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REGISTERED NUMBER: SC048464 (Scotland)










Unaudited Financial Statements

for the Year Ended 31 October 2024

for

CREATIVE PROMOTIONS LIMITED

CREATIVE PROMOTIONS LIMITED (REGISTERED NUMBER: SC048464)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CREATIVE PROMOTIONS LIMITED

Company Information
for the Year Ended 31 October 2024







DIRECTOR: J Stewart





REGISTERED OFFICE: Oakfield House
378 Brandon Street
Motherwell
ML1 1XA





REGISTERED NUMBER: SC048464 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

CREATIVE PROMOTIONS LIMITED (REGISTERED NUMBER: SC048464)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,459 4,868

CURRENT ASSETS
Stocks 3,856 3,856
Debtors 5 132,941 225,274
Cash at bank 23,376 18,071
160,173 247,201
CREDITORS
Amounts falling due within one year 6 53,881 151,552
NET CURRENT ASSETS 106,292 95,649
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,751

100,517

CAPITAL AND RESERVES
Called up share capital 800 800
Retained earnings 108,951 99,717
SHAREHOLDERS' FUNDS 109,751 100,517

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

CREATIVE PROMOTIONS LIMITED (REGISTERED NUMBER: SC048464)

Balance Sheet - continued
31 October 2024


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 Statement of Income and Retained Earnings has not been delivered.

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





J Stewart - Director


CREATIVE PROMOTIONS LIMITED (REGISTERED NUMBER: SC048464)

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

1. STATUTORY INFORMATION

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

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

CREATIVE PROMOTIONS LIMITED (REGISTERED NUMBER: SC048464)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 4 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023
and 31 October 2024 6,048 76,313 9,400 91,761
DEPRECIATION
At 1 November 2023 5,993 74,385 6,515 86,893
Charge for year 14 482 913 1,409
At 31 October 2024 6,007 74,867 7,428 88,302
NET BOOK VALUE
At 31 October 2024 41 1,446 1,972 3,459
At 31 October 2023 55 1,928 2,885 4,868

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,735 136,833
Amounts owed by associates 90,878 84,280
Prepayments 4,328 4,161
132,941 225,274

CREATIVE PROMOTIONS LIMITED (REGISTERED NUMBER: SC048464)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 44,889 131,416
Tax 4,819 8,652
Social security and other taxes 666 -
VAT 3,216 7,276
Other creditors - 3,782
Directors' current accounts 291 426
53,881 151,552