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REGISTERED NUMBER: 06839578 (England and Wales)









Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

FREESTONE CREATIVE LIMITED

FREESTONE CREATIVE LIMITED (REGISTERED NUMBER: 06839578)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

FREESTONE CREATIVE LIMITED

Company Information
for the Year Ended 31 March 2015







DIRECTORS: S J Freestone
Mrs W Freestone





REGISTERED OFFICE: The Old Pump House
Calverton Road
Stony Stratford
Buckinghamshire
MK11 1YT





REGISTERED NUMBER: 06839578 (England and Wales)





ACCOUNTANTS: ANTHISTLE CRAVEN
Moreton House
31 High Street
Buckingham
Buckinghamshire
MK18 1NU

FREESTONE CREATIVE LIMITED (REGISTERED NUMBER: 06839578)

Abbreviated Balance Sheet
31 March 2015

31.3.15 31.3.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 1,323,530 1,411,765
Tangible assets 3 126,602 146,813
1,450,132 1,558,578

CURRENT ASSETS
Stocks 81,889 57,128
Debtors 341,307 454,148
Cash at bank and in hand 901,413 620,918
1,324,609 1,132,194
CREDITORS
Amounts falling due within one year 1,602,027 1,568,160
NET CURRENT LIABILITIES (277,418 ) (435,966 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,172,714

1,122,612

PROVISIONS FOR LIABILITIES 15,237 17,647
NET ASSETS 1,157,477 1,104,965

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 1,157,377 1,104,865
SHAREHOLDERS' FUNDS 1,157,477 1,104,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

FREESTONE CREATIVE LIMITED (REGISTERED NUMBER: 06839578)

Abbreviated Balance Sheet - continued
31 March 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 17 August 2015 and were signed on its behalf by:





S J Freestone - Director


FREESTONE CREATIVE LIMITED (REGISTERED NUMBER: 06839578)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - Straight line over 6 years
Fixtures and fittings - Straight line over 6 years
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 1,500,000
AMORTISATION
At 1 April 2014 88,235
Amortisation for year 88,235
At 31 March 2015 176,470
NET BOOK VALUE

At 31 March 2015 1,323,530
At 31 March 2014 1,411,765

FREESTONE CREATIVE LIMITED (REGISTERED NUMBER: 06839578)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 267,063
Additions 33,303
Disposals (19,444 )
At 31 March 2015 280,922
DEPRECIATION
At 1 April 2014 120,250
Charge for year 46,915
Eliminated on disposal (12,845 )
At 31 March 2015 154,320
NET BOOK VALUE
At 31 March 2015 126,602
At 31 March 2014 146,813

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.15 31.3.14
value: £    £   
100 Ordinary £1 100 100