Creative Curators Limited 03423978 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is sale of stationery in retail store. Digita Accounts Production Advanced 6.30.9574.0 true 03423978 2022-08-01 2023-07-31 03423978 2023-07-31 03423978 core:RetainedEarningsAccumulatedLosses 2023-07-31 03423978 core:ShareCapital 2023-07-31 03423978 core:CurrentFinancialInstruments 2023-07-31 03423978 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 03423978 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 03423978 core:FurnitureFittingsToolsEquipment 2023-07-31 03423978 core:LandBuildings 2023-07-31 03423978 bus:SmallEntities 2022-08-01 2023-07-31 03423978 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 03423978 bus:AbridgedAccounts 2022-08-01 2023-07-31 03423978 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 03423978 bus:RegisteredOffice 2022-08-01 2023-07-31 03423978 bus:Director1 2022-08-01 2023-07-31 03423978 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 03423978 core:FurnitureFittings 2022-08-01 2023-07-31 03423978 core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 03423978 core:LandBuildings 2022-08-01 2023-07-31 03423978 core:OfficeEquipment 2022-08-01 2023-07-31 03423978 countries:England 2022-08-01 2023-07-31 03423978 2022-07-31 03423978 core:FurnitureFittingsToolsEquipment 2022-07-31 03423978 core:LandBuildings 2022-07-31 03423978 2021-08-01 2022-07-31 03423978 2022-07-31 03423978 core:RetainedEarningsAccumulatedLosses 2022-07-31 03423978 core:ShareCapital 2022-07-31 03423978 core:CurrentFinancialInstruments 2022-07-31 03423978 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 03423978 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 03423978 core:FurnitureFittingsToolsEquipment 2022-07-31 03423978 core:LandBuildings 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 03423978

Creative Curators Limited

trading as Pen To Paper

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 July 2023

 

Creative Curators Limited

trading as Pen To Paper

Contents

Company Information

1

Director's Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 8

 

Creative Curators Limited

trading as Pen To Paper

Company Information

Director

G Ross

Registered office

4 Sydney Street
Brighton
East Sussex
BN1 4EN

 

Creative Curators Limited

trading as Pen To Paper

Director's Report for the Year Ended 31 July 2023

The director presents his report and the abridged financial statements for the year ended 31 July 2023.

Director of the company

The director who held office during the year was as follows:

G Ross

Principal activity

The principal activity of the company is sale of stationery in retail store.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 8 April 2024
 

.........................................
G Ross
Director

 

Creative Curators Limited

trading as Pen To Paper

(Registration number: 03423978)
Abridged Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

2,626

2,200

Current assets

 

Stocks

6

50,347

47,886

Debtors

21,888

29,896

Cash at bank and in hand

 

9,342

24,490

 

81,577

102,272

Prepayments and accrued income

 

6,999

7,144

Creditors: Amounts falling due within one year

(41,204)

(45,721)

Net current assets

 

47,372

63,695

Total assets less current liabilities

 

49,998

65,895

Creditors: Amounts falling due after more than one year

(48,653)

(75,641)

Accruals and deferred income

 

(331)

(503)

Net assets/(liabilities)

 

1,014

(10,249)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

1,012

(10,251)

Shareholders' funds/(deficit)

 

1,014

(10,249)

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Creative Curators Limited

trading as Pen To Paper

(Registration number: 03423978)
Abridged Balance Sheet as at 31 July 2023

All of the company’s members have consented to the preparation of an Abridged Balance Sheet and have elected to take the option not to file the Profit and Loss Account in accordance with Section 444 of the Companies Act 2006

Approved and authorised by the director on 8 April 2024
 

.........................................

G Ross

Director

 

Creative Curators Limited

trading as Pen To Paper

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
4 Sydney Street
Brighton
East Sussex
BN1 4EN

These financial statements were authorised for issue by the director on 8 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Creative Curators Limited

trading as Pen To Paper

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

25% reducing balance

Office Equipment

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Creative Curators Limited

trading as Pen To Paper

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2022 - 6).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

1,226

944

 

Creative Curators Limited

trading as Pen To Paper

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2022

18,605

14,380

32,985

Additions

-

1,651

1,651

At 31 July 2023

18,605

16,031

34,636

Depreciation

At 1 August 2022

18,605

12,180

30,785

Charge for the year

-

1,225

1,225

At 31 July 2023

18,605

13,405

32,010

Carrying amount

At 31 July 2023

-

2,626

2,626

At 31 July 2022

-

2,200

2,200

Included within the net book value of land and buildings above is £Nil (2022 - £Nil) in respect of short leasehold land and buildings.
 

6

Stocks

2023
£

2022
£

Other inventories

50,347

47,886