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Registered number: 04420272
FOUNTAINHEAD CREATIVE CONSULTANTS LIMITED
ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Prepared By:
Reed-Ransted
Chartered Accountants
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
FOUNTAINHEAD CREATIVE CONSULTANTS LIMITED
ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
DIRECTORS
N Cripps
Mrs P Cripps
.
REGISTERED OFFICE
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04420272
PLACE OF BUSINESS
186 Hoylake Crescent, Ickenham, UB10 8JJ.
ACCOUNTANTS
Reed-Ransted
Chartered Accountants
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
FOUNTAINHEAD CREATIVE CONSULTANTS LIMITED
ACCOUNTS
FOR THEYEARENDED30 SEPTEMBER 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
FOUNTAINHEAD CREATIVE CONSULTANTS LIMITED
BALANCE SHEET AT30 September 2024
Registered number: 04420272
20242023
Notes££
FIXED ASSETS
Tangible assets23,3843,086
CURRENT ASSETS
Debtors3102202
Cash at bank and in hand6,371697
6,473899
CREDITORS: Amounts falling due within one year45,9095,443
NET CURRENT ASSETS / (LIABILITIES)564(4,544)
TOTAL ASSETS LESS CURRENT LIABILITIES3,948(1,458)
CREDITORS: Amounts falling due after more than one year56,6518,000
NET LIABILITIES(2,703)(9,458)
CAPITAL AND RESERVES
Called up share capital7120120
Share premium account829,97029,970
Profit and loss account(32,793)(39,548)
SHAREHOLDERS' FUNDS(2,703)(9,458)
For the year ending 30 September 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on22 January 2025and signed on their behalf by
.............................
N Cripps
Director
FOUNTAINHEAD CREATIVE CONSULTANTS LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
The company has negative net assets and is reliant on the support of the bank via its loan and on the support of the directors to continue to trade. These accounts have been drawn up on the going concern basis on the grounds that this support will continue in the future.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1d. Government Grants
Government grants are recognised in profit and loss in the year in which they are receivable.
2. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 1 October 20236,06938,12444,193
Additions-1,3931,393
At 30 September 20246,06939,51745,586
Depreciation
At 1 October 20235,82135,28641,107
For the year371,0581,095
At 30 September 20245,85836,34442,202
Net Book Amounts
At 30 September 20242113,1733,384
At 30 September 20232482,8383,086
FOUNTAINHEAD CREATIVE CONSULTANTS LIMITED
3. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors102102
VAT-100
102202
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
VAT2,320-
Directors current account1,5391,539
Bank Loan1,2001,200
Trade creditors-2,054
Accruals850650
5,9095,443
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loan6,6518,000
6,6518,000
6. EMPLOYEES
20242023
No.No.
Average number of employees22
FOUNTAINHEAD CREATIVE CONSULTANTS LIMITED
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
118 Class A shares of £1 each118118
2 Class B shares of £1 each22
120120
8. SHARE PREMIUM ACCOUNT 20242023
££
Share premium account29,97029,970
9. CONTROLLING PARTY
The company is controlled by N and Mrs P Cripps.
10. RELATED PARTY TRANSACTIONS
Directors loan accounts are non-interest bearing.
N Cripps is also a director of Atmospherics SFX Limited. During the year purchases of £21,000 were made from that company.