Company Registration No. 11441814 (England and Wales)
Creative Switch Limited
Unaudited accounts
for the year ended 30 June 2023
Creative Switch Limited
Unaudited accounts
Contents
Creative Switch Limited
Company Information
for the year ended 30 June 2023
Director
Katherine Simpson
Company Number
11441814 (England and Wales)
Registered Office
62 Woodlands Road
Walthamstow
London
E17 3LE
Accountants
Townley & Co Limited
Warrington Business Centre
67 Bewsey Street
Warrington
WA2 7JQ
Creative Switch Limited
Statement of financial position
as at 30 June 2023
Tangible assets
1,379
2,684
Cash at bank and in hand
33,102
34,904
Creditors: amounts falling due within one year
(9,700)
(6,623)
Net current assets
28,558
33,528
Total assets less current liabilities
29,937
36,212
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
29,674
35,701
Shareholders' funds
29,675
35,702
For the year ending 30 June 2023 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 director acknowledges her 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 and authorised for issue on 14 August 2023 and were signed on its behalf by
Katherine Simpson
Director
Company Registration No. 11441814
Creative Switch Limited
Notes to the Accounts
for the year ended 30 June 2023
Creative Switch Limited is a private company, limited by shares, registered in England and Wales, registration number 11441814. The registered office is 62 Woodlands Road, Walthamstow, London, E17 3LE.
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:
Computer equipment
3 years straight line basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. 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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Creative Switch Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,168
5,578
Loans from directors
565
123
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).