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REGISTERED NUMBER: 12917866 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 October 2023

for

The Candle Creative Company Ltd

The Candle Creative Company Ltd (Registered number: 12917866)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


The Candle Creative Company Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs G Parker
J Parker





REGISTERED OFFICE: Aldershot Enterprise Centre
14-40 Victoria Road
Aldershot
Hampshire
GU11 1TQ





REGISTERED NUMBER: 12917866 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

The Candle Creative Company Ltd (Registered number: 12917866)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,368 2,603

CURRENT ASSETS
Stocks 5 3,771 6,917
Debtors 6 2,796 1,634
Cash at bank 13,103 25,569
19,670 34,120
CREDITORS
Amounts falling due within one year 7 (1,254 ) (6,118 )
NET CURRENT ASSETS 18,416 28,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,784

30,605

PROVISIONS FOR LIABILITIES (640 ) (495 )
NET ASSETS 21,144 30,110

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,044 30,010
21,144 30,110

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 26 July 2024 and were signed on its behalf by:





Mrs G Parker - Director


The Candle Creative Company Ltd (Registered number: 12917866)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

The Candle Creative Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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, excluding discounts, rebates, VAT and other sales taxes.

Other income
Rentals receivable are recognised on a straight line basis over the period of the agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

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.

Leasing commitments
Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

The Candle Creative Company Ltd (Registered number: 12917866)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2022 2,607
Additions 1,531
At 31 October 2023 4,138
DEPRECIATION
At 1 November 2022 4
Charge for year 766
At 31 October 2023 770
NET BOOK VALUE
At 31 October 2023 3,368
At 31 October 2022 2,603

5. STOCKS
2023 2022
£    £   
Stocks 3,771 6,917

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 942
Tax 2,293 -
VAT 257 269
Prepayments 246 423
2,796 1,634

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 347 2,534
Tax - 3,425
Social security and other taxes 43 43
Directors' loan account 739 116
Accrued expenses 125 -
1,254 6,118

The Candle Creative Company Ltd (Registered number: 12917866)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mrs G Parker and J Parker
Balance outstanding at start of year (116 ) (7,187 )
Amounts advanced - 8,072
Amounts repaid (623 ) (1,001 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (739 ) (116 )

The above loan is unsecured, repayable on demand and interest free.