IRIS Accounts Production v24.1.9.2 03463024 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034630242022-11-30034630242023-11-30034630242022-12-012023-11-30034630242021-11-30034630242021-12-012022-11-30034630242022-11-3003463024ns15:EnglandWales2022-12-012023-11-3003463024ns14:PoundSterling2022-12-012023-11-3003463024ns10:Director12022-12-012023-11-3003463024ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3003463024ns10:SmallEntities2022-12-012023-11-3003463024ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3003463024ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3003463024ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3003463024ns10:FullAccounts2022-12-012023-11-300346302412022-12-012023-11-3003463024ns10:Director22022-12-012023-11-3003463024ns10:Director32022-12-012023-11-3003463024ns10:CompanySecretary12022-12-012023-11-3003463024ns10:RegisteredOffice2022-12-012023-11-3003463024ns5:CurrentFinancialInstruments2023-11-3003463024ns5:CurrentFinancialInstruments2022-11-3003463024ns5:Non-currentFinancialInstruments2023-11-3003463024ns5:Non-currentFinancialInstruments2022-11-3003463024ns5:ShareCapital2023-11-3003463024ns5:ShareCapital2022-11-3003463024ns5:RetainedEarningsAccumulatedLosses2023-11-3003463024ns5:RetainedEarningsAccumulatedLosses2022-11-3003463024ns5:NetGoodwill2022-12-012023-11-3003463024ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3003463024ns5:NetGoodwill2022-11-3003463024ns5:NetGoodwill2023-11-3003463024ns5:NetGoodwill2022-11-3003463024ns5:LandBuildings2022-11-3003463024ns5:PlantMachinery2022-11-3003463024ns5:MotorVehicles2022-11-3003463024ns5:LandBuildings2022-12-012023-11-3003463024ns5:PlantMachinery2022-12-012023-11-3003463024ns5:MotorVehicles2022-12-012023-11-3003463024ns5:LandBuildings2023-11-3003463024ns5:PlantMachinery2023-11-3003463024ns5:MotorVehicles2023-11-3003463024ns5:LandBuildings2022-11-3003463024ns5:PlantMachinery2022-11-3003463024ns5:MotorVehicles2022-11-3003463024ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-3003463024ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-012023-11-3003463024ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-11-3003463024ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-3003463024ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3003463024ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3003463024ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-11-3003463024ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-11-3003463024ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-3003463024ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-11-3003463024ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-11-3003463024ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-11-3003463024ns5:DeferredTaxation2022-11-3003463024ns5:DeferredTaxation2022-12-012023-11-3003463024ns5:DeferredTaxation2023-11-3003463024ns5:OtherTransactionType12022-12-012023-11-30
REGISTERED NUMBER: 03463024 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

CREATIVE FX BROMLEY LIMITED

CREATIVE FX BROMLEY LIMITED (REGISTERED NUMBER: 03463024)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CREATIVE FX BROMLEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr S Davis
Miss I Wood-Davis
Mrs S Wood-Davis





SECRETARY: Mr S Davis





REGISTERED OFFICE: 12 High Street
Stanford le Hope
Essex
SS17 0EY





REGISTERED NUMBER: 03463024 (England and Wales)





ACCOUNTANTS: Elliott, Mortlock, Busby & Co Limited
12 High Street
Stanford le Hope
Essex
SS17 0EY

CREATIVE FX BROMLEY LIMITED (REGISTERED NUMBER: 03463024)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 162,165 104,870
162,165 104,870

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 7 591,074 510,101
Cash at bank 189,550 243,304
783,624 756,405
CREDITORS
Amounts falling due within one year 8 197,279 188,334
NET CURRENT ASSETS 586,345 568,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

748,510

672,941

CREDITORS
Amounts falling due after more than one year 9 (80,100 ) (37,917 )

PROVISIONS FOR LIABILITIES 11 (21,892 ) (6,228 )
NET ASSETS 646,518 628,796

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 646,413 628,691
SHAREHOLDERS' FUNDS 646,518 628,796

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

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

CREATIVE FX BROMLEY LIMITED (REGISTERED NUMBER: 03463024)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 21 June 2024 and were signed on its behalf by:





Mr S Davis - Director


CREATIVE FX BROMLEY LIMITED (REGISTERED NUMBER: 03463024)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Creative FX Bromley 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of goods and services in the ordinary course of the company's activities. Turnover is shown net of value added tax, 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.

Goodwill
Goodwill, being the amount paid with the acquisition of the business in 1998, was fully amortised over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter.

Plant and equipment 25% and 33% on reducing balance
Motor vehicles25% on reducing balance
Capital Expenditure on premises5 years on straight line

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


CREATIVE FX BROMLEY LIMITED (REGISTERED NUMBER: 03463024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Hire purchase
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets and are depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Pension costs and other post-retirement benefits
The company operates two defined contribution pension schemes, for the director and employees. The assets of the scheme are held separately from those of the company in independently administered funds.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 12 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 400
AMORTISATION
At 1 December 2022
and 30 November 2023 400
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

CREATIVE FX BROMLEY LIMITED (REGISTERED NUMBER: 03463024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. TANGIBLE FIXED ASSETS
Capital
expenditure
on Plant and Motor
premises equipment vehicles Totals
£    £    £    £   
COST
At 1 December 2022 20,986 132,391 232,360 385,737
Additions - 7,221 86,924 94,145
Disposals - - (53,781 ) (53,781 )
At 30 November 2023 20,986 139,612 265,503 426,101
DEPRECIATION
At 1 December 2022 4,802 95,049 181,016 280,867
Charge for year - 11,935 21,886 33,821
Eliminated on disposal - - (50,752 ) (50,752 )
At 30 November 2023 4,802 106,984 152,150 263,936
NET BOOK VALUE
At 30 November 2023 16,184 32,628 113,353 162,165
At 30 November 2022 16,184 37,342 51,344 104,870

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2022 23,072
Additions 63,929
At 30 November 2023 87,001
DEPRECIATION
At 1 December 2022
and 30 November 2023 15,163
NET BOOK VALUE
At 30 November 2023 71,838
At 30 November 2022 7,909

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 79,788 98,442
Other debtors 511,286 411,659
591,074 510,101

CREATIVE FX BROMLEY LIMITED (REGISTERED NUMBER: 03463024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 5,840 1,582
Trade creditors 80,862 73,990
Corporation tax - 5,860
Social security and other taxes 36,754 36,165
Other creditors 65,969 63,710
Directors' current accounts 2,854 2,027
197,279 188,334

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 15,000 15,000
Bank loans more 5 yr by instal 12,917 17,917
Hire purchase contracts 47,183 -
80,100 37,917

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,917 17,917

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 53,023 1,582

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 21,892 6,228

CREATIVE FX BROMLEY LIMITED (REGISTERED NUMBER: 03463024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2022 6,228
Charge to Income Statement during year 15,664
Balance at 30 November 2023 21,892

The provision for deferred taxation is made up of accelerated capital allowances.

12. PENSION COMMITMENTS

The company operates two defined contribution pension schemes, for the directors and employees. The assets of the schemes are held separately from those of the company in independently administered funds. At the balance sheet date there were £836 unpaid contributions (2022: £981).

13. OTHER FINANCIAL COMMITMENTS

The Company has a total commitments, guarantees and contingencies as at year end 2023 of £4,500 (2022: £19,156) included in the above are minimum lease payments under non-cancellable operating leases, falling due as follows:


20232022
££

Within one year4,50014,656
Between one and five years-4,500


4,50019,146

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

20232022
££

Balance outstanding at start of year--
Amounts advanced10,000-
Amounts repaid--
Balance outstanding at end of year10,000-

The loan is included within other debtors, has been provided interest free and is repayable on demand.

CREATIVE FX BROMLEY LIMITED (REGISTERED NUMBER: 03463024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

15. RELATED PARTY DISCLOSURES

During the year the company made a loan of £487,378 (2022- £399,823) to another company under the control of one of the director's. The loan is interest free and repayable on demand (Included within other debtors).