IRIS Accounts Production v24.2.0.383 14080835 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh140808352023-05-31140808352024-05-31140808352023-06-012024-05-31140808352022-05-02140808352022-05-032023-05-31140808352023-05-3114080835ns15:EnglandWales2023-06-012024-05-3114080835ns14:PoundSterling2023-06-012024-05-3114080835ns10:Director12023-06-012024-05-3114080835ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3114080835ns10:SmallEntities2023-06-012024-05-3114080835ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3114080835ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3114080835ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3114080835ns10:FullAccounts2023-06-012024-05-3114080835ns10:RegisteredOffice2023-06-012024-05-3114080835ns5:CurrentFinancialInstruments2024-05-3114080835ns5:CurrentFinancialInstruments2023-05-3114080835ns5:ShareCapital2024-05-3114080835ns5:ShareCapital2023-05-3114080835ns5:RetainedEarningsAccumulatedLosses2024-05-3114080835ns5:RetainedEarningsAccumulatedLosses2023-05-3114080835ns5:PlantMachinery2023-06-012024-05-3114080835ns5:PlantMachinery2023-05-3114080835ns5:PlantMachinery2024-05-3114080835ns5:PlantMachinery2023-05-3114080835ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3114080835ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 14080835 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

WM CREATIVE DESIGNS LIMITED

WM CREATIVE DESIGNS LIMITED (REGISTERED NUMBER: 14080835)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WM CREATIVE DESIGNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: W R Maher





REGISTERED OFFICE: Unit 11B
Windmill Industrial Estate
Fowey
Cornwall
PL23 1HB





REGISTERED NUMBER: 14080835 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

WM CREATIVE DESIGNS LIMITED (REGISTERED NUMBER: 14080835)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,817 26,754

CURRENT ASSETS
Debtors 5 11,573 18,624
Cash at bank 10,420 28,985
21,993 47,609
CREDITORS
Amounts falling due within one year 6 20,683 38,749
NET CURRENT ASSETS 1,310 8,860
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,127

35,614

PROVISIONS FOR LIABILITIES 3,402 6,052
NET ASSETS 17,725 29,562

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 17,625 29,462
17,725 29,562

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

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

WM CREATIVE DESIGNS LIMITED (REGISTERED NUMBER: 14080835)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 September 2024 and were signed by:





W R Maher - Director


WM CREATIVE DESIGNS LIMITED (REGISTERED NUMBER: 14080835)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

WM Creative Designs 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.

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

Revenue is recognised to turnover as follows;

- Website and E-mail Hosting; Revenue is recognised evenly over the length of the hosting arrangement.
- Website Development; Website development revenue is recognised with reference to the stage of completion of the underlying project.
- Website Amendments; Website amendment income is recognised to turnover when the website amendments are completed.

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 - 33% on cost and 20% on cost

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.

WM CREATIVE DESIGNS LIMITED (REGISTERED NUMBER: 14080835)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 34,417
Additions 1,090
At 31 May 2024 35,507
DEPRECIATION
At 1 June 2023 7,663
Charge for year 8,027
At 31 May 2024 15,690
NET BOOK VALUE
At 31 May 2024 19,817
At 31 May 2023 26,754

Plant and machinery includes a custom number plate, which is fixed to a vehicle owned by the company. The number plate is depreciated in line with the underlying policy applied to the vehicle. At 31 May 2023, the net book value of the number plate is £1,909. (2023: £2,545.)

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,233 6,477
Amounts recoverable on contracts 4,253 8,332
Other debtors 5,087 3,815
11,573 18,624

WM CREATIVE DESIGNS LIMITED (REGISTERED NUMBER: 14080835)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 10,051 16,711
Other creditors 10,632 22,038
20,683 38,749

7. RELATED PARTY DISCLOSURES

Subsequent to the purchase, the Director withdrew net funds of £13,156 from the company. At 31 May 2024, the company owed the Director £2,360. (2023: £15,515)

The Director's loan is free of interest and repayable on demand.

.