Company Registration No. 07341545 (England and Wales)
THE BUSINESS CREATIVE LIMITED
Unaudited accounts
for the year ended 31 March 2022
THE BUSINESS CREATIVE LIMITED
Unaudited accounts
Contents
THE BUSINESS CREATIVE LIMITED
Company Information
for the year ended 31 March 2022
Directors
Mrs Jane H Goble
Mr B O’Hara
Company Number
07341545 (England and Wales)
Registered Office
49 BRISTOL AVENUE
LANCING
BN15 8NL
ENGLAND
Accountants
Annette & Co.
28 Kittlegairy Crescent
Peebles
EH45 9NJ
THE BUSINESS CREATIVE LIMITED
Statement of financial position
as at 31 March 2022
Tangible assets
7,098
7,309
Cash at bank and in hand
134,839
157,056
Creditors: amounts falling due within one year
(31,237)
(17,515)
Net current assets
182,297
183,801
Total assets less current liabilities
189,530
191,245
Creditors: amounts falling due after more than one year
(50,000)
(50,000)
Net assets
139,530
141,245
Called up share capital
10
10
Profit and loss account
139,520
141,235
Shareholders' funds
139,530
141,245
For the year ending 31 March 2022 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2022 and were signed on its behalf by
Mrs Jane H Goble
Director
Company Registration No. 07341545
THE BUSINESS CREATIVE LIMITED
Notes to the Accounts
for the year ended 31 March 2022
THE BUSINESS CREATIVE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07341545. The registered office is 49 BRISTOL AVENUE, LANCING, BN15 8NL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. 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 Method
Fixtures & fittings
25% Reducing Balance Method
Computer equipment
25% Reducing Balance Method
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
THE BUSINESS CREATIVE LIMITED
Notes to the Accounts
for the year ended 31 March 2022
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
7,000
12,706
15,693
35,399
At 31 March 2022
7,000
12,706
17,502
37,208
At 1 April 2021
6,300
10,547
11,243
28,090
Charge for the year
175
539
1,306
2,020
At 31 March 2022
6,475
11,086
12,549
30,110
At 31 March 2022
525
1,620
4,953
7,098
At 31 March 2021
700
2,159
4,450
7,309
6
Investments
Other investments
Valuation at 1 April 2021
135
Valuation at 31 March 2022
135
7
Debtors: amounts falling due within one year
2022
2021
Trade debtors
77,951
44,260
Accrued income and prepayments
744
-
8
Creditors: amounts falling due within one year
2022
2021
Trade creditors
4,901
1,909
Taxes and social security
10,982
7,545
9
Creditors: amounts falling due after more than one year
2022
2021
THE BUSINESS CREATIVE LIMITED
Notes to the Accounts
for the year ended 31 March 2022
Allotted, called up and fully paid:
5 Benjamin Mathew O'Hara of £1 each
5
5
5 Jane Helen Goble of £1 each
5
5
11
Average number of employees
During the year the average number of employees was 3 (2021: 2).