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REGISTERED NUMBER: 08204810 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30th September 2023

for

Creative Driveways of Lancashire Limited

Creative Driveways of Lancashire Limited (Registered number: 08204810)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Creative Driveways of Lancashire Limited

Company Information
for the Year Ended 30th September 2023







DIRECTORS: Mr M M Lockley
Mr I R Lockley





SECRETARY: Mrs K J Lockley





REGISTERED OFFICE: C/O Towers + Gornall Ltd
River View, 96 High Street
Garstang
Preston
Lancashire
PR3 1WZ





REGISTERED NUMBER: 08204810 (England and Wales)





ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ

Creative Driveways of Lancashire Limited (Registered number: 08204810)

Balance Sheet
30th September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 28,794 34,481

CURRENT ASSETS
Inventories 10,790 21,260
Debtors 5 4,391 13,640
Cash at bank 38,867 56,253
54,048 91,153
CREDITORS
Amounts falling due within one year 6 48,565 98,700
NET CURRENT ASSETS/(LIABILITIES) 5,483 (7,547 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,277

26,934

PROVISIONS FOR LIABILITIES 5,471 6,551
NET ASSETS 28,806 20,383

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 28,606 20,183
28,806 20,383

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

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 10th April 2024 and were signed on its behalf by:




Mr M M Lockley - Director



Mr I R Lockley - Director


Creative Driveways of Lancashire Limited (Registered number: 08204810)

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


1. STATUTORY INFORMATION

Creative Driveways of Lancashire 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.

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2022 - 7 ) .

Creative Driveways of Lancashire Limited (Registered number: 08204810)

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


4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st October 2022 32,338 56,254 2,487 91,079
Additions 754 - - 754
Disposals - - (359 ) (359 )
At 30th September 2023 33,092 56,254 2,128 91,474
DEPRECIATION
At 1st October 2022 6,981 48,138 1,479 56,598
Charge for year 3,916 2,029 496 6,441
Eliminated on disposal - - (359 ) (359 )
At 30th September 2023 10,897 50,167 1,616 62,680
NET BOOK VALUE
At 30th September 2023 22,195 6,087 512 28,794
At 30th September 2022 25,357 8,116 1,008 34,481

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,653 11,145
Other debtors 2,738 2,495
4,391 13,640

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,457 16,066
Taxation and social security 29,819 43,753
Other creditors 9,289 38,881
48,565 98,700