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REGISTERED NUMBER: 11477863 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CREATIVE STANDARDS INTERNATIONAL LTD

CREATIVE STANDARDS INTERNATIONAL LTD (REGISTERED NUMBER: 11477863)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CREATIVE STANDARDS INTERNATIONAL LTD

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: M L Blackwell
W H J Toye





REGISTERED OFFICE: West Bush House
Hailey Lane
Hertford Heath
Hertfordshire
SG13 7NY





REGISTERED NUMBER: 11477863 (England and Wales)





ACCOUNTANTS: Redfin Management Limited
111 Charterhouse Street
Farringdon
London
EC1M 6AW

CREATIVE STANDARDS INTERNATIONAL LTD (REGISTERED NUMBER: 11477863)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 48,697 52,018
Tangible assets 5 95 2,031
Investments 6 8 8
48,800 54,057

CURRENT ASSETS
Debtors 7 129,135 107,429
Cash at bank and in hand 136,472 136,489
265,607 243,918
CREDITORS
Amounts falling due within one year 8 81,642 103,182
NET CURRENT ASSETS 183,965 140,736
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,765

194,793

CREDITORS
Amounts falling due after more than one
year

9

10,500

16,500
NET ASSETS 222,265 178,293

CAPITAL AND RESERVES
Called up share capital 75,100 75,100
Retained earnings 147,165 103,193
222,265 178,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CREATIVE STANDARDS INTERNATIONAL LTD (REGISTERED NUMBER: 11477863)

BALANCE SHEET - continued
31 December 2023


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 Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





M L Blackwell - Director


CREATIVE STANDARDS INTERNATIONAL LTD (REGISTERED NUMBER: 11477863)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Creative Standards International Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

Intangible assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website and infrastructure 50% straight line
Registered trademark 5% straight line

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 - 50% on cost

CREATIVE STANDARDS INTERNATIONAL LTD (REGISTERED NUMBER: 11477863)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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 (2022 - 2 ).

CREATIVE STANDARDS INTERNATIONAL LTD (REGISTERED NUMBER: 11477863)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 3,906 81,319 85,225
AMORTISATION
At 1 January 2023 846 32,361 33,207
Charge for year 196 3,125 3,321
At 31 December 2023 1,042 35,486 36,528
NET BOOK VALUE
At 31 December 2023 2,864 45,833 48,697
At 31 December 2022 3,060 48,958 52,018

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 4,293
DEPRECIATION
At 1 January 2023 2,262
Charge for year 1,936
At 31 December 2023 4,198
NET BOOK VALUE
At 31 December 2023 95
At 31 December 2022 2,031

CREATIVE STANDARDS INTERNATIONAL LTD (REGISTERED NUMBER: 11477863)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 8
NET BOOK VALUE
At 31 December 2023 8
At 31 December 2022 8

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,583 -
Amounts owed by group undertakings 124,552 106,837
Other debtors - 592
129,135 107,429

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 8,479 4,878
Taxation and social security 21,798 28,596
Other creditors 45,365 63,708
81,642 103,182

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 10,500 16,500

10. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £42,889 (2022: £43,861) owed to the directors.

At the year end the company was owed £124,552 (2022: £106,837) by Lurzer International Ltd, a company of which Creative Standards International Ltd is a major shareholder.