Company Registration No. 06625933 (England and Wales)
C R CREATIVE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
C R CREATIVE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
C R CREATIVE LIMITED
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
53,647
71,530
Current assets
Debtors
5
6,497
6,689
Cash at bank and in hand
83,862
43,707
90,359
50,396
Creditors: amounts falling due within one year
6
(25,406)
(15,139)
Net current assets
64,953
35,257
Net assets
118,600
106,787
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
118,590
106,777
Total equity
118,600
106,787
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has 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 and signed by the director and authorised for issue on 21 February 2025
Mr C D Ribbens
Director
Company registration number 06625933 (England and Wales)
C R CREATIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information
C R Creative Limited is a private company limited by shares incorporated in England and Wales. The registered office is 227A West Street, Fareham, Hants, PO16 0HZ.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
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 net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
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:
Plant and equipment
25% Reducing balance
IT equipment & software
25% Straight line and 10 years for software
Motor vehicles
25% Reducing balance
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
C R CREATIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
4
Tangible fixed assets
Plant and equipment
IT equipment & software
Motor vehicles
Total
£
£
£
£
Cost
At 1 July 2023 and 30 June 2024
5,629
42,673
49,850
98,152
Depreciation and impairment
At 1 July 2023
3,254
10,905
12,463
26,622
Depreciation charged in the year
594
7,942
9,347
17,883
At 30 June 2024
3,848
18,847
21,810
44,505
Carrying amount
At 30 June 2024
1,781
23,826
28,040
53,647
At 30 June 2023
2,375
31,768
37,387
71,530
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
6,497
6,689
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
18
210
Corporation tax
9,078
Other taxation and social security
3,912
3,139
Other creditors
12,398
11,790
25,406
15,139