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Company Registration No. 10518715 (England and Wales)
Creative Vectors Ltd Unaudited accounts for the year ended 31 March 2024
Creative Vectors Ltd Unaudited accounts Contents
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Creative Vectors Ltd Company Information for the year ended 31 March 2024
Directors
L Spencer N Spencer
Company Number
10518715 (England and Wales)
Registered Office
Barr House The Avenue Bishopton Stratford upon Avon CV37 0RH England
Accountants
JS Accountancy Services Measham Business Centre 56 High Street/Queens Street Measham Derbyshire DE12 7HZ
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Creative Vectors Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,730 
3,589 
Current assets
Debtors
2,351 
3,976 
Cash at bank and in hand
99,368 
50,849 
101,719 
54,825 
Creditors: amounts falling due within one year
(31,264)
(6,247)
Net current assets
70,455 
48,578 
Net assets
72,185 
52,167 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
71,985 
51,967 
Shareholders' funds
72,185 
52,167 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
L Spencer Director Company Registration No. 10518715
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Creative Vectors Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Creative Vectors Ltd is a private company, limited by shares, registered in England and Wales, registration number 10518715. The registered office is Barr House, The Avenue, Bishopton, Stratford upon Avon, CV37 0RH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Creative Vectors Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
6,992 
At 31 March 2024
6,992 
Depreciation
At 1 April 2023
3,403 
Charge for the year
1,859 
At 31 March 2024
5,262 
Net book value
At 31 March 2024
1,730 
At 31 March 2023
3,589 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,632 
3,269 
Accrued income and prepayments
719 
707 
2,351 
3,976 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
10,022 
2,036 
Taxes and social security
19,731 
2,571 
Loans from directors
840 
839 
Accruals
671 
801 
31,264 
6,247 
7
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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