IRIS Accounts Production v23.3.1.45 04235778 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042357782022-06-30042357782023-06-30042357782022-07-012023-06-30042357782021-06-30042357782021-07-012022-06-30042357782022-06-3004235778ns10:Originalns15:EnglandWales2022-07-012023-06-3004235778ns14:PoundSterlingns10:Original2022-07-012023-06-3004235778ns10:Originalns10:Director12022-07-012023-06-3004235778ns10:Original2022-07-012023-06-3004235778ns10:Original2023-06-3004235778ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3004235778ns10:Originalns10:SmallEntities2022-07-012023-06-3004235778ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3004235778ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3004235778ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3004235778ns10:Originalns10:FullAccounts2022-07-012023-06-3004235778ns10:Original12022-07-012023-06-3004235778ns10:Originalns10:Director22022-07-012023-06-3004235778ns10:Originalns10:Director32022-07-012023-06-3004235778ns10:CompanySecretary1ns10:Original2022-07-012023-06-3004235778ns10:Originalns10:RegisteredOffice2022-07-012023-06-3004235778ns10:Original2022-06-3004235778ns10:Originalns5:CurrentFinancialInstruments2023-06-3004235778ns10:Originalns5:CurrentFinancialInstruments2022-06-3004235778ns5:ShareCapitalns10:Original2023-06-3004235778ns5:ShareCapitalns10:Original2022-06-3004235778ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3004235778ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3004235778ns10:Originalns5:NetGoodwill2022-07-012023-06-3004235778ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-07-012023-06-3004235778ns10:Originalns5:PlantMachinery2022-07-012023-06-3004235778ns10:Originalns5:FurnitureFittings2022-07-012023-06-3004235778ns10:Original2021-07-012022-06-3004235778ns10:Originalns5:NetGoodwill2022-06-3004235778ns10:Originalns5:NetGoodwill2023-06-3004235778ns10:Originalns5:NetGoodwill2022-06-3004235778ns10:Originalns5:PlantMachinery2022-06-3004235778ns10:Originalns5:FurnitureFittings2022-06-3004235778ns10:Original2022-06-3004235778ns10:Originalns5:PlantMachinery2023-06-3004235778ns10:Originalns5:FurnitureFittings2023-06-3004235778ns10:Originalns5:PlantMachinery2022-06-3004235778ns10:Originalns5:FurnitureFittings2022-06-3004235778ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3004235778ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 04235778 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30th June 2023

for

Creative Technology (R & D) Limited

Creative Technology (R & D) Limited (Registered number: 04235778)






Contents of the Financial Statements
for the Year Ended 30th June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Creative Technology (R & D) Limited

Company Information
for the Year Ended 30th June 2023







DIRECTORS: R M Bland
D S Taylor
G Martin





SECRETARY: R M Bland





REGISTERED OFFICE: 10 Park Street
Uttoxeter
Staffordshire
ST14 7AG





REGISTERED NUMBER: 04235778 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

Creative Technology (R & D) Limited (Registered number: 04235778)

Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 331 487
331 487

CURRENT ASSETS
Debtors 6 132,335 143,165
Cash at bank 178,586 241,593
310,921 384,758
CREDITORS
Amounts falling due within one year 7 62,502 65,223
NET CURRENT ASSETS 248,419 319,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,750

320,022

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 248,600 319,872
SHAREHOLDERS' FUNDS 248,750 320,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 Technology (R & D) Limited (Registered number: 04235778)

Balance Sheet - continued
30th June 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 1st February 2024 and were signed on its behalf by:





D S Taylor - Director


Creative Technology (R & D) Limited (Registered number: 04235778)

Notes to the Financial Statements
for the Year Ended 30th June 2023

1. STATUTORY INFORMATION

Creative Technology (R & D) 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
Turnover comprises the value of sales ( excluding VAT, similar taxes and trade discounts) of goods and services provided in the normal course of business. Revenue is recognised when goods are delivered and hence is the point at which risk and rewards of ownership pass to the buyer. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, has been amortised evenly over its estimated useful life of ten years.

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.

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 - 33% on reducing balance
Fixtures and fittings - 25% on reducing balance

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 Technology (R & D) Limited (Registered number: 04235778)

Notes to the Financial Statements - continued
for the Year Ended 30th June 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.

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 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2022
and 30th June 2023 45,000
AMORTISATION
At 1st July 2022
and 30th June 2023 45,000
NET BOOK VALUE
At 30th June 2023 -
At 30th June 2022 -

Creative Technology (R & D) Limited (Registered number: 04235778)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st July 2022
and 30th June 2023 20,293 480 20,773
DEPRECIATION
At 1st July 2022 19,834 452 20,286
Charge for year 149 7 156
At 30th June 2023 19,983 459 20,442
NET BOOK VALUE
At 30th June 2023 310 21 331
At 30th June 2022 459 28 487

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,529 90,598
Other debtors 114,806 52,567
132,335 143,165

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 168
Taxation and social security 54,438 58,632
Other creditors 8,064 6,423
62,502 65,223