IRIS Accounts Production v24.2.0.383 07901562 director 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary £0.01p 0.01000 Ordinary A £0.01p 0.01000 Ordinary B £0.01p 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079015622023-01-31079015622024-01-31079015622023-02-012024-01-31079015622022-01-31079015622022-02-012023-01-31079015622023-01-3107901562ns15:EnglandWales2023-02-012024-01-3107901562ns14:PoundSterling2023-02-012024-01-3107901562ns10:Director12023-02-012024-01-3107901562ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3107901562ns10:SmallEntities2023-02-012024-01-3107901562ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3107901562ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3107901562ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3107901562ns10:FullAccounts2023-02-012024-01-3107901562ns10:OrdinaryShareClass32023-02-012024-01-3107901562ns10:OrdinaryShareClass42023-02-012024-01-3107901562ns10:OrdinaryShareClass52023-02-012024-01-3107901562ns10:RegisteredOffice2023-02-012024-01-3107901562ns5:CurrentFinancialInstruments2024-01-3107901562ns5:CurrentFinancialInstruments2023-01-3107901562ns5:Non-currentFinancialInstruments2024-01-3107901562ns5:Non-currentFinancialInstruments2023-01-3107901562ns5:ShareCapital2024-01-3107901562ns5:ShareCapital2023-01-3107901562ns5:RetainedEarningsAccumulatedLosses2024-01-3107901562ns5:RetainedEarningsAccumulatedLosses2023-01-3107901562ns5:PlantMachinery2023-02-012024-01-3107901562ns5:FurnitureFittings2023-02-012024-01-3107901562ns5:MotorVehicles2023-02-012024-01-3107901562ns5:PlantMachinery2023-01-3107901562ns5:FurnitureFittings2023-01-3107901562ns5:MotorVehicles2023-01-3107901562ns5:PlantMachinery2024-01-3107901562ns5:FurnitureFittings2024-01-3107901562ns5:MotorVehicles2024-01-3107901562ns5:PlantMachinery2023-01-3107901562ns5:FurnitureFittings2023-01-3107901562ns5:MotorVehicles2023-01-3107901562ns5:CostValuation2023-01-3107901562ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3107901562ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3107901562ns5:CurrentFinancialInstruments2023-02-012024-01-3107901562ns5:DeferredTaxation2023-01-3107901562ns5:DeferredTaxation2023-02-012024-01-3107901562ns5:DeferredTaxation2024-01-3107901562ns10:OrdinaryShareClass32024-01-3107901562ns10:OrdinaryShareClass42024-01-3107901562ns10:OrdinaryShareClass52024-01-31
REGISTERED NUMBER: 07901562 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 31 January 2024

for

Calm Creative Limited

Calm Creative Limited (Registered number: 07901562)

Contents of the Financial Statements
For The Year Ended 31 January 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Calm Creative Limited

Company Information
For The Year Ended 31 January 2024







DIRECTOR: M R Went





REGISTERED OFFICE: Markhams Cottage
Pleshey
Essex
CM3 1HY





REGISTERED NUMBER: 07901562 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

Calm Creative Limited (Registered number: 07901562)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,560 39,179
Investments 5 44 44
67,604 39,223

CURRENT ASSETS
Debtors 6 105,167 175,720
Cash at bank 437,699 253,211
542,866 428,931
CREDITORS
Amounts falling due within one year 7 306,539 206,665
NET CURRENT ASSETS 236,327 222,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

303,931

261,489

CREDITORS
Amounts falling due after more than one
year

8

(43,690

)

(21,025

)

PROVISIONS FOR LIABILITIES 9 (16,890 ) (8,999 )
NET ASSETS 243,351 231,465

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 243,251 231,365
SHAREHOLDERS' FUNDS 243,351 231,465

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Calm Creative Limited (Registered number: 07901562)

Statement of Financial Position - continued
31 January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2024 and were signed by:





M R Went - Director


Calm Creative Limited (Registered number: 07901562)

Notes to the Financial Statements
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

Calm Creative Limited is a private company, limited by shares , registered in England and Wales. 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.


Calm Creative Limited (Registered number: 07901562)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Government grants
Grants relating to revenue shall be recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023 12,964 1,319 46,719 61,002
Additions 1,945 - 48,853 50,798
At 31 January 2024 14,909 1,319 95,572 111,800
DEPRECIATION
At 1 February 2023 5,213 545 16,065 21,823
Charge for year 2,424 116 19,877 22,417
At 31 January 2024 7,637 661 35,942 44,240
NET BOOK VALUE
At 31 January 2024 7,272 658 59,630 67,560
At 31 January 2023 7,751 774 30,654 39,179

Calm Creative Limited (Registered number: 07901562)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023
and 31 January 2024 44
NET BOOK VALUE
At 31 January 2024 44
At 31 January 2023 44

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors (1,482 ) 67,287
Other debtors 106,649 108,433
105,167 175,720

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,700 8,700
Hire purchase contracts 2,792 -
Trade creditors 255,086 175,521
Taxation and social security 36,956 12,369
Other creditors 3,005 10,075
306,539 206,665

Included within bank loans and overdrafts is a loan taken out under the BBL scheme.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,325 21,025
Hire purchase contracts 31,365 -
43,690 21,025

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 16,890 8,999

Deferred
tax
£   
Balance at 1 February 2023 8,999
Provided during year 7,891
Balance at 31 January 2024 16,890

Calm Creative Limited (Registered number: 07901562)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary £0.01p 1p 50 50
4,900 Ordinary A £0.01p 1p 49 49
100 Ordinary B £0.01p 1p 1 1
100 100