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REGISTERED NUMBER: 07254892 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

CREATIVE IT SYSTEMS LIMITED

CREATIVE IT SYSTEMS LIMITED (REGISTERED NUMBER: 07254892)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

CREATIVE IT SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: K A Ali
V Ali
P E Ali





REGISTERED OFFICE: 248 Church Lane
Kingsbury
London
NW9 8SL





REGISTERED NUMBER: 07254892 (England and Wales)





ACCOUNTANTS: Gill & Company
248 Church Lane
Kingsbury
London
NW9 8SL

CREATIVE IT SYSTEMS LIMITED (REGISTERED NUMBER: 07254892)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 592 789
Tangible assets 5 246 328
838 1,117

CURRENT ASSETS
Debtors 6 36,434 27,713
Cash at bank 44,384 23,787
80,818 51,500
CREDITORS
Amounts falling due within one year 7 244,898 194,699
NET CURRENT LIABILITIES (164,080 ) (143,199 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(163,242

)

(142,082

)

CREDITORS
Amounts falling due after more than one
year

8

30,502

35,922
NET LIABILITIES (193,744 ) (178,004 )

CREATIVE IT SYSTEMS LIMITED (REGISTERED NUMBER: 07254892)

BALANCE SHEET - continued
31 MAY 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings (193,864 ) (178,124 )
SHAREHOLDERS' FUNDS (193,744 ) (178,004 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:





P E Ali - Director


CREATIVE IT SYSTEMS LIMITED (REGISTERED NUMBER: 07254892)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Creative IT Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

CREATIVE IT SYSTEMS LIMITED (REGISTERED NUMBER: 07254892)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2022
and 31 May 2023 4,435
AMORTISATION
At 1 June 2022 3,646
Charge for year 197
At 31 May 2023 3,843
NET BOOK VALUE
At 31 May 2023 592
At 31 May 2022 789

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 3,280
DEPRECIATION
At 1 June 2022 2,952
Charge for year 82
At 31 May 2023 3,034
NET BOOK VALUE
At 31 May 2023 246
At 31 May 2022 328

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 36,434 27,713

CREATIVE IT SYSTEMS LIMITED (REGISTERED NUMBER: 07254892)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 241,597 191,476
Other creditors 3,301 3,223
244,898 194,699

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 30,502 35,922

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 30,502 35,922

CREATIVE IT SYSTEMS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
CREATIVE IT SYSTEMS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Gill & Company
248 Church Lane
Kingsbury
London
NW9 8SL


15 February 2024