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REGISTERED NUMBER: 03892999 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

CREATIVE IMAGE MANAGEMENT LIMITED

CREATIVE IMAGE MANAGEMENT LIMITED (REGISTERED NUMBER: 03892999)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


CREATIVE IMAGE MANAGEMENT LIMITED (REGISTERED NUMBER: 03892999)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 629,395 479,527

CURRENT ASSETS
Stocks 4,655 4,049
Debtors 5 624,737 603,524
Cash at bank and in hand 152,638 187,036
782,030 794,609
CREDITORS
Amounts falling due within one year 6 392,785 341,562
NET CURRENT ASSETS 389,245 453,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,018,640

932,574

CREDITORS
Amounts falling due after more than one year 7 (222,936 ) (196,030 )

PROVISIONS FOR LIABILITIES (136,674 ) (112,619 )
NET ASSETS 659,030 623,925

CAPITAL AND RESERVES
Called up share capital 9 50 50
Capital redemption reserve 50 50
Retained earnings 658,930 623,825
SHAREHOLDERS' FUNDS 659,030 623,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 IMAGE MANAGEMENT LIMITED (REGISTERED NUMBER: 03892999)

BALANCE SHEET - continued
29 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 November 2024 and were signed by:





Mr M A Baker - Director


CREATIVE IMAGE MANAGEMENT LIMITED (REGISTERED NUMBER: 03892999)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Creative Image Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03892999

Registered office: 9 Mackintosh Road
Rackheath Industrial Estate
Rackheath
Norwich
Norfolk
NR13 6LJ

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 15% on reducing balance and at variable rates on reducing balance

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 Statement of Income and Retained Earnings, 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.

CREATIVE IMAGE MANAGEMENT LIMITED (REGISTERED NUMBER: 03892999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

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.

Grants
Grants which are to acquire tangible fixed assets are credited to deferred grants and released to the profit and loss account over the estimated useful lives of the relevant assets.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 1,026,090
Additions 250,755
At 29 February 2024 1,276,845
DEPRECIATION
At 1 March 2023 546,563
Charge for year 100,887
At 29 February 2024 647,450
NET BOOK VALUE
At 29 February 2024 629,395
At 28 February 2023 479,527

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023 266,000
Additions 172,500
At 29 February 2024 438,500
DEPRECIATION
At 1 March 2023 48,766
Charge for year 52,071
At 29 February 2024 100,837
NET BOOK VALUE
At 29 February 2024 337,663
At 28 February 2023 217,234

CREATIVE IMAGE MANAGEMENT LIMITED (REGISTERED NUMBER: 03892999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 208,456 372,943
Amounts owed by group undertakings 414,517 228,715
Other debtors 1,764 1,866
624,737 603,524

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 46,478 46,265
Hire purchase contracts 48,903 27,868
Trade creditors 145,251 103,775
Taxation and social security 75,344 93,161
Other creditors 76,809 70,493
392,785 341,562

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 49,035 95,726
Hire purchase contracts 173,901 100,304
222,936 196,030

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 95,513 141,991
Hire purchase contracts 222,804 128,172
318,317 270,163

The bank loan is secured by a first legal charge over the freehold property.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Nominal 2023 2022
Number: Class: value: £ £

50 Ordinary A £1 50 50
50 50

10. OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies is £88,320 (2023 - £22,967).

CREATIVE IMAGE MANAGEMENT LIMITED (REGISTERED NUMBER: 03892999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company director, Mr M A Baker, operated a loan account with the company. The balance owed by the director, Mr M A Baker, to the company at 28 February 2023 was £1,014. There were advances of £24,752 (2023 - £21,400), and repayments of £25,766 (2023 - £11,000). At 28 February 2024 the balance owed by the director, Mr M A Baker, to the company was £Nil. The loan is interest free, unsecured and repayable on demand.