IRIS Accounts Production v23.3.1.45 08977242 Board of Directors 1.5.22 30.4.23 30.4.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh089772422022-04-30089772422023-04-30089772422022-05-012023-04-30089772422021-04-30089772422021-05-012022-04-30089772422022-04-3008977242ns10:Originalns15:EnglandWales2022-05-012023-04-3008977242ns14:PoundSterlingns10:Original2022-05-012023-04-3008977242ns10:Originalns10:Director12022-05-012023-04-3008977242ns10:Original2022-05-012023-04-3008977242ns10:Original2023-04-3008977242ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-3008977242ns10:Originalns10:SmallEntities2022-05-012023-04-3008977242ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3008977242ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3008977242ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-3008977242ns10:Originalns10:FullAccounts2022-05-012023-04-3008977242ns10:Originalns10:OrdinaryShareClass12022-05-012023-04-3008977242ns10:Original2022-04-3008977242ns10:Originalns5:CurrentFinancialInstruments2023-04-3008977242ns10:Originalns5:CurrentFinancialInstruments2022-04-3008977242ns5:ShareCapitalns10:Original2023-04-3008977242ns5:ShareCapitalns10:Original2022-04-3008977242ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3008977242ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3008977242ns10:Originalns5:PlantMachinery2022-05-012023-04-3008977242ns10:Originalns5:MotorVehicles2022-05-012023-04-3008977242ns10:Originalns5:ComputerEquipment2022-05-012023-04-3008977242ns10:Original2021-05-012022-04-3008977242ns10:Originalns5:PlantMachinery2022-04-3008977242ns10:Originalns5:MotorVehicles2022-04-3008977242ns10:Originalns5:ComputerEquipment2022-04-3008977242ns10:Original2022-04-3008977242ns10:Originalns5:PlantMachinery2023-04-3008977242ns10:Originalns5:MotorVehicles2023-04-3008977242ns10:Originalns5:ComputerEquipment2023-04-3008977242ns10:Originalns5:PlantMachinery2022-04-3008977242ns10:Originalns5:MotorVehicles2022-04-3008977242ns10:Originalns5:ComputerEquipment2022-04-3008977242ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-04-3008977242ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-3008977242ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-04-3008977242ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3008977242ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-3008977242ns10:Originalns5:DeferredTaxation2022-04-3008977242ns10:Originalns5:DeferredTaxation2022-05-012023-04-3008977242ns10:Originalns5:DeferredTaxation2023-04-3008977242ns10:Originalns10:OrdinaryShareClass12023-04-3008977242ns10:Original1ns10:Director12022-04-3008977242ns10:Original1ns10:Director12021-04-3008977242ns10:Original1ns10:Director12022-05-012023-04-3008977242ns10:Original1ns10:Director12021-05-012022-04-3008977242ns10:Original1ns10:Director12023-04-3008977242ns10:Original1ns10:Director12022-04-30
REGISTERED NUMBER: 08977242 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

F KING CREATIVE LTD

F KING CREATIVE LTD (REGISTERED NUMBER: 08977242)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Balance sheet 1

Notes to the financial statements 2


F KING CREATIVE LTD (REGISTERED NUMBER: 08977242)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 11,450 15,266

Current assets
Debtors 5 8,330 10,737
Cash at bank 9,222 8,988
17,552 19,725
Creditors
Amounts falling due within one year 6 20,208 30,938
Net current liabilities (2,656 ) (11,213 )
Total assets less current liabilities 8,794 4,053

Provisions for liabilities 8 2,176 2,901
Net assets 6,618 1,152

Capital and reserves
Called up share capital 9 100 100
Retained earnings 6,518 1,052
Shareholders' funds 6,618 1,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by:





Mr F M King - Director


F KING CREATIVE LTD (REGISTERED NUMBER: 08977242)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. Statutory information

F King Creative Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08977242. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 15 Hilltop Road, Ferndown, Dorset, BH22 9QT.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents income receivable from the supply of graphic design services, net of VAT and discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

F KING CREATIVE LTD (REGISTERED NUMBER: 08977242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 May 2022
and 30 April 2023 746 41,940 7,424 50,110
Depreciation
At 1 May 2022 614 28,670 5,560 34,844
Charge for year 33 3,317 466 3,816
At 30 April 2023 647 31,987 6,026 38,660
Net book value
At 30 April 2023 99 9,953 1,398 11,450
At 30 April 2022 132 13,270 1,864 15,266

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
Cost
At 1 May 2022 35,003
Transfer to ownership (35,003 )
At 30 April 2023 -
Depreciation
At 1 May 2022 23,928
Transfer to ownership (23,928 )
At 30 April 2023 -
Net book value
At 30 April 2023 -
At 30 April 2022 11,075

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 7,988 9,970
Directors' current accounts - 462
Prepayments 342 305
8,330 10,737

F KING CREATIVE LTD (REGISTERED NUMBER: 08977242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


6. Creditors: amounts falling due within one year
2023 2022
£    £   
Finance leases - 14,375
Trade creditors - 680
Tax 11,858 8,468
VAT 6,566 5,767
Directors' current accounts 61 -
Accruals and deferred income 1,723 1,648
20,208 30,938

7. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Finance leases - 14,375

Amounts owing under finance lease agreements are secured against the assets to which they relate.

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 2,176 2,901

Deferred
tax
£   
Balance at 1 May 2022 2,901
Provided during year (725 )
Balance at 30 April 2023 2,176

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

F KING CREATIVE LTD (REGISTERED NUMBER: 08977242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


10. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
Mr F M King
Balance outstanding at start of year 462 10,766
Amounts advanced - 24,670
Amounts repaid (462 ) (34,974 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 462

11. Ultimate controlling party

The director, Mr F King, owns 60% of the voting share capital, so therefore is deemed to have ultimate control.