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Registration number: 07885447

Creative Structures Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Creative Structures Group Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Creative Structures Group Limited

Company Information

Directors

Mr T E Bucknell

Mr T Basnett

Registered office

Creative House Station Road
Theale
Reading
RG7 4PD

Accountants

EJBC Chartered Accountants
2 Toomers Wharf
Canal Walk
Newbury
Berkshire
RG14 1DY

 

Creative Structures Group Limited

(Registration number: 07885447)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

146,793

183,583

Investments

4

978,823

978,823

 

1,125,616

1,162,406

Current assets

 

Debtors

843,442

711,221

Cash at bank and in hand

 

22,098

6,681

 

865,540

717,902

Creditors: Amounts falling due within one year

(1,423,151)

(1,312,573)

Net current liabilities

 

(557,611)

(594,671)

Total assets less current liabilities

 

568,005

567,735

Creditors: Amounts falling due after more than one year

(21,667)

(31,667)

Net assets

 

546,338

536,068

Capital and reserves

 

Called up share capital

5

450

450

Share premium reserve

249,850

249,850

Retained earnings

296,038

285,768

Shareholders' funds

 

546,338

536,068

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

 

Creative Structures Group Limited

(Registration number: 07885447)
Balance Sheet as at 30 April 2024

.........................................
Mr T E Bucknell
Director

.........................................
Mr T Basnett
Director

 

Creative Structures Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

15% Straight Line Basis

Office Equipment

33.3% Straight Line Basis

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Creative Structures Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Creative Structures Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 41 (2023 - 37).

 

Creative Structures Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

3

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

27,692

20,155

178,809

62,184

288,840

Additions

-

2,670

30,250

-

32,920

Disposals

-

-

(74,425)

(3,297)

(77,722)

At 30 April 2024

27,692

22,825

134,634

58,887

244,038

Depreciation

At 1 May 2023

-

13,794

34,451

57,012

105,257

Charge for the year

-

1,612

30,424

698

32,734

Eliminated on disposal

-

-

(40,746)

-

(40,746)

At 30 April 2024

-

15,406

24,129

57,710

97,245

Carrying amount

At 30 April 2024

27,692

7,419

110,505

1,177

146,793

At 30 April 2023

27,692

6,361

144,358

5,172

183,583

Included within the net book value of land and buildings above is £27,692 (2023 - £27,692) in respect of long leasehold land and buildings.
 

 

Creative Structures Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Investments

2024
£

2023
£

Investments in subsidiaries

978,823

978,823

Subsidiaries

£

Cost or valuation

At 1 May 2023

978,823

Provision

Carrying amount

At 30 April 2024

978,823

At 30 April 2023

978,823

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Ten by Fifteen Structures Ltd

Creative House Station Road,
Theale, Reading, England, RG7 4PD

England

Ordinary

100%

100%

Stunning Tents Ltd

Creative House Station Road,
Theale, Reading, England, RG7 4PD

Engalnd

Ordinary

100%

100%

Ten by Fifteen Structures SAS

22 Avenue du Général de Gaulle,
06340, Drap

France

Ordinary

60%

60%

Sail Tent Company Limited

Creative House Station Road, Theale, Reading, England, RG7 4PD

England & Wales

Ordinary Shares

100%

100%

 

Creative Structures Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

Folly Hire Limited

Creative House Station Road, Theale, Reading, England, RG7 4PD

England & Wales

Ordinary

100%

100%

Subsidiary undertakings

Ten by Fifteen Structures Ltd

The principal activity of Ten by Fifteen Structures Ltd is Temporary Structure Hire.

Stunning Tents Ltd

The principal activity of Stunning Tents Ltd is Temporary Structure Hire.

Ten by Fifteen Structures SAS

The principal activity of Ten by Fifteen Structures SAS is Temporary Structure Hire.

Sail Tent Company Limited

The principal activity of Sail Tent Company Limited is Temporary Structure Hire.

Folly Hire Limited

The principal activity of Folly Hire Limited is Furniture rental.

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share capital of £1 each

450

450

450

450

       

6

Parent and ultimate parent undertaking

The company's immediate parent is CSG Holdings Limited, incorporated in England and Wales.

 The ultimate parent is CSG Global Limited, incorporated in England and Wales.