Company Registration No. 09987197 (England and Wales)
Creative Honour Boards Limited
Unaudited accounts
for the year ended 31 March 2024
Creative Honour Boards Limited
Unaudited accounts
Contents
Creative Honour Boards Limited
Company Information
for the year ended 31 March 2024
Company Number
09987197 (England and Wales)
Registered Office
3 Horton Close
Middleton Cheney
Banbury
Oxfordshire
OX17 2LQ
England
Accountants
Link Accounting Limited
Bloxham Mill Business Centre
Barford Road
Bloxham
Oxfordshire
OX15 4FF
Creative Honour Boards Limited
Statement of financial position
as at 31 March 2024
Intangible assets
47,000
52,750
Tangible assets
6,378
1,148
Cash at bank and in hand
14,843
31,790
Creditors: amounts falling due within one year
(38,333)
(43,585)
Net current liabilities
(20,670)
(8,463)
Total assets less current liabilities
32,708
45,435
Creditors: amounts falling due after more than one year
(14,365)
(16,978)
Called up share capital
100
100
Profit and loss account
18,243
28,357
Shareholders' funds
18,343
28,457
For the year ending 31 March 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 March 2025 and were signed on its behalf by
Chay Henry Leach
Director
Company Registration No. 09987197
Creative Honour Boards Limited
Notes to the Accounts
for the year ended 31 March 2024
Creative Honour Boards Limited is a private company, limited by shares, registered in England and Wales, registration number 09987197. The registered office is 3 Horton Close, Middleton Cheney, Banbury, Oxfordshire, OX17 2LQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation and any accumulative impairment losses.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
50% straight line
Other tangible fixed assets
20% straight line
Creative Honour Boards Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
Other
Total
At 1 April 2023
25,000
50,000
75,000
At 31 March 2024
25,000
50,000
75,000
At 1 April 2023
12,500
9,750
22,250
Charge for the year
2,500
3,250
5,750
At 31 March 2024
15,000
13,000
28,000
At 31 March 2024
10,000
37,000
47,000
At 31 March 2023
12,500
40,250
52,750
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years. Intellectual property is being written down at a rate of 6.5% per annum.
5
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
-
2,302
2,371
4,673
Additions
5,730
153
-
5,883
At 31 March 2024
5,730
2,455
2,371
10,556
At 1 April 2023
-
2,302
1,223
3,525
Charge for the year
-
9
336
345
Surplus on revaluation
-
-
308
308
At 31 March 2024
-
2,311
1,867
4,178
At 31 March 2024
5,730
144
504
6,378
At 31 March 2023
-
-
1,148
1,148
Amounts falling due within one year
Creative Honour Boards Limited
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,781
2,760
Taxes and social security
2,934
6,027
Loans from directors
28,790
31,228
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).