1 August 2022 false No description of principal activity Taxfiler 2023.14 10857940business:PrivateLimitedCompanyLtd2022-08-012023-07-31 108579402022-07-31 108579402022-08-012023-07-31 10857940business:AuditExemptWithAccountantsReport2022-08-012023-07-31 10857940business:FilletedAccounts2022-08-012023-07-31 108579402023-07-31 10857940business:Director12022-08-012023-07-31 10857940business:Director22022-08-012023-07-31 10857940business:Director32022-08-012023-07-31 10857940business:RegisteredOffice2022-08-012023-07-31 108579402022-07-31 10857940core:WithinOneYear2023-07-31 10857940core:WithinOneYear2022-07-31 10857940core:AfterOneYear2023-07-31 10857940core:AfterOneYear2022-07-31 10857940core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 10857940core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 10857940core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 10857940core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 10857940core:PreviouslyStatedAmount2023-07-31 10857940core:PreviouslyStatedAmount2022-07-31 10857940business:SmallEntities2022-08-012023-07-31 10857940countries:EnglandWales2022-08-012023-07-31 10857940core:MotorVehicles2022-08-012023-07-31 10857940core:ComputerEquipment2022-08-012023-07-31 10857940core:IntangibleAssetsOtherThanGoodwill2022-07-31 10857940core:IntangibleAssetsOtherThanGoodwill2023-07-31 10857940core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-31 10857940core:MotorVehicles2022-07-31 10857940core:ComputerEquipment2022-07-31 10857940core:MotorVehicles2023-07-31 10857940core:ComputerEquipment2023-07-31 10857940core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-07-31 10857940core:MotorVehiclescore:LeasedAssetsHeldAsLessee2022-07-31 108579402021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 10857940 (England and Wales)
Creative Form Limited Unaudited accounts for the year ended 31 July 2023
Creative Form Limited Unaudited accounts Contents
Page
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Creative Form Limited Company Information for the year ended 31 July 2023
Directors
Paul Alexander Farrow Jodie Victoria Gibbs-Farrow Luke Smith
Company Number
10857940 (England and Wales)
Registered Office
Green Room Barbados House Station Road Bordon Hampshire GU35 0LR England
Accountants
M A Accountancy Group Wolfe Mead Farnham Road Bordon Hampshire GU35 0NH
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Creative Form Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,143 
14,286 
Tangible assets
12,203 
12,616 
19,346 
26,902 
Current assets
Debtors
7,929 
550 
Cash at bank and in hand
12,931 
67,839 
20,860 
68,389 
Creditors: amounts falling due within one year
(10,469)
(50,799)
Net current assets
10,391 
17,590 
Total assets less current liabilities
29,737 
44,492 
Creditors: amounts falling due after more than one year
(19,359)
(29,259)
Provisions for liabilities
Deferred tax
(2,319)
(2,397)
Net assets
8,059 
12,836 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
7,959 
12,736 
Shareholders' funds
8,059 
12,836 
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by
Jodie Victoria Gibbs-Farrow Director Company Registration No. 10857940
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Creative Form Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Creative Form Limited is a private company, limited by shares, registered in England and Wales, registration number 10857940. The registered office is Green Room Barbados House, Station Road, Bordon, Hampshire, GU35 0LR, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Motor vehicles
15% reducing balance
Computer equipment
50% straight line
Pension costs
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.
Financial instruments
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Creative Form Limited Notes to the Accounts for the year ended 31 July 2023
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2022
50,000 
At 31 July 2023
50,000 
Amortisation
At 1 August 2022
35,714 
Charge for the year
7,143 
At 31 July 2023
42,857 
Net book value
At 31 July 2023
7,143 
At 31 July 2022
14,286 
Intangible assets includes a licence fee purchased in 2018. The licence runs for seven years and therefore the cost is to be amortised over this seven year period on a straight line basis.
5
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
15,585 
1,942 
17,527 
Additions
- 
3,184 
3,184 
At 31 July 2023
15,585 
5,126 
20,711 
Depreciation
At 1 August 2022
3,247 
1,664 
4,911 
Charge for the year
3,085 
512 
3,597 
At 31 July 2023
6,332 
2,176 
8,508 
Net book value
At 31 July 2023
9,253 
2,950 
12,203 
At 31 July 2022
12,338 
278 
12,616 
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Creative Form Limited Notes to the Accounts for the year ended 31 July 2023
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
- 
12,338 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
236 
- 
Accrued income and prepayments
- 
550 
Other debtors
7,693 
- 
7,929 
550 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,000 
7,000 
VAT
8,010 
- 
Obligations under finance leases and hire purchase contracts
2,900 
2,900 
Taxes and social security
19,063 
16,330 
Other creditors
- 
251 
Loans from directors
(27,304)
172 
Accruals
800 
24,146 
10,469 
50,799 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,833 
19,833 
Obligations under finance leases and hire purchase contracts
6,526 
9,426 
19,359 
29,259 
9
Average number of employees
During the year the average number of employees was 29 (2022: 20).
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