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
Creative Indoor Play Limited
Company Information
for the year ended 31 August 2023
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
Creative Indoor Play Limited
Statement of financial position
as at 31 August 2023
Tangible assets
6,092
8,111
Cash at bank and in hand
85,704
86,832
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
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
Creative Indoor Play Limited
Notes to the Accounts
for the year ended 31 August 2023
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.
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:
Plant & machinery
15% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
15% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 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 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.
Creative Indoor Play Limited
Notes to the Accounts
for the year ended 31 August 2023
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
At 1 September 2022
30,000
At 1 September 2022
30,000
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
At 31 August 2023
4,824
14,417
16,248
3,576
39,065
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
At 31 August 2023
4,824
589
621
58
6,092
At 31 August 2022
4,824
91
3,100
96
8,111
Amounts falling due within one year
Accrued income and prepayments
3,364
3,329
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
Trade creditors
7,681
7,994
Taxes and social security
1,042
774
Loans from directors
6,311
2,711
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 4 (2022: 3).