Registered number
14665623
Creative In Nature Limited
Unaudited Filleted Accounts
29 February 2024
Creative In Nature Limited
Registered number: 14665623
Balance Sheet
as at 29 February 2024
Notes 2024
£
Fixed assets
Tangible assets 3 1,074
Current assets
Cash at bank and in hand 1,168
Creditors: amounts falling due within one year 4 (2,102)
Net current liabilities (934)
Net assets 140
Capital and reserves
Called up share capital 2
Profit and loss account 138
Shareholders' funds 140
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Zychniewicz
Director
Approved by the board on 21 October 2024
Creative In Nature Limited
Notes to the Accounts
for the period from 15 February 2023 to 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computers 33% on a straight line basis
Fixtures, fittings,and equipment 20% on a straight line basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024
Number
Average number of persons employed by the company 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 1,074
At 29 February 2024 1,074
Depreciation
At 29 February 2024 -
Net book value
At 29 February 2024 1,074
4 Creditors: amounts falling due within one year 2024
£
Trade creditors 125
Other creditors 1,977
2,102
5 Other information
Creative In Nature Limited is a private company limited by shares and incorporated in England. Its registered office is:
18 The Grange
Cubbington
Leamington Spa
CV32 7LE
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