Registered number
12123101
Create Relate Ltd
Unaudited Filleted Accounts
31 March 2024
Create Relate Ltd
Registered number: 12123101
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,212 1,772
Current assets
Debtors 4 - 18,000
Cash at bank and in hand 23,526 13,528
23,526 31,528
Creditors: amounts falling due within one year 5 (20,170) (20,659)
Net current assets 3,356 10,869
Net assets 5,568 12,641
Capital and reserves
Called up share capital 2 2
Profit and loss account 5,566 12,639
Shareholders' funds 5,568 12,641
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.
Mr C Hayes
Director
Approved by the board on 8 November 2024
Create Relate Ltd
Notes to the Accounts
for the year ended 31 March 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).
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:
Office equipment 25% reducing balance
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). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. No provision for deferred tax has been made since the director is of the opinion that no liability will crystallise in the foreseeable future.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment
£
Cost
At 1 April 2023 4,640
Additions 1,319
Disposals (333)
At 31 March 2024 5,626
Depreciation
At 1 April 2023 2,868
Charge for the year 738
On disposals (192)
At 31 March 2024 3,414
Net book value
At 31 March 2024 2,212
At 31 March 2023 1,772
4 Debtors 2024 2023
£ £
Trade debtors - 18,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 11,191 11,470
Other creditors 8,979 9,189
20,170 20,659
6 Other information
Create Relate Ltd is a private company limited by shares and incorporated in England. Its registered office is:
6 Spire Way
Wainscott
Rochester
ME3 8FS
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