Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-31true12023-01-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.The principal activity of the company was that of video production services.1true 08289986 2023-01-01 2023-12-31 08289986 2022-01-01 2022-12-31 08289986 2023-12-31 08289986 2022-12-31 08289986 2022-01-01 08289986 c:Director1 2023-01-01 2023-12-31 08289986 d:PlantMachinery 2023-01-01 2023-12-31 08289986 d:PlantMachinery 2023-12-31 08289986 d:PlantMachinery 2022-12-31 08289986 d:CurrentFinancialInstruments 2023-12-31 08289986 d:CurrentFinancialInstruments 2022-12-31 08289986 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08289986 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08289986 d:ShareCapital 2023-12-31 08289986 d:ShareCapital 2022-12-31 08289986 d:RetainedEarningsAccumulatedLosses 2023-12-31 08289986 d:RetainedEarningsAccumulatedLosses 2022-12-31 08289986 c:OrdinaryShareClass1 2023-01-01 2023-12-31 08289986 c:OrdinaryShareClass1 2023-12-31 08289986 c:OrdinaryShareClass1 2022-12-31 08289986 c:OrdinaryShareClass2 2023-01-01 2023-12-31 08289986 c:OrdinaryShareClass2 2023-12-31 08289986 c:OrdinaryShareClass2 2022-12-31 08289986 c:FRS102 2023-01-01 2023-12-31 08289986 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08289986 c:FullAccounts 2023-01-01 2023-12-31 08289986 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08289986 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 08289986 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 08289986 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered Number: 08289986











CREATIVE VIDEO DESIGN LTD
 





UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023


 
CREATIVE VIDEO DESIGN LTD
REGISTERED NUMBER: 08289986

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
                                                                     Note
£
£

Fixed assets
  

Tangible assets
 4 
-
516

  
-
516

Current assets
  

Debtors Within One Year
 5 
12,163
1,152

Bank & cash balances
  
15,821
18,876

  
27,984
20,028

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(6,439)
(3,089)

Net current assets
  
 
 
21,545
 
 
16,939

Total assets less current liabilities
  
21,545
17,455

Provisions for liabilities
  

Deferred tax
 7 
-
(129)

  
 
 
-
 
 
(129)

Net assets
  
21,545
17,326


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
21,445
17,226

  
21,545
17,326


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
CREATIVE VIDEO DESIGN LTD
REGISTERED NUMBER: 08289986

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


J C Baker
Director
Date: 15 February 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CREATIVE VIDEO DESIGN LTD
 

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

1.


General information

Creative Video Design Ltd is a private company, limited by shares and incorporated in England & Wales. The address of its registered office is Reading Bridge House, George Street, Reading, RG1 8LS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

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 for services during the year, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
30%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

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.

 
2.5

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.

Page 3

 
CREATIVE VIDEO DESIGN LTD
 

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

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.8

 Dividend

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.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
CREATIVE VIDEO DESIGN LTD
 

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

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Plant & machinery

£





At 1 January 2023
3,132


Disposals
(3,132)



At 31 December 2023

-





At 1 January 2023
2,616


Disposals
(2,616)



At 31 December 2023

-



Net book value



At 31 December 2023
-



At 31 December 2022
516


5.


Debtors

2023
2022
£
£


Trade debtors
12,063
-

Other debtors
100
1,152

12,163
1,152


Page 5

 
CREATIVE VIDEO DESIGN LTD
 

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

6.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
-
289

Corporation tax
1,081
-

Other taxation and social security
1,919
-

Accruals and deferred income
3,439
2,800

6,439
3,089



7.


Deferred taxation




2023
2022


£

£






At beginning of year
(129)
(140)


Charged to profit or loss
129
11



At end of year
-
(129)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
-
(129)


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



60 (2022 - 60) Ordinary A shares of £1.00 each
60
60
40 (2022 - 40) Ordinary B shares of £1.00 each
40
40

100

100

All shares rank pari passu with each other, however the director has the authority to pay differing rates of dividends on each class of share.



Page 6