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REGISTERED NUMBER:
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ABSOLUTE CREATIVE MEDIA LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 DECEMBER 2017 TO 31 DECEMBER 2018 |
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REGISTERED NUMBER:
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ABSOLUTE CREATIVE MEDIA LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 DECEMBER 2017 TO 31 DECEMBER 2018 |
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ABSOLUTE CREATIVE MEDIA LIMITED (REGISTERED NUMBER: 07453798) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 1 December 2017 to 31 December 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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ABSOLUTE CREATIVE MEDIA LIMITED |
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COMPANY INFORMATION |
for the Period 1 December 2017 to 31 December 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Weltech Centre, |
Ridgeway |
Welwyn Garden City |
Hertfordshire |
AL7 2AA |
ABSOLUTE CREATIVE MEDIA LIMITED (REGISTERED NUMBER: 07453798) |
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BALANCE SHEET |
31 December 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his 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. |
ABSOLUTE CREATIVE MEDIA LIMITED (REGISTERED NUMBER: 07453798) |
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BALANCE SHEET - continued |
31 December 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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ABSOLUTE CREATIVE MEDIA LIMITED (REGISTERED NUMBER: 07453798) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Period 1 December 2017 to 31 December 2018 |
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1. | STATUTORY INFORMATION |
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Absolute Creative Media Limited is a
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specified/Other. The company's registered number and registered office address can be found on the |
Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on a going concern basis and the director has |
confirmed his support. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Revenue is recognised on completion and invoicing of a project. |
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Tangible fixed assets |
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Computer equipment | - |
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Tangible fixed assets are stated at cost less accumulated depreciation and any recognised |
impairment loss. |
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The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful |
economic lives and residual values of the assets. The useful economic lives and residual values are |
reassessed annually. They are amended when necessary to reflect current estimates, future |
investments and the physical condition of the assets. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
ABSOLUTE CREATIVE MEDIA LIMITED (REGISTERED NUMBER: 07453798) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 December 2017 to 31 December 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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 period end and that |
are expected to apply to the reversal of the timing difference. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 December 2017 |
and 31 December 2018 |
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DEPRECIATION |
At 1 December 2017 |
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Charge for period |
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At 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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At 30 November 2017 |
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ABSOLUTE CREATIVE MEDIA LIMITED (REGISTERED NUMBER: 07453798) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 December 2017 to 31 December 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary | 1 | 100 | 100 |