Silverfin false false 31/01/2024 01/02/2023 31/01/2024 Andrea Veronica Mckay 04/01/2013 Jonathan Alexander Mckay 04/01/2013 03 August 2024 The principal activity of the Company during the financial year was that of graphic design. SC439614 2024-01-31 SC439614 bus:Director1 2024-01-31 SC439614 bus:Director2 2024-01-31 SC439614 2023-01-31 SC439614 core:CurrentFinancialInstruments 2024-01-31 SC439614 core:CurrentFinancialInstruments 2023-01-31 SC439614 core:Non-currentFinancialInstruments 2024-01-31 SC439614 core:Non-currentFinancialInstruments 2023-01-31 SC439614 core:ShareCapital 2024-01-31 SC439614 core:ShareCapital 2023-01-31 SC439614 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC439614 core:RetainedEarningsAccumulatedLosses 2023-01-31 SC439614 core:OtherPropertyPlantEquipment 2023-01-31 SC439614 core:OtherPropertyPlantEquipment 2024-01-31 SC439614 bus:OrdinaryShareClass1 2024-01-31 SC439614 2023-02-01 2024-01-31 SC439614 bus:FilletedAccounts 2023-02-01 2024-01-31 SC439614 bus:SmallEntities 2023-02-01 2024-01-31 SC439614 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 SC439614 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC439614 bus:Director1 2023-02-01 2024-01-31 SC439614 bus:Director2 2023-02-01 2024-01-31 SC439614 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 SC439614 2022-02-01 2023-01-31 SC439614 core:CurrentFinancialInstruments 2023-02-01 2024-01-31 SC439614 core:Non-currentFinancialInstruments 2023-02-01 2024-01-31 SC439614 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 SC439614 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC439614 (Scotland)

ATTAIN CREATIVE LTD.

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH THE REGISTRAR

ATTAIN CREATIVE LTD.

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024

Contents

ATTAIN CREATIVE LTD.

BALANCE SHEET

AS AT 31 JANUARY 2024
ATTAIN CREATIVE LTD.

BALANCE SHEET (continued)

AS AT 31 JANUARY 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 53,865 66,771
53,865 66,771
Current assets
Debtors 4 3,428 8,871
Cash at bank and in hand 20,379 21,560
23,807 30,431
Creditors: amounts falling due within one year 5 ( 36,585) ( 22,299)
Net current (liabilities)/assets (12,778) 8,132
Total assets less current liabilities 41,087 74,903
Creditors: amounts falling due after more than one year 6 ( 24,681) ( 37,127)
Provision for liabilities ( 13,483) ( 14,982)
Net assets 2,923 22,794
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 2,823 22,694
Total shareholders' funds 2,923 22,794

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Attain Creative Ltd. (registered number: SC439614) were approved and authorised for issue by the Board of Directors on 03 August 2024. They were signed on its behalf by:

Jonathan Alexander Mckay
Director
ATTAIN CREATIVE LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
ATTAIN CREATIVE LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Attain Creative Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 11 Cairnhill Drive, Fraserburgh, AB43 9ST, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts receivable for graphic design net of VAT and is recognised at the point of invoice.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Financial assets
Assets are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2023 79,073 79,073
Additions 5,963 5,963
Disposals ( 9,474) ( 9,474)
At 31 January 2024 75,562 75,562
Accumulated depreciation
At 01 February 2023 12,302 12,302
Charge for the financial year 16,766 16,766
Disposals ( 7,371) ( 7,371)
At 31 January 2024 21,697 21,697
Net book value
At 31 January 2024 53,865 53,865
At 31 January 2023 66,771 66,771

4. Debtors

2024 2023
£ £
Trade debtors 2,186 8,864
Other debtors 1,242 7
3,428 8,871

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 155 1,060
Taxation and social security 21,535 7,515
Obligations under finance leases and hire purchase contracts 12,446 11,725
Other creditors 2,449 1,999
36,585 22,299

The hire purchase liabilities are secured over the assets to which they relate to.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 24,681 37,127

The hire purchase liabilities are secured over the assets to which they relate to.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 A ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts due from directors 443 3

This loan was fully repaid within 9 months of the year end and is interest free.