COTTON & WOOD CREATIVE LIMITED

Company Registration Number:
09333879 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

COTTON & WOOD CREATIVE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Additional notes
Balance sheet notes

COTTON & WOOD CREATIVE LIMITED

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 270 337
Total fixed assets: 270 337
Current assets
Cash at bank and in hand: 22,713 20,923
Total current assets: 22,713 20,923
Creditors: amounts falling due within one year: 4 ( 22,979 ) ( 21,256 )
Net current assets (liabilities): (266) (333)
Total assets less current liabilities: 4 4
Total net assets (liabilities): 4 4
Capital and reserves
Called up share capital: 4 4
Total Shareholders' funds: 4 4

The notes form part of these financial statements

COTTON & WOOD CREATIVE LIMITED

Balance sheet statements

For the year ending 31 December 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 10 January 2025
and signed on behalf of the board by:

Name: K. Cotton
Status: Director

The notes form part of these financial statements

COTTON & WOOD CREATIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

    Tangible fixed assets depreciation policy

    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 - 20% reducing balance.

    Other accounting policies

    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. Pensions - Contributions to defined contribution plans are expensed in the period to which they relate.

COTTON & WOOD CREATIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

COTTON & WOOD CREATIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 1,608 1,608
Additions
Disposals
Revaluations
Transfers
At 31 December 2024 1,608 1,608
Depreciation
At 1 January 2024 1,271 1,271
Charge for year 67 67
On disposals
Other adjustments
At 31 December 2024 1,338 1,338
Net book value
At 31 December 2024 270 270
At 31 December 2023 337 337

COTTON & WOOD CREATIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 16,620 12,891
Other creditors 6,359 8,365
Total 22,979 21,256