Registered number
SC296145
CREATIVE BY DESIGN LIMITED
Filleted Accounts
31 March 2022
CREATIVE BY DESIGN LIMITED
Registered number: SC296145
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 249 394
Current assets
Debtors 4 5,694 6,350
Cash at bank and in hand 58,208 51,749
63,902 58,099
Creditors: amounts falling due within one year 5 (20,391) (7,663)
Net current assets 43,511 50,436
Net assets 43,760 50,830
Capital and reserves
Called up share capital 8 8
Profit and loss account 43,752 50,822
Shareholder's funds 43,760 50,830
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Julie Stevenson
Director
Approved by the board on 26 August 2022
CREATIVE BY DESIGN LIMITED
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
Taxation for the year is comprised of current and deferred tax. Current tax is recognised in the Profit and Loss statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current and deferred tax is recognised at the amount of tax payable using the tax rates and laws enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Current and deferred taxation assets or liabilities are not discounted.
.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2021 4,671
At 31 March 2022 4,671
Depreciation
At 1 April 2021 4,277
Charge for the year 145
At 31 March 2022 4,422
Net book value
At 31 March 2022 249
At 31 March 2021 394
4 Debtors 2022 2021
£ £
Trade debtors 5,694 5,675
Other debtors - 675
5,694 6,350
5 Creditors: amounts falling due within one year 2022 2021
£ £
Taxation and social security costs 7,892 7,390
Other creditors 12,499 273
20,391 7,663
6 Other information
CREATIVE BY DESIGN LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
14 Bank Street
Aberfeldy
Perth and Kinross
PH15 2BB
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