1 September 2022 false No description of principal activity Taxfiler 2023.10.1 07333619business:PrivateLimitedCompanyLtd2022-09-012023-08-31 073336192022-08-31 073336192022-09-012023-08-31 07333619business:AuditExemptWithAccountantsReport2022-09-012023-08-31 07333619business:FilletedAccounts2022-09-012023-08-31 073336192023-08-31 07333619business:Director12022-09-012023-08-31 07333619business:RegisteredOffice2022-09-012023-08-31 073336192022-08-31 07333619core:WithinOneYear2023-08-31 07333619core:WithinOneYear2022-08-31 07333619core:AfterOneYear2023-08-31 07333619core:AfterOneYear2022-08-31 07333619core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 07333619core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 07333619core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 07333619core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 07333619core:PreviouslyStatedAmount2023-08-31 07333619core:PreviouslyStatedAmount2022-08-31 07333619business:SmallEntities2022-09-012023-08-31 07333619countries:EnglandWales2022-09-012023-08-31 07333619core:LandBuildings2022-09-012023-08-31 07333619core:PlantMachinery2022-09-012023-08-31 07333619core:MotorVehicles2022-09-012023-08-31 07333619core:FurnitureFittings2022-09-012023-08-31 07333619core:Goodwill2022-08-31 07333619core:Goodwill2023-08-31 07333619core:LandBuildings2022-08-31 07333619core:PlantMachinery2022-08-31 07333619core:MotorVehicles2022-08-31 07333619core:FurnitureFittings2022-08-31 07333619core:LandBuildings2023-08-31 07333619core:PlantMachinery2023-08-31 07333619core:MotorVehicles2023-08-31 07333619core:FurnitureFittings2023-08-31 073336192021-09-012022-08-31 iso4217:GBP xbrli:pure
Company Registration No. 07333619 (England and Wales)
Creative Indoor Play Limited Unaudited accounts for the year ended 31 August 2023
Creative Indoor Play Limited Unaudited accounts Contents
Page
- 2 -
Creative Indoor Play Limited Company Information for the year ended 31 August 2023
Director
Mr B Carlson
Company Number
07333619 (England and Wales)
Registered Office
The Old Jointing School, Carville Works Hadrian Road Wallsend NE28 6HF United Kingdom
Accountants
Accountants For The Trade (Durham) Ltd Whitfield House St Johns Road Meadowfield Industrial Estate Durham DH7 8XL
- 3 -
Creative Indoor Play Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,092 
8,111 
Current assets
Inventories
2,500 
2,500 
Debtors
5,938 
5,225 
Cash at bank and in hand
85,704 
86,832 
94,142 
94,557 
Creditors: amounts falling due within one year
(25,749)
(20,342)
Net current assets
68,393 
74,215 
Total assets less current liabilities
74,485 
82,326 
Creditors: amounts falling due after more than one year
(30,621)
(35,421)
Provisions for liabilities
Deferred tax
(242)
(625)
Net assets
43,622 
46,280 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
43,522 
46,180 
Shareholders' funds
43,622 
46,280 
For the year ending 31 August 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 his 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 21 September 2023 and were signed on its behalf by
Mr B Carlson Director Company Registration No. 07333619
- 4 -
Creative Indoor Play Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Creative Indoor Play Limited is a private company, limited by shares, registered in England and Wales, registration number 07333619. The registered office is The Old Jointing School, Carville Works, Hadrian Road, Wallsend, NE28 6HF, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
Nil
Plant & machinery
15% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
15% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Creative Indoor Play Limited Notes to the Accounts for the year ended 31 August 2023
Pension costs
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.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2022
30,000 
At 31 August 2023
30,000 
Amortisation
At 1 September 2022
30,000 
At 31 August 2023
30,000 
Net book value
At 31 August 2023
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2022
4,824 
13,824 
16,248 
3,576 
38,472 
Additions
- 
593 
- 
- 
593 
At 31 August 2023
4,824 
14,417 
16,248 
3,576 
39,065 
Depreciation
At 1 September 2022
- 
13,733 
13,148 
3,480 
30,361 
Charge for the year
- 
95 
2,479 
38 
2,612 
At 31 August 2023
- 
13,828 
15,627 
3,518 
32,973 
Net book value
At 31 August 2023
4,824 
589 
621 
58 
6,092 
At 31 August 2022
4,824 
91 
3,100 
96 
8,111 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,574 
1,896 
Accrued income and prepayments
3,364 
3,329 
5,938 
5,225 
- 6 -
Creative Indoor Play Limited Notes to the Accounts for the year ended 31 August 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,179 
6,179 
VAT
3,729 
2,681 
Trade creditors
7,681 
7,994 
Taxes and social security
1,042 
774 
Other creditors
807 
3 
Loans from directors
6,311 
2,711 
25,749 
20,342 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,621 
35,421 
9
Average number of employees
During the year the average number of employees was 4 (2022: 3).
- 7 -