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Unaudited Financial Statements for the Year Ended 31 March 2024

for

Creative Nevada Ltd

Creative Nevada Ltd (Registered number: SC501054)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Creative Nevada Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D M Sherlock





SECRETARY:





REGISTERED OFFICE: 73 Stirling Business Centre
Wellgreen Place
Stirling
FK8 2DZ





REGISTERED NUMBER: SC501054 (Scotland)





ACCOUNTANTS: LMC Accountants Ltd
Chartered Accountants
73 Stirling Business Centre
Wellgreen Place
Stirling
FK8 2DZ

Creative Nevada Ltd (Registered number: SC501054)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,598 6,000

CURRENT ASSETS
Cash at bank 50,729 19,430

CREDITORS
Amounts falling due within one year 5 18,805 10,078
NET CURRENT ASSETS 31,924 9,352
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,522

15,352

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 7 37,521 15,351
SHAREHOLDERS' FUNDS 37,522 15,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 23 August 2024 and were signed by:





D M Sherlock - Director


Creative Nevada Ltd (Registered number: SC501054)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Creative Nevada Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

Turnover
Turnover represents net invoiced sales of goods/services, including value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Creative Nevada Ltd (Registered number: SC501054)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 11,329
Additions 1,464
At 31 March 2024 12,793
DEPRECIATION
At 1 April 2023 5,329
Charge for year 1,866
At 31 March 2024 7,195
NET BOOK VALUE
At 31 March 2024 5,598
At 31 March 2023 6,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 4,195 4,773
Taxation and social security 12,053 2,834
Other creditors 2,557 2,471
18,805 10,078

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1

7. RESERVES
Retained
earnings
£   

At 1 April 2023 15,351
Profit for the year 37,670
Dividends (15,500 )
At 31 March 2024 37,521

Creative Nevada Ltd (Registered number: SC501054)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D M Sherlock
Balance outstanding at start of year (11 ) (8 )
Amounts advanced 10 (3 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1 ) (11 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is D M Sherlock.