Company Registration No. SC274386 (Scotland)
Arrow Creative Marketing Solutions Ltd
Abbreviated unaudited accounts
for the year ended 31 October 2016
Arrow Creative Marketing Solutions Ltd
Abbreviated Balance Sheet
as at
31 October 2016
Tangible assets
13,970
18,888
Cash at bank and in hand
11,525
8,662
Creditors: amounts falling due within one year
(25,185)
(27,373)
Net current liabilities
(10,964)
(14,048)
Total assets less current liabilities
3,006
4,840
Provisions for liabilities
(2,794)
(3,731)
Called up share capital
100
1
Profit and loss account
112
1,108
Total shareholders' funds
212
1,109
For the year ending 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 26 May 2017
Mr R Ritchie
Director
Company Registration No. SC274386
Arrow Creative Marketing Solutions Ltd
Notes to the Abbreviated Accounts
for the year ended 31 October 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Reducing balance
At 1 November 2015
36,611
At 31 October 2016
37,888
At 1 November 2015
17,723
Charge for the year
6,195
At 31 October 2016
23,918
At 31 October 2016
13,970
At 31 October 2015
18,888
Arrow Creative Marketing Solutions Ltd
Notes to the Abbreviated Accounts
for the year ended 31 October 2016
3
Share capital
2016
2015
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
1
Shares issued during the period:
99 Ordinary shares of £1 each
99