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REGISTERED NUMBER: 06660990 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

CREATIVE SHED AGENCY LTD

CREATIVE SHED AGENCY LTD (REGISTERED NUMBER: 06660990)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CREATIVE SHED AGENCY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: R Pal
Mrs M Pal





REGISTERED OFFICE: Unit 3
Finkle Court
Sherburn-in-Elmet
Leeds
North Yorkshire
LS25 6EB





REGISTERED NUMBER: 06660990 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

CREATIVE SHED AGENCY LTD (REGISTERED NUMBER: 06660990)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,925 6,073

CURRENT ASSETS
Stocks 200 200
Debtors 5 23,466 16,008
Cash at bank and in hand 8,270 15,095
31,936 31,303
CREDITORS
Amounts falling due within one year 6 25,164 15,560
NET CURRENT ASSETS 6,772 15,743
TOTAL ASSETS LESS CURRENT LIABILITIES 11,697 21,816

CREDITORS
Amounts falling due after more than one year 7 (9,583 ) (14,583 )

PROVISIONS FOR LIABILITIES (936 ) (1,154 )
NET ASSETS 1,178 6,079

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,176 6,077
SHAREHOLDERS' FUNDS 1,178 6,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 30th April 2024 and were signed on its behalf by:




Mrs M Pal - Director


CREATIVE SHED AGENCY LTD (REGISTERED NUMBER: 06660990)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Creative Shed Agency Ltd 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
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue is recognised once the service has been completed and where it is virtually certain that payment will be received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Government grants
Apprenticeship grant income is recognised in the accounts on a straight line basis over the period of each relevant employee's funding.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

CREATIVE SHED AGENCY LTD (REGISTERED NUMBER: 06660990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2023 6,232 18,375 24,607
Additions 495 - 495
At 31st December 2023 6,727 18,375 25,102
DEPRECIATION
At 1st January 2023 4,881 13,653 18,534
Charge for year 462 1,181 1,643
At 31st December 2023 5,343 14,834 20,177
NET BOOK VALUE
At 31st December 2023 1,384 3,541 4,925
At 31st December 2022 1,351 4,722 6,073

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 21,718 14,521
Other debtors 1,748 1,487
23,466 16,008

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 418 361
Taxation and social security 13,648 6,940
Other creditors 6,098 3,259
25,164 15,560

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 9,583 14,583

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £5 (2022 - £384) to members of key management personnel. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year.