Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05929402 Mr P Blackmore Mr D J Clare Mr E P Hudson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05929402 2023-12-31 05929402 2024-12-31 05929402 2024-01-01 2024-12-31 05929402 frs-core:CurrentFinancialInstruments 2024-12-31 05929402 frs-core:Non-currentFinancialInstruments 2024-12-31 05929402 frs-core:BetweenOneFiveYears 2024-12-31 05929402 frs-core:ComputerEquipment 2024-12-31 05929402 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05929402 frs-core:ComputerEquipment 2023-12-31 05929402 frs-core:PlantMachinery 2024-12-31 05929402 frs-core:PlantMachinery 2024-01-01 2024-12-31 05929402 frs-core:PlantMachinery 2023-12-31 05929402 frs-core:WithinOneYear 2024-12-31 05929402 frs-core:SharePremium 2024-12-31 05929402 frs-core:ShareCapital 2024-12-31 05929402 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05929402 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05929402 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05929402 frs-bus:SmallEntities 2024-01-01 2024-12-31 05929402 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05929402 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05929402 frs-bus:Director1 2024-01-01 2024-12-31 05929402 frs-bus:Director2 2024-01-01 2024-12-31 05929402 frs-bus:Director3 2024-01-01 2024-12-31 05929402 frs-core:CurrentFinancialInstruments 1 2024-12-31 05929402 frs-countries:EnglandWales 2024-01-01 2024-12-31 05929402 2022-12-31 05929402 2023-12-31 05929402 2023-01-01 2023-12-31 05929402 frs-core:CurrentFinancialInstruments 2023-12-31 05929402 frs-core:Non-currentFinancialInstruments 2023-12-31 05929402 frs-core:BetweenOneFiveYears 2023-12-31 05929402 frs-core:WithinOneYear 2023-12-31 05929402 frs-core:SharePremium 2023-12-31 05929402 frs-core:ShareCapital 2023-12-31 05929402 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05929402 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 05929402
Create Marketing Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05929402
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,542 32,716
33,542 32,716
CURRENT ASSETS
Stocks 5 35,486 44,251
Debtors 6 715,872 647,396
Cash at bank and in hand 239,571 379,855
990,929 1,071,502
Creditors: Amounts Falling Due Within One Year 7 (569,124 ) (577,927 )
NET CURRENT ASSETS (LIABILITIES) 421,805 493,575
TOTAL ASSETS LESS CURRENT LIABILITIES 455,347 526,291
Creditors: Amounts Falling Due After More Than One Year 8 (19,830 ) (69,252 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,385 ) (6,216 )
NET ASSETS 427,132 450,823
CAPITAL AND RESERVES
Called up share capital 9 118 118
Share premium account 26,668 26,668
Profit and Loss Account 400,346 424,037
SHAREHOLDERS' FUNDS 427,132 450,823
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For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr E P Hudson
Director
11 February 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Create Marketing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05929402 . The registered office is 3rd Floor, Hanover House, Queen Charlotte Street, Bristol, BS1 4EX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Computer Equipment 33% on reducing balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.5. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 20)
22 20
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 32,049 80,244 112,293
Additions 9,022 5,909 14,931
As at 31 December 2024 41,071 86,153 127,224
Depreciation
As at 1 January 2024 20,844 58,733 79,577
Provided during the period 5,057 9,048 14,105
As at 31 December 2024 25,901 67,781 93,682
Net Book Value
As at 31 December 2024 15,170 18,372 33,542
As at 1 January 2024 11,205 21,511 32,716
5. Stocks
2024 2023
£ £
Work in progress 35,486 44,251
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 454,952 410,477
Other debtors 14,097 48,898
Prepayments 47,572 23,537
516,621 482,912
Due after more than one year
Amounts owed by group undertakings 199,251 164,484
715,872 647,396
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 86,665 241,609
Bank loans and overdrafts 48,646 66,667
Corporation tax 56,578 86,688
Other creditors 34,035 32,462
Accruals and deferred income 343,200 150,501
569,124 577,927
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 19,830 69,252
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 118 118
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10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 81,375 41,990
Later than one year and not later than five years 325,500 167,960
406,875 209,950
11. Pension Commitments
The company operates a defined contribution pension scheme for the qualifying directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £5,221 (2023: £4,684) were due to the fund. They are included in Other Creditors.
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