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REGISTERED NUMBER: 04725168 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

CIRCLE CREATIVE LIMITED

CIRCLE CREATIVE LIMITED (REGISTERED NUMBER: 04725168)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CIRCLE CREATIVE LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr T J Smith





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 04725168 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

CIRCLE CREATIVE LIMITED (REGISTERED NUMBER: 04725168)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 16,867 18,400

CURRENT ASSETS
Debtors 5 82,259 42,501
Cash at bank 1 -
82,260 42,501
CREDITORS
Amounts falling due within one year 6 329,513 262,073
NET CURRENT LIABILITIES (247,253 ) (219,572 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(230,386

)

(201,172

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (230,486 ) (201,272 )
SHAREHOLDERS' FUNDS (230,386 ) (201,172 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 May 2025 and were signed by:





Mr T J Smith - Director


CIRCLE CREATIVE LIMITED (REGISTERED NUMBER: 04725168)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Circle Creative Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Going concern
The financial statements are prepared on a going concern basis as the directors consider that it has access to the resources required as the company is being supported by future profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Short Computer
leasehold equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 23,000 42,000 65,000
DEPRECIATION
At 1 April 2023 4,600 42,000 46,600
Charge for year 1,533 - 1,533
At 31 March 2024 6,133 42,000 48,133
NET BOOK VALUE
At 31 March 2024 16,867 - 16,867
At 31 March 2023 18,400 - 18,400

CIRCLE CREATIVE LIMITED (REGISTERED NUMBER: 04725168)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 82,259 38,446
Prepayments and accrued income - 4,055
82,259 42,501

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 40,829 38,269
Trade creditors 78,858 38,730
Tax 2,749 -
Social security and other taxes 126,779 106,029
VAT 46,372 41,996
Other creditors 4,349 2,953
Directors' current accounts 20,894 4,611
Accruals and deferred income 8,683 29,485
329,513 262,073

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

8. RELATED PARTY DISCLOSURES

As of the balance sheet date, included in creditors due within one year is £20,894 (2023: £4,611 ), due and payable to directors. The amount is interest-free and repayable upon demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr M F Rice and Mr T J Smith.