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REGISTERED NUMBER: 07758471 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

FRESH START CREATIVE LIMITED

FRESH START CREATIVE LIMITED (REGISTERED NUMBER: 07758471)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRESH START CREATIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs P J Brewster
Mr R A Brewster
Mr R D Andrews





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 07758471 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

FRESH START CREATIVE LIMITED (REGISTERED NUMBER: 07758471)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 22

CURRENT ASSETS
Stocks 27,500 -
Debtors 5 98,851 16,546
Cash at bank 1,056 2,275
127,407 18,821
CREDITORS
Amounts falling due within one year 6 109,767 10,820
NET CURRENT ASSETS 17,640 8,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,640

8,023

CREDITORS
Amounts falling due after more than one
year

7

4,185

7,233
NET ASSETS 13,455 790

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings 12,255 (410 )
13,455 790

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 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.

FRESH START CREATIVE LIMITED (REGISTERED NUMBER: 07758471)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:




Mr R D Andrews - Director Mr R A Brewster - Director




Mrs P J Brewster - Director


FRESH START CREATIVE LIMITED (REGISTERED NUMBER: 07758471)

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

1. STATUTORY INFORMATION

Fresh Start 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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 - 3 ) .

FRESH START CREATIVE LIMITED (REGISTERED NUMBER: 07758471)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 2,996
DEPRECIATION
At 1 February 2023 2,974
Charge for year 22
At 31 January 2024 2,996
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 22

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 74,547 5,388
Other debtors 1,975 3,885
Directors' current accounts 19,783 -
Prepayments and accrued income 2,546 7,273
98,851 16,546

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts (see note 8) 3,048 2,973
Trade creditors 1,902 314
Tax 2,087 2,033
VAT 12,280 730
Other creditors 4,500 4,000
Directors' current accounts 33,000 -
Accruals and deferred income 52,200 -
Accrued expenses 750 770
109,767 10,820

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 8) 4,185 7,233

FRESH START CREATIVE LIMITED (REGISTERED NUMBER: 07758471)

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

8. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,048 2,973

Amounts falling due between one and two years:
Bank loans - 1-2 years 3,126 3,048

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,059 4,185

9. RELATED PARTY DISCLOSURES

At the balance sheet date the amount owed to the directors by the company was £13,218 (31.1.23 £Nil).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Bucket List Holdings Limited.