Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312022-06-01false2No description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02712055 2022-06-01 2023-05-31 02712055 2021-06-01 2022-05-31 02712055 2023-05-31 02712055 2022-05-31 02712055 c:Director1 2022-06-01 2023-05-31 02712055 d:PlantMachinery 2022-06-01 2023-05-31 02712055 d:PlantMachinery 2023-05-31 02712055 d:PlantMachinery 2022-05-31 02712055 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 02712055 d:FurnitureFittings 2022-06-01 2023-05-31 02712055 d:FurnitureFittings 2023-05-31 02712055 d:FurnitureFittings 2022-05-31 02712055 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 02712055 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 02712055 d:CurrentFinancialInstruments 2023-05-31 02712055 d:CurrentFinancialInstruments 2022-05-31 02712055 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 02712055 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 02712055 d:ShareCapital 2023-05-31 02712055 d:ShareCapital 2022-05-31 02712055 d:RetainedEarningsAccumulatedLosses 2023-05-31 02712055 d:RetainedEarningsAccumulatedLosses 2022-05-31 02712055 c:FRS102 2022-06-01 2023-05-31 02712055 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 02712055 c:FullAccounts 2022-06-01 2023-05-31 02712055 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 02712055 2 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 02712055









CREATIVE LICENCE DESIGN LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
CREATIVE LICENCE DESIGN LIMITED
REGISTERED NUMBER: 02712055

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,043
1,227

  
1,043
1,227

Current assets
  

Stocks
  
150
150

Debtors: amounts falling due within one year
 5 
8,874
10,770

Cash at bank and in hand
 6 
80,262
97,384

  
89,286
108,304

Creditors: amounts falling due within one year
 7 
(42,813)
(34,756)

Net current assets
  
 
 
46,473
 
 
73,548

Total assets less current liabilities
  
47,516
74,775

  

Net assets
  
47,516
74,775


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
47,416
74,675

  
47,516
74,775


Page 1

 
CREATIVE LICENCE DESIGN LIMITED
REGISTERED NUMBER: 02712055
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

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




................................................
T G R Cohen
Director

Date: 16 February 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CREATIVE LICENCE DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Creative License Design Limited is a private Limited by shares. The company is incorporated in England and Wales and its registered office is Aston House, Cornwall Avenue, London, N3 1LF. The company registered number is 02712055.

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, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
CREATIVE LICENCE DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.5

Taxation

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.

 
2.6

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 and machinery
-
15%
on a reducing balance basis
Fixtures and fittings
-
25%
on a reducing balance basis

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.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.8

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.

Page 4

 
CREATIVE LICENCE DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.12

Dividends

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
CREATIVE LICENCE DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 June 2022
12,909
2,976
15,885



At 31 May 2023

12,909
2,976
15,885



Depreciation


At 1 June 2022
11,682
2,976
14,658


Charge for the year on owned assets
184
-
184



At 31 May 2023

11,866
2,976
14,842



Net book value



At 31 May 2023
1,043
-
1,043



At 31 May 2022
1,227
-
1,227


5.


Debtors

2023
2022
£
£


Trade debtors
8,874
10,770

8,874
10,770



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
80,262
97,384

80,262
97,384


Page 6

 
CREATIVE LICENCE DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
4,956
11,313

Other taxation and social security
3,574
3,792

Other creditors
32,783
18,551

Accruals and deferred income
1,500
1,100

42,813
34,756


 
Page 7