CREATIVE LIFE LIMITED

Company Registration Number:
11881543 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

CREATIVE LIFE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

CREATIVE LIFE LIMITED

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

Matthew Kemp


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 December 2024

And signed on behalf of the board by:
Name: Matthew Kemp
Status: Director

CREATIVE LIFE LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 8,415,587 4,018,294
Cost of sales: ( 5,489,875 ) ( 2,611,891 )
Gross profit(or loss): 2,925,712 1,406,403
Distribution costs: ( 254,154 ) ( 102,718 )
Administrative expenses: ( 748,548 ) ( 382,942 )
Operating profit(or loss): 1,923,010 920,743
Profit(or loss) before tax: 1,923,010 920,743
Tax: ( 351,458 )
Profit(or loss) for the financial year: 1,571,552 920,743

CREATIVE LIFE LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,121,547 873,301
Total fixed assets: 1,121,547 873,301
Current assets
Stocks: 4 1,899,123 466,942
Debtors: 5 986,774 664,912
Cash at bank and in hand: 444,157 315,089
Total current assets: 3,330,054 1,446,943
Creditors: amounts falling due within one year: 6 ( 758,848 ) ( 199,043 )
Net current assets (liabilities): 2,571,206 1,247,900
Total assets less current liabilities: 3,692,753 2,121,201
Total net assets (liabilities): 3,692,753 2,121,201
Capital and reserves
Called up share capital: 135,000 135,000
Profit and loss account: 3,557,753 1,986,201
Total Shareholders' funds: 3,692,753 2,121,201

The notes form part of these financial statements

CREATIVE LIFE LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 3 December 2024
and signed on behalf of the board by:

Name: Matthew Kemp
Status: Director

The notes form part of these financial statements

CREATIVE LIFE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

CREATIVE LIFE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 22 14

CREATIVE LIFE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 588,521 38,761 56,440 92,657 224,578 1,000,957
Additions 52,548 35,215 112,548 154,254 354,565
Disposals
Revaluations 76,282 76,282
Transfers
At 31 March 2024 664,803 91,309 91,655 205,205 378,832 1,431,804
Depreciation
At 1 April 2023 9,838 14,115 45,310 58,393 127,656
Charge for year 18,261 18,331 51,301 94,708 182,601
On disposals
Other adjustments
At 31 March 2024 28,099 32,446 96,611 153,101 310,257
Net book value
At 31 March 2024 664,803 63,210 59,209 108,594 225,731 1,121,547
At 31 March 2023 588,521 28,923 42,325 47,347 166,185 873,301

CREATIVE LIFE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 1,899,123 466,942
Total 1,899,123 466,942

CREATIVE LIFE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 986,774 664,912
Total 986,774 664,912

CREATIVE LIFE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 332,266 120,139
Taxation and social security 426,582 78,904
Total 758,848 199,043