1 April 2023 false No description of principal activity Taxfiler 2024.6 NI629153business:PrivateLimitedCompanyLtd2023-04-012024-03-31 NI6291532023-03-31 NI6291532023-04-012024-03-31 NI629153business:AuditExemptWithAccountantsReport2023-04-012024-03-31 NI629153business:FilletedAccounts2023-04-012024-03-31 NI6291532024-03-31 NI629153business:Director12023-04-012024-03-31 NI629153business:Director22023-04-012024-03-31 NI629153business:RegisteredOffice2023-04-012024-03-31 NI6291532023-03-31 NI629153core:WithinOneYear2024-03-31 NI629153core:WithinOneYear2023-03-31 NI629153core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 NI629153core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 NI629153core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 NI629153core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 NI629153core:PreviouslyStatedAmount2024-03-31 NI629153core:PreviouslyStatedAmount2023-03-31 NI629153business:SmallEntities2023-04-012024-03-31 NI629153countries:NorthernIreland2023-04-012024-03-31 NI629153core:PlantMachinery2023-04-012024-03-31 NI629153core:ComputerEquipment2023-04-012024-03-31 NI629153core:PlantMachinery2023-03-31 NI629153core:ComputerEquipment2023-03-31 NI629153core:PlantMachinery2024-03-31 NI629153core:ComputerEquipment2024-03-31 NI629153core:AfterOneYear2023-04-012024-03-31 NI629153business:OrdinaryShareClass12023-04-012024-03-31 NI629153business:OrdinaryShareClass12022-04-012023-03-31 NI6291532022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. NI629153 (Northern Ireland)
Creative Metrics Ltd Unaudited accounts for the year ended 31 March 2024
Creative Metrics Ltd Unaudited accounts Contents
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Creative Metrics Ltd Company Information for the year ended 31 March 2024
Directors
Ciaran Murray Ciaran Murray
Company Number
NI629153 (Northern Ireland)
Registered Office
9 Ebrington Park Londonderry Northern Ireland BT47 6JE
Accountants
Satori Accounting 11 Orchard Business Park Pennyburn Industrial Estate Derry Northern Ireland BT48 0LU
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Creative Metrics Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
411 
423 
Current assets
Debtors
4,458 
4,509 
Cash at bank and in hand
9,974 
3,557 
14,432 
8,066 
Creditors: amounts falling due within one year
(8,400)
(8,078)
Net current assets/(liabilities)
6,032 
(12)
Net assets
6,443 
411 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
6,442 
410 
Shareholders' funds
6,443 
411 
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 26 November 2024 and were signed on its behalf by
Ciaran Murray Director Company Registration No. NI629153
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Creative Metrics Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Creative Metrics Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI629153. The registered office is 9 Ebrington Park, Londonderry, Northern Ireland, BT47 6JE.
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.
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:
Plant & machinery
15% to 33% straight line
Computer equipment
33% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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Creative Metrics Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
1,669 
3,042 
4,711 
Additions
- 
314 
314 
At 31 March 2024
1,669 
3,356 
5,025 
Depreciation
At 1 April 2023
1,557 
2,731 
4,288 
Charge for the year
87 
239 
326 
At 31 March 2024
1,644 
2,970 
4,614 
Net book value
At 31 March 2024
25 
386 
411 
At 31 March 2023
112 
311 
423 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,458 
1,200 
Accrued income and prepayments
- 
195 
Other debtors
- 
3,114 
4,458 
4,509 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,423 
7,338 
Taxes and social security
2,976 
740 
Loans from directors
1 
- 
8,400 
8,078 
The company received a bounce back loan. There is no security held against these borrowings.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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