Company Registration No. 08969288 (England and Wales)
CREATIVITY WORKS PRESTON
Unaudited accounts
for the year ended 31 July 2023
CREATIVITY WORKS PRESTON
Unaudited accounts
Contents
CREATIVITY WORKS PRESTON
Company Information
for the year ended 31 July 2023
Company Number
08969288 (England and Wales)
Registered Office
33 SHEPHERD STREET
PRESTON
PR1 3UE
Accountants
SMART ACCOUNTING (NW) LTD
239 RIBBLETON LANE
PRESTON
PR1 5EA
CREATIVITY WORKS PRESTON
Statement of financial position
as at 31 July 2023
Tangible assets
10,959
13,364
Cash at bank and in hand
63,520
65,672
Creditors: amounts falling due within one year
(46,191)
(83,570)
Net current assets/(liabilities)
26,716
(8,410)
Total assets less current liabilities
37,675
4,954
Creditors: amounts falling due after more than one year
(43,349)
-
Net (liabilities)/assets
(5,674)
4,954
Profit and loss account
(5,674)
4,954
Shareholders' funds
(5,674)
4,954
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 February 2024 and were signed on its behalf by
Steven Egan
Director
Company Registration No. 08969288
CREATIVITY WORKS PRESTON
Notes to the Accounts
for the year ended 31 July 2023
CREATIVITY WORKS PRESTON is a private company, limited by shares, registered in England and Wales, registration number 08969288. The registered office is 33 SHEPHERD STREET, PRESTON, PR1 3UE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% on WDV
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
2,159
15,821
17,980
At 31 July 2023
2,159
15,821
17,980
At 1 August 2022
1,768
2,848
4,616
Charge for the year
70
2,335
2,405
At 31 July 2023
1,838
5,183
7,021
At 31 July 2023
321
10,638
10,959
At 31 July 2022
391
12,973
13,364
CREATIVITY WORKS PRESTON
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
37,580
Trade creditors
6,175
25,999
Taxes and social security
40,016
3,578
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 20 (2022: 20).