIVE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2014

  • 10. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100