Company registration number 12041475 (England and Wales)
Creating Spaces Group Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 June 2024
PAGES FOR FILING WITH REGISTRAR
Creating Spaces Group Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Creating Spaces Group Ltd
Statement Of Financial Position
as at 30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
341,559
284,209
Current assets
Stocks
52,775
121,050
Debtors
4
156,687
138,054
Cash at bank and in hand
70,513
12,083
279,975
271,187
Creditors: amounts falling due within one year
5
(487,460)
(566,644)
Net current liabilities
(207,485)
(295,457)
Total assets less current liabilities
134,074
(11,248)
Creditors: amounts falling due after more than one year
6
(10,000)
(20,000)
Net assets/(liabilities)
124,074
(31,248)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
123,974
(31,348)
Total equity
124,074
(31,248)
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Creating Spaces Group Ltd
Statement Of Financial Position (continued)
as at 30 June 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 21 August 2024 and are signed on its behalf by:
J Gill
Director
Company registration number 12041475 (England and Wales)
Creating Spaces Group Ltd
Notes to the financial statements
for the year ended 30 June 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised on the provision of goods and services.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
33.33% straight line
Motor vehicles
33.33% straight line
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
Creating Spaces Group Ltd
Notes to the financial statements (continued)
for the year ended 30 June 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
10
11
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 July 2023
656,364
2,000
658,364
Additions
72,149
72,149
At 30 June 2024
728,513
2,000
730,513
Depreciation and impairment
At 1 July 2023
373,766
389
374,155
Depreciation charged in the year
14,132
667
14,799
At 30 June 2024
387,898
1,056
388,954
Carrying amount
At 30 June 2024
340,615
944
341,559
At 30 June 2023
282,598
1,611
284,209
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
131,344
121,281
Prepayments and accrued income
25,343
16,773
156,687
138,054
Creating Spaces Group Ltd
Notes to the financial statements (continued)
for the year ended 30 June 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,000
10,000
Trade creditors
244,932
221,712
Corporation tax
11,147
Other taxation and social security
39,189
35,825
Other creditors
142,321
276,902
Accruals and deferred income
39,871
22,205
487,460
566,644
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
10,000
20,000
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
10
10
10
10
B Ordinary shares of £1 each
90
90
90
90
100
100
100
100
8
Parent company
The ultimate parent company is Bright Spark Holdings Ltd, a company incorporated in England and Wales, whose registered office is Engineers Works, Wakefield Road, Copley, Halifax, HX3 0TP.
9
Company information
Creating Spaces Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Engineers Works, Wakefield Road, Copley, Halifax, West Yorkshire, HX3 0TP.