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Company Registration No. SC257779 (Scotland)
2B Creative Limited Unaudited accounts for the period from 1 April 2023 to 30 March 2024
2B Creative Limited Unaudited accounts Contents
Page
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2B Creative Limited Company Information for the period from 1 April 2023 to 30 March 2024
Director
John Young
Company Number
SC257779 (Scotland)
Registered Office
C/o CMM Accountancy The Green House Beechwood Business Park North Inverness IV2 3BL
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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2B Creative Limited Statement of financial position as at 30 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,608 
1,997 
Current assets
Inventories
200 
200 
Debtors
353 
8,926 
553 
9,126 
Creditors: amounts falling due within one year
(62,065)
(46,157)
Net current liabilities
(61,512)
(37,031)
Total assets less current liabilities
(59,904)
(35,034)
Creditors: amounts falling due after more than one year
(6,250)
(11,250)
Net liabilities
(66,154)
(46,284)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(67,154)
(47,284)
Shareholders' funds
(66,154)
(46,284)
For the period ending 30 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.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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
John Young Director Company Registration No. SC257779
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2B Creative Limited Notes to the Accounts for the period from 1 April 2023 to 30 March 2024
1
Statutory information
2B Creative Limited is a private company, limited by shares, registered in Scotland, registration number SC257779. The registered office is C/o CMM Accountancy, The Green House, Beechwood Business Park North, Inverness, IV2 3BL.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
15% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
At 31 March 2024 the company had net liabilities of £66,154 (2023 - £46,284). The financial statements have been prepared on the going concern basis on the grounds that the company has adequate finance to meet its needs for at least the next twelve months.
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2B Creative Limited Notes to the Accounts for the period from 1 April 2023 to 30 March 2024
4
Intangible fixed assets
Total 
£ 
Cost
At 1 April 2023
115,000 
At 30 March 2024
115,000 
Amortisation
At 1 April 2023
115,000 
At 30 March 2024
115,000 
Net book value
At 30 March 2024
- 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
5,443 
Additions
350 
At 30 March 2024
5,793 
Depreciation
At 1 April 2023
3,446 
Charge for the period
739 
At 30 March 2024
4,185 
Net book value
At 30 March 2024
1,608 
At 31 March 2023
1,997 
6
Average number of employees
During the period the average number of employees was 0 (2023: 1).
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