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REGISTERED NUMBER: 06839578 (England and Wales)









Abbreviated Unaudited Accounts

for the Year Ended 31 March 2013

for

FREESTONE CREATIVE LTD.

FREESTONE CREATIVE LTD. (REGISTERED NUMBER: 06839578)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

FREESTONE CREATIVE LTD.

Company Information
for the Year Ended 31 March 2013







DIRECTORS: S J Freestone
Mrs W Freestone





SECRETARY: 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 LTD. (REGISTERED NUMBER: 06839578)

Abbreviated Balance Sheet
31 March 2013

31.3.13 31.3.12
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 1,500,000 1,500,000
Tangible assets 3 145,148 96,890
1,645,148 1,596,890

CURRENT ASSETS
Stocks 150,351 69,678
Debtors 519,932 753,049
Cash at bank and in hand 839,504 1,014,117
1,509,787 1,836,844
CREDITORS
Amounts falling due within one year 2,161,410 2,646,981
NET CURRENT LIABILITIES (651,623 ) (810,137 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

993,525

786,753

PROVISIONS FOR LIABILITIES 14,416 10,360
NET ASSETS 979,109 776,393

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 979,009 776,293
SHAREHOLDERS' FUNDS 979,109 776,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2013 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 LTD. (REGISTERED NUMBER: 06839578)

Abbreviated Balance Sheet - continued
31 March 2013


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 30 September 2013 and were signed on its behalf
by:





S J Freestone - Director


FREESTONE CREATIVE LTD. (REGISTERED NUMBER: 06839578)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2013

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 0, is being amortised evenly over its estimated useful life of nil 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 2012
and 31 March 2013 1,500,000
NET BOOK VALUE

At 31 March 2013 1,500,000
At 31 March 2012 1,500,000

FREESTONE CREATIVE LTD. (REGISTERED NUMBER: 06839578)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2013

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2012 142,798
Additions 120,465
Disposals (41,784 )
At 31 March 2013 221,479
DEPRECIATION
At 1 April 2012 45,908
Charge for year 42,005
Eliminated on disposal (11,582 )
At 31 March 2013 76,331
NET BOOK VALUE
At 31 March 2013 145,148
At 31 March 2012 96,890

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.13 31.3.12
value: £    £   
100 Ordinary £1 100 100

5. TRANSACTIONS WITH DIRECTORS

An interest free loan to the company from the director Mr S.J. Freestone for the amount of £563,594 subsisted at
31 March 2013. This amount is included in creditors.

An interest free loan to the company from the director Mrs W Freestone for the amount of £939,913 subsisted at
31 March 2013. This amount is included in creditors.