Creative Bytes Limited 01828525 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is consultancy services in book publishing. Digita Accounts Production Advanced 6.30.9574.0 true 01828525 2022-08-01 2023-07-31 01828525 2023-07-31 01828525 bus:OrdinaryShareClass1 2023-07-31 01828525 core:CurrentFinancialInstruments 2023-07-31 01828525 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 01828525 bus:SmallEntities 2022-08-01 2023-07-31 01828525 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 01828525 bus:FullAccounts 2022-08-01 2023-07-31 01828525 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 01828525 bus:RegisteredOffice 2022-08-01 2023-07-31 01828525 bus:CompanySecretaryDirector1 2022-08-01 2023-07-31 01828525 bus:Director1 2022-08-01 2023-07-31 01828525 bus:Director3 2022-08-01 2023-07-31 01828525 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 01828525 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 01828525 countries:EnglandWales 2022-08-01 2023-07-31 01828525 2021-08-01 2022-07-31 01828525 2022-07-31 01828525 bus:OrdinaryShareClass1 2022-07-31 01828525 core:CurrentFinancialInstruments 2022-07-31 01828525 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01828525

Creative Bytes Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

 

Creative Bytes Limited

Contents

Company Information

1

Statement of Directors' Responsibilities

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Creative Bytes Limited

Company Information

Directors

M A Raine

Miss S Tarsky

Ms A Bertacco

Company secretary

Miss S Tarsky

Registered office

42-46 Station Road
Edgware
Middlesex
HA8 7AB

Accountants

Harris Kafton Limited
Chartered Accountants
42-46 Station Road
Edgware
Middlesex
HA8 7AB

 

Creative Bytes Limited

Statement of Directors' Responsibilities

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Creative Bytes Limited

(Registration number: 01828525)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

12,656

14,356

Cash at bank and in hand

 

1,696

1,513

 

14,352

15,869

Creditors: Amounts falling due within one year

5

(9,589)

(11,621)

Net assets

 

4,763

4,248

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

4,761

4,246

Shareholders' funds

 

4,763

4,248

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 18 April 2024 and signed on its behalf by:
 

.........................................
M A Raine
Director

 

Creative Bytes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
42-46 Station Road
Edgware
Middlesex
HA8 7AB
England

These financial statements were authorised for issue by the Board on 18 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Creative Bytes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Debtors

Current

2023
£

2022
£

Trade debtors

12,656

14,356

 

Creative Bytes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Other creditors

 

9,589

11,621

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2