Registered number
11548412
CDC CREATIVE PRODUCTIONS LIMITED
Filleted Accounts
30 September 2023
CDC CREATIVE PRODUCTIONS LIMITED
Registered number: 11548412
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 698 931
Current assets
Debtors 4 12,525 13,675
Cash at bank and in hand 14,703 10,281
27,228 23,956
Creditors: amounts falling due within one year 5 (26,030) (29,630)
Net current assets/(liabilities) 1,198 (5,674)
Total assets less current liabilities 1,896 (4,743)
Provisions for liabilities (133) (177)
Net assets/(liabilities) 1,763 (4,920)
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,762 (4,921)
Shareholder's funds 1,763 (4,920)
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 his 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.
C D Cowan
Director
Approved by the board on 1 November 2023
CDC CREATIVE PRODUCTIONS LIMITED
Notes to the Accounts
for the year ended 30 September 2023
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:
Computer & Office Equipment 25% Reducing Balance
Leasehold Improvements 10% Straight Line
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
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 2,373
At 30 September 2023 2,373
Depreciation
At 1 October 2022 1,442
Charge for the year 233
At 30 September 2023 1,675
Net book value
At 30 September 2023 698
At 30 September 2022 931
4 Debtors 2023 2022
£ £
Work in Progress 12,525 13,675
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 14,302 19,206
Trade creditors 357 377
Taxation and social security costs 10,343 (1,740)
Directors Current Account 158 10,947
Accruals 870 840
26,030 29,630
6 Controlling party
The company is controlled by Chris Cowan Esq.
7 Other information
CDC CREATIVE PRODUCTIONS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Oak Tree Cottage
Nursery Lane
Maresfield
East Sussex
TN22 3BA
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