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REGISTERED NUMBER: 07929315 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

CREACTIVE DESIGN (ENGINEERING) LIMITED

CREACTIVE DESIGN (ENGINEERING) LIMITED (REGISTERED NUMBER: 07929315)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CREACTIVE DESIGN (ENGINEERING) LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: A R Hume
Mrs C Hume
S J Hume



REGISTERED OFFICE: Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT



REGISTERED NUMBER: 07929315 (England and Wales)



BANKERS: HSBC Bank plc
126 Parade
Leamington Spa
Warwickshire
CV32 4AJ

CREACTIVE DESIGN (ENGINEERING) LIMITED (REGISTERED NUMBER: 07929315)

ABRIDGED BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,039 33,108

CURRENT ASSETS
Stocks 562,794 345,126
Debtors 353,548 438,187
916,342 783,313
CREDITORS
Amounts falling due within one year 839,049 577,987
NET CURRENT ASSETS 77,293 205,326
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,332

238,434

CREDITORS
Amounts falling due after more than one year 126,768 226,109
NET (LIABILITIES)/ASSETS (23,436 ) 12,325

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 6 (23,536 ) 12,225
SHAREHOLDERS' FUNDS (23,436 ) 12,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CREACTIVE DESIGN (ENGINEERING) LIMITED (REGISTERED NUMBER: 07929315)

ABRIDGED BALANCE SHEET - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





A R Hume - Director


CREACTIVE DESIGN (ENGINEERING) LIMITED (REGISTERED NUMBER: 07929315)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Creactive Design (Engineering) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

,At the balance sheet date the company had net current assets of £77,293 (2023 - £205,326), and total net liabilities of £23,436 (2023 - 12,325 total net assets). The directors have expressed their willingness to support the company as necessary and along with the forecasted future profitable trade the business is considered a going concern. The accounts and financial statements have therefore been prepared on a going concern basis.

Turnover
Turnover comprises the value of sales (excluding value added tax) of goods and services provided in the normal course of business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.


CREACTIVE DESIGN (ENGINEERING) LIMITED (REGISTERED NUMBER: 07929315)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 176,048
Additions 1,290
At 30 April 2024 177,338
DEPRECIATION
At 1 May 2023 142,940
Charge for year 8,359
At 30 April 2024 151,299
NET BOOK VALUE
At 30 April 2024 26,039
At 30 April 2023 33,108

CREACTIVE DESIGN (ENGINEERING) LIMITED (REGISTERED NUMBER: 07929315)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 ordinary £1.00 100 100

6. RESERVES
Retained
earnings
£   

At 1 May 2023 12,225
Deficit for the year (35,761 )
At 30 April 2024 (23,536 )

7. PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £38,414 (2023 - £31,596). There were no outstanding or prepaid contributions.

8. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.