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REGISTERED NUMBER: 04029256















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CREATIVE BRIDGE LTD

CREATIVE BRIDGE LTD (REGISTERED NUMBER: 04029256)






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 BRIDGE LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: N H Winn
T P G Perutz





SECRETARY: J D Roberts





REGISTERED OFFICE: Nimlok House
Booth Drive
Park Farm Industrial Estate
Wellingborough
NN8 6NL





REGISTERED NUMBER: 04029256





ACCOUNTANTS: Beeley Hawley & Co. Ltd
Chartered Accountants
42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL

CREATIVE BRIDGE LTD (REGISTERED NUMBER: 04029256)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,630 3,663

CURRENT ASSETS
Debtors 5 1,341,490 1,348,984
Cash in hand 365 365
1,341,855 1,349,349
CREDITORS
Amounts falling due within one year 6 226,593 300,608
NET CURRENT ASSETS 1,115,262 1,048,741
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,116,892

1,052,404

CREDITORS
Amounts falling due after more than one
year

7

(37,634

)

(57,365

)

PROVISIONS FOR LIABILITIES (375 ) (400 )
NET ASSETS 1,078,883 994,639

CAPITAL AND RESERVES
Called up share capital 60,001 60,001
Retained earnings 1,018,882 934,638
SHAREHOLDERS' FUNDS 1,078,883 994,639

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 BRIDGE LTD (REGISTERED NUMBER: 04029256)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





N H Winn - Director


CREATIVE BRIDGE LTD (REGISTERED NUMBER: 04029256)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Creative Bridge Ltd is a private company, limited by shares , registered in Not specified/Other. 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 recognised when services are performed. Services that are invoiced over a period of time are recognised to the extent that performance occurs during that accounting period. Turnover excludes 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 - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

CREATIVE BRIDGE LTD (REGISTERED NUMBER: 04029256)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 18,804
DEPRECIATION
At 1 January 2023 15,141
Charge for year 2,033
At 31 December 2023 17,174
NET BOOK VALUE
At 31 December 2023 1,630
At 31 December 2022 3,663

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 164,624 257,403
Amounts owed by group undertakings 1,086,287 1,021,104
Other debtors 90,579 70,477
1,341,490 1,348,984

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 41,710 60,730
Trade creditors 29,205 38,973
Tax 28,592 22,402
Social security and other taxes 53,113 82,913
Other creditors 6,619 -
Accrued expenses 67,354 95,590
226,593 300,608

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 37,634 57,365

8. LOANS

Bank overdrafts and loans are secured on the assets of the company and other group companies.

CREATIVE BRIDGE LTD (REGISTERED NUMBER: 04029256)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

9. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption conferred by Section 1A of FRS 102, to not disclose transactions entered into between two or more members of a group, provided that any subsidiary party to the transaction is wholly owned by such a member.
The balance within amounts owed by group undertakings is interest free and is repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The Marketing Group (2001) Limited is the company's ultimate parent undertaking and controlling party by virtue of its 100% shareholding. The Marketing Group (2001) Limited was incorporated in England and Wales and its registered office is Nimlok House Booth Drive, Park Farm Industrial Estate, Wellingborough, NN8 6NL.

11. CONTINGENT LIABILITIES

There is a company cross guarantee and first debenture in respect of all companies in the group headed by The Marketing Group (2001) Limited. The amounts subject to this guarantee at 31 December 2023 totalled £nil (2022: £616).

12. PENSION COMMITMENTS

The company contributes to defined contribution pension schemes for the benefit of one of the directors and certain staff. Included within other creditors are pension costs of £6,616 (2022: £Nil) which were paid post year end.