Arrow Creative Marketing Solutions Limited |
|
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Arrow Creative Marketing Solutions Limited for the year ended 31 October 2015 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Arrow Creative Marketing Solutions Limited for the year ended 31 October 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
This report is made to the company's directors, in accordance with the terms of our engagement. Our work has been undertaken to enable us to prepare the financial statements on behalf of the company's directors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors, for our work or for this report. |
We have carried out this engagement in accordance with best practice guidance issued by the Institute of Chartered Accountants of Scotland and have complied with ethical guidance laid down by the Institute relating to members undertaking the preparation of financial statements. |
You have acknowledged on the Balance Sheet as at 31 October 2015 your duty to ensure that the company had kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that Arrow Creative Marketing Solutions Ltd is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements. |
|
MacLennan Accountants Ltd |
Chartered Accountants |
35 Torview |
Contin |
Strathpeffer |
Ross-shire |
IV14 9EF |
|
30 March 2016 |
|
Arrow Creative Marketing Solutions Limited
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Registered number: |
SC274386
|
Abbreviated Balance Sheet |
as at 31 October 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
18,886 |
|
|
6,101 |
|
Current assets |
Debtors |
|
|
4,711 |
|
|
6,252 |
Cash at bank and in hand |
|
|
8,661 |
|
|
7,781 |
|
|
|
13,372 |
|
|
14,033 |
|
Creditors: amounts falling due within one year |
|
|
(27,346) |
|
|
(16,443) |
|
Net current liabilities |
|
|
|
(13,974) |
|
|
(2,410) |
|
Total assets less current liabilities |
|
|
|
4,912 |
|
|
3,691 |
|
|
Provisions for liabilities |
|
|
|
(3,731) |
|
|
(1,035) |
|
|
Net assets |
|
|
|
1,181 |
|
|
2,656 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
1 |
|
|
1 |
Profit and loss account |
|
|
|
1,180 |
|
|
2,655 |
|
Shareholders' funds |
|
|
|
1,181 |
|
|
2,656 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
Mr R Ritchie |
Director |
Approved by the board on 30 March 2016
|
|
Arrow Creative Marketing Solutions Limited
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Notes to the Abbreviated Accounts |
for the year ended 31 October 2015
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
|
|
Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Fixtures & Fittings |
25% reducing balance
|
|
Computer Equipment |
25% reducing balance
|
|
Computer Equipment |
25% reducing balance |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2014 |
17,606 |
|
Additions |
19,003 |
|
At 31 October 2015 |
36,609 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2014 |
11,505 |
|
Charge for the year |
6,218 |
|
At 31 October 2015 |
17,723 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2015 |
18,886 |
|
At 31 October 2014 |
6,101 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
- |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|