Company Registration No. 06625933 (England and Wales)
C R CREATIVE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
C R CREATIVE LIMITED
COMPANY INFORMATION
Director
Mr C D Ribbens
Company number
06625933
Registered office
227A West Street
Fareham
Hants
PO16 0HZ
Accountants
Arthur Daniels & Company
227A West Street
Fareham
Hants
PO16 0HZ
C R CREATIVE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
C R CREATIVE LIMITED
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
71,530
38,637
Current assets
Debtors
5
6,689
15,623
Cash at bank and in hand
43,707
57,352
50,396
72,975
Creditors: amounts falling due within one year
6
(15,139)
(12,288)
Net current assets
35,257
60,687
Net assets
106,787
99,324
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
106,777
99,314
Total equity
106,787
99,324

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 6 February 2024
Mr C D Ribbens
Director
Company Registration No. 06625933
C R CREATIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information

C R Creative Limited is a private company limited by shares incorporated in England and Wales. The registered office is 227A West Street, Fareham, Hants, PO16 0HZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% Reducing balance
IT equipment & software
25% Straight line and 10 years for software
Motor vehicles
25% Reducing balance

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

C R CREATIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
4
Tangible fixed assets
Plant and equipment
IT equipment & software
Motor vehicles
Total
£
£
£
£
Cost
At 1 July 2022
5,629
42,673
-
0
48,302
Additions
-
0
-
0
49,850
49,850
At 30 June 2023
5,629
42,673
49,850
98,152
Depreciation and impairment
At 1 July 2022
2,462
7,203
-
0
9,665
Depreciation charged in the year
792
3,702
12,463
16,957
At 30 June 2023
3,254
10,905
12,463
26,622
Carrying amount
At 30 June 2023
2,375
31,768
37,387
71,530
At 30 June 2022
3,167
35,470
-
0
38,637
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
6,689
7,673
Other debtors
-
0
7,950
6,689
15,623
C R CREATIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 4 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
210
-
0
Corporation tax
-
0
3,234
Other taxation and social security
3,139
-
0
Other creditors
11,790
9,054
15,139
12,288
2023-06-302022-07-01false06 February 2024CCH SoftwareCCH Accounts Production 2023.100No description of principal activityMr C D Ribbens066259332022-07-012023-06-3006625933bus:Director12022-07-012023-06-3006625933bus:RegisteredOffice2022-07-012023-06-30066259332023-06-30066259332022-06-3006625933core:PlantMachinery2023-06-3006625933core:ComputerEquipment2023-06-3006625933core:MotorVehicles2023-06-3006625933core:PlantMachinery2022-06-3006625933core:ComputerEquipment2022-06-3006625933core:MotorVehicles2022-06-3006625933core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3006625933core:CurrentFinancialInstrumentscore:WithinOneYear2022-06-3006625933core:CurrentFinancialInstruments2023-06-3006625933core:CurrentFinancialInstruments2022-06-3006625933core:ShareCapital2023-06-3006625933core:ShareCapital2022-06-3006625933core:RetainedEarningsAccumulatedLosses2023-06-3006625933core:RetainedEarningsAccumulatedLosses2022-06-3006625933core:PlantMachinery2022-07-012023-06-3006625933core:ComputerEquipment2022-07-012023-06-3006625933core:MotorVehicles2022-07-012023-06-30066259332021-07-012022-06-3006625933core:PlantMachinery2022-06-3006625933core:ComputerEquipment2022-06-3006625933core:MotorVehicles2022-06-30066259332022-06-3006625933core:WithinOneYear2023-06-3006625933core:WithinOneYear2022-06-3006625933bus:PrivateLimitedCompanyLtd2022-07-012023-06-3006625933bus:SmallCompaniesRegimeForAccounts2022-07-012023-06-3006625933bus:FRS1022022-07-012023-06-3006625933bus:AuditExemptWithAccountantsReport2022-07-012023-06-3006625933bus:FullAccounts2022-07-012023-06-30xbrli:purexbrli:sharesiso4217:GBP