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REGISTERED NUMBER: 12388030 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

New Creations Collective Ltd

New Creations Collective Ltd (Registered number: 12388030)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


New Creations Collective Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Mrs H Thomson





SECRETARY:





REGISTERED OFFICE: 15 Warren Road
Dartford
DA1 1PS





REGISTERED NUMBER: 12388030 (England and Wales)





ACCOUNTANTS: Cyfrifwyr Hill & Roberts
8a Chester Street
Mold
Flintshire
CH7 1EG

New Creations Collective Ltd (Registered number: 12388030)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 880 990
Tangible assets 5 3,603 4,991
4,483 5,981

CURRENT ASSETS
Debtors 6 1,372 -
Cash at bank 9,170 6,826
10,542 6,826
CREDITORS
Amounts falling due within one year 7 3,538 6,046
NET CURRENT ASSETS 7,004 780
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,487

6,761

CREDITORS
Amounts falling due after more than
one year

8

12,000

12,000
NET LIABILITIES (513 ) (5,239 )

New Creations Collective Ltd (Registered number: 12388030)

Balance Sheet - continued
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
RESERVES
Income and expenditure account (513 ) (5,239 )
(513 ) (5,239 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2023 and were signed by:





Mrs H Thomson - Director


New Creations Collective Ltd (Registered number: 12388030)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

New Creations Collective Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Licensed Choreography are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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

Going concern
The accounts have been prepared on a going concern basis as the director is satisfied the company can continue to meet its day to day financial commitments from its existing resources and from support provided by her.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

New Creations Collective Ltd (Registered number: 12388030)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2022
and 31 January 2023 1,100
AMORTISATION
At 1 February 2022 110
Charge for year 110
At 31 January 2023 220
NET BOOK VALUE
At 31 January 2023 880
At 31 January 2022 990

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 6,471
DEPRECIATION
At 1 February 2022 1,480
Charge for year 1,388
At 31 January 2023 2,868
NET BOOK VALUE
At 31 January 2023 3,603
At 31 January 2022 4,991

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 1,372 -

New Creations Collective Ltd (Registered number: 12388030)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors - 1
Other creditors 3,538 6,045
3,538 6,046

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.23 31.1.22
£    £   
Other creditors 12,000 12,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
Mrs H Thomson
Balance outstanding at start of year (6,044 ) (4,462 )
Amounts advanced - 2,500
Amounts repaid 2,506 (4,082 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,538 ) (6,044 )