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REGISTERED NUMBER: 06839578 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2017

for

FREESTONE CREATIVE LIMITED

FREESTONE CREATIVE LIMITED (REGISTERED NUMBER: 06839578)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FREESTONE CREATIVE LIMITED

Company Information
for the Year Ended 31 March 2017







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)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,147,060 1,235,295
Tangible assets 5 87,296 118,484
1,234,356 1,353,779

CURRENT ASSETS
Stocks 95,500 106,369
Debtors 6 358,733 498,320
Cash at bank and in hand 829,343 734,399
1,283,576 1,339,088
CREDITORS
Amounts falling due within one year 7 1,089,840 1,399,814
NET CURRENT ASSETS/(LIABILITIES) 193,736 (60,726 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,428,092

1,293,053

PROVISIONS FOR LIABILITIES 7,890 12,600
NET ASSETS 1,420,202 1,280,453

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,420,102 1,280,353
SHAREHOLDERS' FUNDS 1,420,202 1,280,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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)

Balance Sheet - continued
31 March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15 September 2017 and were signed on its behalf
by:





S J Freestone - Director


FREESTONE CREATIVE LIMITED (REGISTERED NUMBER: 06839578)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Freestone Creative Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Changes in accounting policies
These financial statements for the year ended 31st March 2017 are the first financial statements that comply with
FRS 102 Section 1A small entities. The date of transition is 1st April 2016.

The transition to FRS 102 Section 1A small entities has resulted in no changes to accounting policies.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.


FREESTONE CREATIVE LIMITED (REGISTERED NUMBER: 06839578)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2016
and 31 March 2017 1,500,000
AMORTISATION
At 1 April 2016 264,705
Charge for year 88,235
At 31 March 2017 352,940
NET BOOK VALUE
At 31 March 2017 1,147,060
At 31 March 2016 1,235,295

FREESTONE CREATIVE LIMITED (REGISTERED NUMBER: 06839578)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2016 173,278 31,003 85,991 290,272
Additions 6,868 671 - 7,539
At 31 March 2017 180,146 31,674 85,991 297,811
DEPRECIATION
At 1 April 2016 111,255 15,160 45,373 171,788
Charge for year 23,742 4,831 10,154 38,727
At 31 March 2017 134,997 19,991 55,527 210,515
NET BOOK VALUE
At 31 March 2017 45,149 11,683 30,464 87,296
At 31 March 2016 62,023 15,843 40,618 118,484

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 347,483 481,643
Other debtors 11,250 16,677
358,733 498,320

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade creditors 219,547 318,988
Taxation and social security 103,821 135,726
Other creditors 766,472 945,100
1,089,840 1,399,814

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

An interest free loan to the company from the director Mr S J Freestone for the amount of £234.894 subsisted at
31st March 2017. This amount is included within creditors. There are no sets terms for repayment.

An interest free loan to the company from the director Mrs W Freestone for the amount of £458,007 subsisted at
31st March 2017. This amount is included within creditors.There are no sets terms for repayment.

9. ULTIMATE CONTROLLING PARTY

The controlling party is S J Freestone.