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REGISTERED NUMBER: 02222669 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Abstract Design Creators Limited

Previously known as
Tutorcell Limited

Abstract Design Creators Limited (Registered number: 02222669)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abstract Design Creators Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D O Meggitt
K A Evans





REGISTERED OFFICE: Unit 9b
Princes Drive
Kenilworth
Warwickshire
CV8 2FD





REGISTERED NUMBER: 02222669 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Abstract Design Creators Limited (Registered number: 02222669)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,395 49,947

CURRENT ASSETS
Stocks 5,700 5,700
Debtors 5 202,638 456,798
Cash at bank and in hand 70,026 565,928
278,364 1,028,426
CREDITORS
Amounts falling due within one year 6 154,830 391,572
NET CURRENT ASSETS 123,534 636,854
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,929

686,801

CREDITORS
Amounts falling due after more than one
year

7

(4,167

)

(14,167

)

PROVISIONS FOR LIABILITIES (9,292 ) (9,767 )
NET ASSETS 157,470 662,867

CAPITAL AND RESERVES
Called up share capital 4,728 8,888
Share premium 2,377 2,377
Capital redemption reserve 21,813 17,653
Merger reserve - 53,074
Retained earnings 128,552 580,875
SHAREHOLDERS' FUNDS 157,470 662,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Abstract Design Creators Limited (Registered number: 02222669)

Balance Sheet - continued
31 December 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





K A Evans - Director


Abstract Design Creators Limited (Registered number: 02222669)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Abstract Design Creators 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - Straight line over 10 years
Motor vehicles - 20% on reducing balance
Computer equipment - Straight line over 4 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.

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.


Abstract Design Creators Limited (Registered number: 02222669)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debt factoring
The company uses the services of a debt factor to assist with day to day working capital requirements. Debts are factored with recourse and are reflected in full within trade debtors. Advances received from the factor under the terms of he debt factoring arrangement are reflected in full as a liability within creditors due within one year. Interest and factor charges are charged to the profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 15,800 18,684 4,500 40,923 79,907
Additions - - - 13,149 13,149
At 31 December 2024 15,800 18,684 4,500 54,072 93,056
DEPRECIATION
At 1 January 2024 3,548 7,834 900 17,678 29,960
Charge for year 1,838 1,868 720 11,275 15,701
At 31 December 2024 5,386 9,702 1,620 28,953 45,661
NET BOOK VALUE
At 31 December 2024 10,414 8,982 2,880 25,119 47,395
At 31 December 2023 12,252 10,850 3,600 23,245 49,947

Abstract Design Creators Limited (Registered number: 02222669)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 135,836 340,906
Other debtors 66,802 115,892
202,638 456,798

The company has entered into an agreement whereby a proportion of its trade debtors have been discounted with a finance company (on a full recourse basis), in return for which it receives advances against a proportion of the sums due. The amount of debt subject to invoice discounting included in trade debtors at 31 December 2024 is £76,896 (2023: £340,096).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 34,978 17,274
Taxation and social security 68,466 108,368
Other creditors 51,386 265,930
154,830 391,572

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Other creditors 4,167 14,167

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
S M Bradburn
Balance outstanding at start of year 28,377 (30,622 )
Amounts advanced 24,194 58,999
Amounts repaid (52,600 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (29 ) 28,377

D O Meggitt
Balance outstanding at start of year 22,875 (30,035 )
Amounts advanced 16,627 52,910
Amounts repaid (39,550 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (48 ) 22,875

Abstract Design Creators Limited (Registered number: 02222669)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

K A Evans
Balance outstanding at start of year 29,281 (30,067 )
Amounts advanced 22,378 59,348
Amounts repaid (29,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,159 29,281

The above loan amounts to S Bradburn & D Meggitt are amounts owed by the company to the directors.
These amounts are included within other creditors and are interest free with no set terms of repayment.

The above loan amount to K Evans are amounts due by the Director to the company. Interest has been charged at the HMRC official interest rate with the balance repaid in full following the balance sheet date,

9. RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £34,153 (2023: £27,825) owed to the company by You-In (UK) Limited, a company which has certain individuals who are directors and shareholders who are common to both companies.
This balance has been charged at HMRC official rate of interest and has no set terms of repayment.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D Meggitt by virtue of his majority shareholding.