Registered number
07073906
Creative Learning Solutions Limited
Filleted Accounts
30 November 2023
Creative Learning Solutions Limited
Registered number: 07073906
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,103 1,646
Current assets
Debtors 4 5,427 5,753
Cash at bank and in hand 3,739 14,433
9,166 20,186
Creditors: amounts falling due within one year 5 (21,877) (26,544)
Net current liabilities (12,711) (6,358)
Net liabilities (11,608) (4,712)
Capital and reserves
Called up share capital 100 100
Profit and loss account (11,708) (4,812)
Shareholders' funds (11,608) (4,712)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K P Ripper
Director
Approved by the board on 28 August 2024
Creative Learning Solutions Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33% at cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Going concern
The company’s balance sheet shows a net liability position. However, the director considers the company can continue to rely upon his own support to ensure that its liabilities can be settled when they fall due. Accordingly, these financial statements have been prepared on a going concern basis and do not include any provision for adjustments that may become necessary if the support referred to above were withdrawn.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Computer equipment
£
Cost
At 1 December 2022 22,719
At 30 November 2023 22,719
Depreciation
At 1 December 2022 21,073
Charge for the year 543
At 30 November 2023 21,616
Net book value
At 30 November 2023 1,103
At 30 November 2022 1,646
4 Debtors 2023 2022
£ £
Trade debtors 5,427 5,753
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 116 257
Taxation and social security costs 615 3,121
Other creditors 21,146 23,166
21,877 26,544
6 Other information
Creative Learning Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Mill
Kingsteignton Road
Newton Abbot
Devon
TQ12 2QA
Creative Learning Solutions Limited 07073906 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 K P Ripper No description of principal activity 07073906 2021-12-01 2022-11-30 07073906 core:WithinOneYear 2022-11-30 07073906 core:ShareCapital 2022-11-30 07073906 core:RetainedEarningsAccumulatedLosses 2022-11-30 07073906 2022-12-01 2023-11-30 07073906 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07073906 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 07073906 bus:Director40 2022-12-01 2023-11-30 07073906 1 2022-12-01 2023-11-30 07073906 2 2022-12-01 2023-11-30 07073906 core:PlantMachinery 2022-12-01 2023-11-30 07073906 countries:England 2022-12-01 2023-11-30 07073906 bus:FRS102 2022-12-01 2023-11-30 07073906 bus:FilletedAccounts 2022-12-01 2023-11-30 07073906 2023-11-30 07073906 core:WithinOneYear 2023-11-30 07073906 core:ShareCapital 2023-11-30 07073906 core:RetainedEarningsAccumulatedLosses 2023-11-30 07073906 core:PlantMachinery 2023-11-30 07073906 2022-11-30 07073906 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure