Company Registration No. 06369096 (England and Wales)
Creative Clinic Communications Limited
Unaudited accounts
for the year ended 31 March 2023
Creative Clinic Communications Limited
Unaudited accounts
Contents
Creative Clinic Communications Limited
Company Information
for the year ended 31 March 2023
Company Number
06369096 (England and Wales)
Registered Office
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
United Kingdom
Accountants
Balmoral Consultancy Services Limited
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
Creative Clinic Communications Limited
Statement of financial position
as at 31 March 2023
Tangible assets
38,807
43,313
Cash at bank and in hand
24,368
30,986
Creditors: amounts falling due within one year
(128,154)
(103,686)
Net current assets
17,537
18,181
Total assets less current liabilities
56,344
61,494
Creditors: amounts falling due after more than one year
(53,835)
(60,964)
Called up share capital
240
240
Profit and loss account
2,269
290
Shareholders' funds
2,509
530
For the year ending 31 March 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 15 November 2023 and were signed on its behalf by
A M Selwyn
Director
Company Registration No. 06369096
Creative Clinic Communications Limited
Notes to the Accounts
for the year ended 31 March 2023
Creative Clinic Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 06369096. The registered office is Congress House, 14 Lyon Road, Harrow, Middlesex, HA1 2EN, 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.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
The accounts are presented in £ sterling.
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue for the foreseeable future. Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements.
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
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Creative Clinic Communications Limited
Notes to the Accounts
for the year ended 31 March 2023
Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.
Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
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.
Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting
Creative Clinic Communications Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
8,171
30,400
49,758
88,329
At 31 March 2023
8,171
30,400
54,435
93,006
At 1 April 2022
5,426
13,300
26,290
45,016
Charge for the year
686
4,275
4,222
9,183
At 31 March 2023
6,112
17,575
30,512
54,199
At 31 March 2023
2,059
12,825
23,923
38,807
At 31 March 2022
2,745
17,100
23,468
43,313
Amounts falling due within one year
Trade debtors
69,622
33,028
Accrued income and prepayments
50,000
55,000
Creative Clinic Communications Limited
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,167
9,167
Obligations under finance leases and hire purchase contracts
4,678
4,678
Trade creditors
2,231
9,270
Taxes and social security
38,163
38,548
Other creditors
3,880
2,560
Loans from directors
812
1,058
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Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
15,453
20,131
Allotted, called up and fully paid:
100 Ordinary shares Class A of £1 each
100
100
100 Ordinary shares Class B of £1 each
100
100
40 Ordinary Shares Class C of £1 each
40
40
As at the balance sheet date, the sum of £812 (2022 : £1,058) was owed to the director. This amount is unsecured, interest free and repayable on demand.
11
Transactions with related parties
During the year under review, dividends of £86,204 (2022: £75,660) were paid to A Selwyn, the director of the company.
During the year the company was under control of director A Selwyn by the virtue of his shareholding.
13
Average number of employees
During the year the average number of employees was 9 (2022: 9).