Company registration number SC756072 (Scotland)
NEW CHAPTER CREATIVES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
NEW CHAPTER CREATIVES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
NEW CHAPTER CREATIVES LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
15,698
13,270
Current assets
Debtors
4
3,020
2,240
Cash at bank and in hand
6,371
3,599
9,391
5,839
Creditors: amounts falling due within one year
5
(37,055)
(18,687)
Net current liabilities
(27,664)
(12,848)
Total assets less current liabilities
(11,966)
422
Provisions for liabilities
(52)
Net (liabilities)/assets
(11,966)
370
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
(11,968)
368
Total equity
(11,966)
370
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 14 February 2025 and are signed on its behalf by:
Mr D Scott
Mr D R Barclay
Director
Director
Company Registration No. SC756072
NEW CHAPTER CREATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information
New Chapter Creatives Limited is a private company limited by shares incorporated in Scotland. The registered office is Sovereign House, Academy Road, Irvine, Ayrshire, United Kingdom, KA12 8RL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown inclusive of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Equipment
3 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
NEW CHAPTER CREATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
3
Tangible fixed assets
Equipment
£
Cost
At 1 January 2024
16,420
Additions
10,226
At 31 December 2024
26,646
Depreciation and impairment
At 1 January 2024
3,150
Depreciation charged in the year
7,798
At 31 December 2024
10,948
Carrying amount
At 31 December 2024
15,698
At 31 December 2023
13,270
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments and accrued income
3,020
2,240
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
1,825
Deferred income
30,848
15,695
Other creditors
2,618
1,312
Accruals and deferred income
1,764
1,680
37,055
18,687
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2