Creative Response Limited 03331702 false 2021-04-01 2022-03-31 2022-03-31 The principal activity of the company is graphic design and marketing consultancy. Digita Accounts Production Advanced 6.30.9574.0 true 03331702 2021-04-01 2022-03-31 03331702 2022-03-31 03331702 core:RetainedEarningsAccumulatedLosses 2022-03-31 03331702 core:ShareCapital 2022-03-31 03331702 core:CurrentFinancialInstruments 2022-03-31 03331702 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 03331702 core:Goodwill 2022-03-31 03331702 core:FurnitureFittingsToolsEquipment 2022-03-31 03331702 core:MotorVehicles 2022-03-31 03331702 bus:SmallEntities 2021-04-01 2022-03-31 03331702 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 03331702 bus:FullAccounts 2021-04-01 2022-03-31 03331702 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 03331702 bus:RegisteredOffice 2021-04-01 2022-03-31 03331702 bus:CompanySecretaryDirector1 2021-04-01 2022-03-31 03331702 bus:Director1 2021-04-01 2022-03-31 03331702 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 03331702 core:Goodwill 2021-04-01 2022-03-31 03331702 core:FurnitureFittings 2021-04-01 2022-03-31 03331702 core:FurnitureFittingsToolsEquipment 2021-04-01 2022-03-31 03331702 core:MotorVehicles 2021-04-01 2022-03-31 03331702 countries:AllCountries 2021-04-01 2022-03-31 03331702 2021-03-31 03331702 core:Goodwill 2021-03-31 03331702 core:FurnitureFittingsToolsEquipment 2021-03-31 03331702 core:MotorVehicles 2021-03-31 03331702 2020-04-01 2021-03-31 03331702 2021-03-31 03331702 core:RetainedEarningsAccumulatedLosses 2021-03-31 03331702 core:ShareCapital 2021-03-31 03331702 core:CurrentFinancialInstruments 2021-03-31 03331702 core:CurrentFinancialInstruments core:WithinOneYear 2021-03-31 03331702 core:FurnitureFittingsToolsEquipment 2021-03-31 03331702 core:MotorVehicles 2021-03-31 iso4217:GBP xbrli:pure

Registration number: 03331702

Creative Response Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2022

(Prepared in accordance with FRS 102 Section 1A)

 

Creative Response Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Creative Response Limited

Company Information

Directors

Mr N Mitton

Mrs BG Mitton

Company secretary

Mrs BG Mitton

Registered office

Westbury Court
Church Road
Westbury On Trym
Bristol
Bristol
BS9 3EF

Accountants

William Price & Company
Westbury Court
Church Road
Westbury on Trym
Bristol
BS9 3EF

 

Creative Response Limited

(Registration number: 03331702)
Balance Sheet as at 31 March 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

5

430

782

Current assets

 

Debtors

6

97,969

73,763

Cash at bank and in hand

 

127,436

147,254

 

225,405

221,017

Creditors: Amounts falling due within one year

7

(86,863)

(92,035)

Net current assets

 

138,542

128,982

Net assets

 

138,972

129,764

Capital and reserves

 

Called up share capital

100

100

Retained earnings

138,872

129,664

Shareholders' funds

 

138,972

129,764

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 2 September 2022 and signed on its behalf by:
 

.........................................
Mr N Mitton
Director

 

Creative Response Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Westbury Court
Church Road
Westbury On Trym
Bristol
Bristol
BS9 3EF
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Creative Response Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

7 years on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 Years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are recognised at the transaction price (which is usually the invoice price), less any impairment for bad and doubtful debts.

Trade creditors

Trade creditors are recognised at the transaction price (which is usually the invoice price).

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Creative Response Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 2).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2021

5,500

5,500

At 31 March 2022

5,500

5,500

Amortisation

At 1 April 2021

5,500

5,500

At 31 March 2022

5,500

5,500

Carrying amount

At 31 March 2022

-

-

 

Creative Response Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

5

tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2021

12,134

2,700

14,834

At 31 March 2022

12,134

2,700

14,834

Depreciation

At 1 April 2021

11,351

2,700

14,051

Charge for the year

353

-

353

At 31 March 2022

11,704

2,700

14,404

Carrying amount

At 31 March 2022

430

-

430

At 31 March 2021

782

-

782

6

Debtors

Current

2022
£

2021
£

Trade debtors

97,969

73,763

7

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Trade creditors

67,366

80,676

Taxation and social security

17,320

7,190

Accruals and deferred income

2,151

1,941

Other creditors

26

2,228

86,863

92,035