Creativity for Life Limited |
Registered Number:08526981 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2023
Creativity for Life Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Creativity for Life Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
683
2,463
2
683
2,463
Trade and other receivables |
2,474
3,390
3
10,768
Cash and cash equivalents |
4,693
8,083
13,242
Trade and other payables: amounts falling due within one |
year |
(12,418)
(11,051)
4
824
(2,968)
Net current liabilities
Total assets less current liabilities |
(2,285)
3,287
-
(468)
Provisions for liabilities |
(2,285)
Net assets/liabilities
2,819
1
1
(2,286)
2,818
(2,285)
2,819
Shareholders' funds
For the year ended 30 November 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 29 August 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 November 2023
Creativity for Life Limited
Notes to the Financial Statements
Statutory Information
Creativity for Life Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 08526981. |
Principal place of business: |
Wick Cottage
Stolford
Bridgwater
Somerset
TA5 1TL
The Oast
EMR Centre, New Road
East Malling
Kent
ME19 6BJ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is recognised at the fair value of the consideration received or receivable for graphc design services provided in the year. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Fixtures, Fittings & Equipment
Going Concern
At 30 November 2023, the company had net current liabilities of £2,968 and net liabilities of £2,285. The director has |
considered the availability of working capital at 30 November and is of the opinion that this will be sufficient to enable |
the company to continue operating for at least the 12 months from the date of signing these accounts, and pay its |
debts as they fall due. The director has therefore concluded that the accounts should be prepared on a going |
concern basis. |
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For the year ended 30 November 2023
Creativity for Life Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Fixtures, |
Fittings & |
Equipment |
17,536
17,536
Provision for depreciation and impairment |
15,073
Charge for year
1,780
16,853
683
2,463
3. Trade and other receivables |
2022
2023
3,390
2,474
4. Trade and other payables: amounts falling due within one year |
2022
2023
673
-
10,378
12,418
11,051
12,418
5. Average number of persons employed |
During the year the average number of employees was 1 (2022 : 1)
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