REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 |
FOR |
CONTENTMENT CREATIVE LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 |
FOR |
CONTENTMENT CREATIVE LTD |
CONTENTMENT CREATIVE LTD (REGISTERED NUMBER: 09748317) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 August 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
CONTENTMENT CREATIVE LTD |
COMPANY INFORMATION |
For The Year Ended 31 August 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
CONTENTMENT CREATIVE LTD (REGISTERED NUMBER: 09748317) |
ABRIDGED BALANCE SHEET |
31 August 2024 |
2024 | 2023 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors and authorised for issue on |
CONTENTMENT CREATIVE LTD (REGISTERED NUMBER: 09748317) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 August 2024 |
1. | STATUTORY INFORMATION |
Contentment Creative Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover represents sales of specialised design services, excluding value added tax, provided during the year. |
Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income. |
Tangible fixed assets |
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management. |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life. |
Office equipment | - | 25% on cost |
Plant and machinery | - | 20% on reducing balance |
Financial instruments |
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost, except for investments in shares which are measured at cost less impairment. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss. |
Taxation |
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. |
Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits. |
Current tax assets and liabilities are not discounted and are recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Hire purchase and leasing commitments |
Assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. Payments are apportioned between the finance charge and the capital amount and the related obligations, net of future finance charges, are included in creditors. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
CONTENTMENT CREATIVE LTD (REGISTERED NUMBER: 09748317) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 August 2024 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 September 2023 |
Additions |
At 31 August 2024 |
DEPRECIATION |
At 1 September 2023 |
Charge for year |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Totals |
£ |
COST |
Additions | 41,879 |
At 31 August 2024 | 41,879 |
DEPRECIATION |
Charge for year | 7,255 |
At 31 August 2024 | 7,255 |
NET BOOK VALUE |
At 31 August 2024 | 34,624 |
5. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 September 2023 |
and 31 August 2024 | 10 |
NET BOOK VALUE |
At 31 August 2024 | 10 |
At 31 August 2023 | 10 |
CONTENTMENT CREATIVE LTD (REGISTERED NUMBER: 09748317) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 August 2024 |
6. | LEASING AGREEMENTS |
Minimum lease payments under hire purchase fall due as follows: |
2024 | 2023 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
As at 31 August 2024, the company had loaned a director £10,000 (2023 - £nil). This was the maximum amount owed during the year and is repayable on demand, no interest was charged on the loan. |
As at 31 August 2024, the company had loaned a director £8,797 (2023 - £nil). This was the maximum amount owed during the year and is repayable on demand, no interest was charged on the loan. |