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REGISTERED NUMBER: 03892249 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CREATIVE MAX LIMITED

CREATIVE MAX LIMITED (REGISTERED NUMBER: 03892249)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CREATIVE MAX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs M J Claydon
S Claydon
M Claydon





SECRETARY: Mrs M J Claydon





REGISTERED OFFICE: 5 Fourth Avenue
Bluebridge Industrial Estate
Halstead
Essex
CO9 2SY





REGISTERED NUMBER: 03892249 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

CREATIVE MAX LIMITED (REGISTERED NUMBER: 03892249)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,903 2,537
Tangible assets 5 55,423 66,362
57,326 68,899

CURRENT ASSETS
Stocks 769,116 799,474
Debtors 6 714,338 665,701
Cash at bank and in hand 1,673,529 1,535,890
3,156,983 3,001,065
CREDITORS
Amounts falling due within one year 7 430,783 502,952
NET CURRENT ASSETS 2,726,200 2,498,113
TOTAL ASSETS LESS CURRENT LIABILITIES 2,783,526 2,567,012

PROVISIONS FOR LIABILITIES 11,636 16,053
NET ASSETS 2,771,890 2,550,959

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 2,771,889 2,550,958
SHAREHOLDERS' FUNDS 2,771,890 2,550,959

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

CREATIVE MAX LIMITED (REGISTERED NUMBER: 03892249)

BALANCE SHEET - continued
31 DECEMBER 2023


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 26 March 2024 and were signed on its behalf by:





S Claydon - Director


CREATIVE MAX LIMITED (REGISTERED NUMBER: 03892249)

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

1. STATUTORY INFORMATION

Creative Max 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
The company's turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year.

Part of the company's turnover is made up of export sales. In 2023, 3.10 % of turnover was export sales (2022: 2.67%)

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


CREATIVE MAX LIMITED (REGISTERED NUMBER: 03892249)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 11 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 33,183
AMORTISATION
At 1 January 2023 30,646
Charge for year 634
At 31 December 2023 31,280
NET BOOK VALUE
At 31 December 2023 1,903
At 31 December 2022 2,537

CREATIVE MAX LIMITED (REGISTERED NUMBER: 03892249)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 306,389
Additions 12,334
At 31 December 2023 318,723
DEPRECIATION
At 1 January 2023 240,027
Charge for year 23,273
At 31 December 2023 263,300
NET BOOK VALUE
At 31 December 2023 55,423
At 31 December 2022 66,362

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 342,380 399,327
Amounts owed by group undertakings 64,000 99,941
Other debtors 307,958 166,433
714,338 665,701

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 122,335 71,167
Amounts owed to group undertakings 22,666 34,497
Taxation and social security 74,325 153,709
Other creditors 211,457 243,579
430,783 502,952

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1