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Company Registration No. 11845704 (England and Wales)
Creative Mindset Media Ltd Unaudited accounts for the year ended 31 March 2024
Creative Mindset Media Ltd Unaudited accounts Contents
Page
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Creative Mindset Media Ltd Company Information for the year ended 31 March 2024
Director
Jerome Williamson
Secretary
Deanne Williamson
Company Number
11845704 (England and Wales)
Registered Office
Bayside Business Centre 48 Willis Way Poole Dorset BH15 3TB England
Accountants
JKD Accountants Limited Bayside Business Centre 48 Willis Way Poole Dorset BH15 3TB
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Creative Mindset Media Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,947 
15,105 
Current assets
Debtors
648 
900 
Cash at bank and in hand
- 
2,323 
648 
3,223 
Creditors: amounts falling due within one year
(62,499)
(43,427)
Net current liabilities
(61,851)
(40,204)
Total assets less current liabilities
(51,904)
(25,099)
Creditors: amounts falling due after more than one year
(6,903)
(6,903)
Provisions for liabilities
Deferred tax
(1,890)
(2,870)
Net liabilities
(60,697)
(34,872)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(60,698)
(34,873)
Shareholders' funds
(60,697)
(34,872)
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 13 March 2025 and were signed on its behalf by
Jerome Williamson Director Company Registration No. 11845704
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Creative Mindset Media Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Creative Mindset Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 11845704. The registered office is Bayside Business Centre, 48 Willis Way, Poole, Dorset, BH15 3TB, 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, 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.
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:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
3 years straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Future relief from taxable losses carried forward are not recognised due to the uncertainty of whether they can be utilised. Deferred tax assets and liabilities are not discounted.
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
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Creative Mindset Media Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
4,317 
17,386 
11,955 
33,658 
Additions
- 
242 
501 
743 
At 31 March 2024
4,317 
17,628 
12,456 
34,401 
Depreciation
At 1 April 2023
2,760 
7,186 
8,607 
18,553 
Charge for the year
389 
2,552 
2,960 
5,901 
At 31 March 2024
3,149 
9,738 
11,567 
24,454 
Net book value
At 31 March 2024
1,168 
7,890 
889 
9,947 
At 31 March 2023
1,557 
10,200 
3,348 
15,105 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
240 
900 
Other debtors
408 
- 
648 
900 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,041 
11,820 
VAT
- 
1,859 
Other creditors
21,781 
2,208 
Loans from directors
34,277 
27,540 
Accruals
400 
- 
62,499 
43,427 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,903 
6,903 
8
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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