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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
Page
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Creative Honour Boards Limited Company Information for the year ended 31 March 2024
Director
Chay Henry Leach
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
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Creative Honour Boards Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
47,000 
52,750 
Tangible assets
6,378 
1,148 
53,378 
53,898 
Current assets
Debtors
2,820 
3,332 
Cash at bank and in hand
14,843 
31,790 
17,663 
35,122 
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)
Net assets
18,343 
28,457 
Capital and reserves
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
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Creative Honour Boards Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
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
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Creative Honour Boards Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2023
25,000 
50,000 
75,000 
At 31 March 2024
25,000 
50,000 
75,000 
Amortisation
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 
Net book value
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 
Depreciation
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 
Net book value
At 31 March 2024
5,730 
144 
504 
6,378 
At 31 March 2023
- 
- 
1,148 
1,148 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,820 
3,169 
Other debtors
- 
163 
2,820 
3,332 
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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 
VAT
891 
3,570 
Taxes and social security
2,934 
6,027 
Other creditors
992 
- 
Loans from directors
28,790 
31,228 
Accruals
1,945 
- 
38,333 
43,585 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,365 
16,978 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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