Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07995931 Mr Matthew WILLIAMS Mr Gurpreet PADDA Ms Pinola NYLANDER iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07995931 2023-03-31 07995931 2024-03-31 07995931 2023-04-01 2024-03-31 07995931 frs-core:CurrentFinancialInstruments 2024-03-31 07995931 frs-core:Non-currentFinancialInstruments 2024-03-31 07995931 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07995931 frs-core:FurnitureFittings 2024-03-31 07995931 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07995931 frs-core:FurnitureFittings 2023-03-31 07995931 frs-core:PlantMachinery 2024-03-31 07995931 frs-core:PlantMachinery 2023-04-01 2024-03-31 07995931 frs-core:PlantMachinery 2023-03-31 07995931 frs-core:SharePremium 2024-03-31 07995931 frs-core:ShareCapital 2024-03-31 07995931 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07995931 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07995931 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07995931 frs-bus:SmallEntities 2023-04-01 2024-03-31 07995931 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07995931 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07995931 frs-bus:Director1 2023-04-01 2024-03-31 07995931 frs-bus:Director2 2023-04-01 2024-03-31 07995931 frs-bus:Director3 2023-04-01 2024-03-31 07995931 frs-core:Non-currentFinancialInstruments 1 2024-03-31 07995931 frs-core:CurrentFinancialInstruments 2 2024-03-31 07995931 frs-countries:EnglandWales 2023-04-01 2024-03-31 07995931 2022-03-31 07995931 2023-03-31 07995931 2022-04-01 2023-03-31 07995931 frs-core:CurrentFinancialInstruments 2023-03-31 07995931 frs-core:Non-currentFinancialInstruments 2023-03-31 07995931 frs-core:SharePremium 2023-03-31 07995931 frs-core:ShareCapital 2023-03-31 07995931 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 07995931 frs-core:Non-currentFinancialInstruments 1 2023-03-31 07995931 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: 07995931
Create Design Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Q Shaw Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07995931
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,204 17,664
14,204 17,664
CURRENT ASSETS
Debtors 5 420,316 635,891
Investments 6 32,388 32,388
Cash at bank and in hand (16,774 ) (43,432 )
435,930 624,847
Creditors: Amounts Falling Due Within One Year 7 (229,788 ) (428,124 )
NET CURRENT ASSETS (LIABILITIES) 206,142 196,723
TOTAL ASSETS LESS CURRENT LIABILITIES 220,346 214,387
Creditors: Amounts Falling Due After More Than One Year 8 (74,160 ) (83,559 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (117 )
NET ASSETS 146,186 130,711
CAPITAL AND RESERVES
Called up share capital 9 15,385 15,385
Share premium account 9,914 9,914
Profit and Loss Account 120,887 105,412
SHAREHOLDERS' FUNDS 146,186 130,711
Page 1
Page 2
For the year ending 31 March 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew WILLIAMS
Director
28/06/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Create Design Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07995931 . The registered office is Southgate House, Southgate Lane, Norwich, Norfolk, NR1 2AQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Reducing balance
Fixtures & Fittings Reducing balance
Computer Equipment Reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 18)
15 18
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 19,892 64,005 83,897
Additions 1,373 - 1,373
As at 31 March 2024 21,265 64,005 85,270
Depreciation
As at 1 April 2023 7,389 58,844 66,233
Provided during the period 3,570 1,263 4,833
As at 31 March 2024 10,959 60,107 71,066
Net Book Value
As at 31 March 2024 10,306 3,898 14,204
As at 1 April 2023 12,503 5,161 17,664
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 359,415 526,583
Prepayments and accrued income 28,128 46,023
Other debtors 17,655 53,285
Net wages 4,579 -
Called up share capital not paid 10,539 10,000
420,316 635,891
6. Current Asset Investments
2024 2023
£ £
Unlisted investments 32,388 32,388
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 205,280 213,650
Social security and other taxes 19,308 24,906
VAT liability 44,239 80,739
Net wages - 3,192
Intercompany account (49,825 ) 65,710
Other creditors (2) 8,786 39,927
Accrual 2,000 -
229,788 428,124
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Loan 74,160 83,559
9. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 10,539 10,000
Called Up Share Capital has been paid up 4,846 5,385
Amount of Allotted, Called Up Share Capital 15,385 15,385
Page 5