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CREATIVE IN EXCELLENCE LIMITED

Registered Number
08220247
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

CREATIVE IN EXCELLENCE LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

MARTIN, Darren Stuart
MATHIAS, Alison Tracey

Registered Address

Irish Square
Upper Denbigh Road
St Asaph
LL17 0RN

Registered Number

08220247 (England and Wales)
CREATIVE IN EXCELLENCE LIMITED
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3-(2,000)
Tangible assets424,58814,890
24,58812,890
Current assets
Debtors5153,928173,125
Cash at bank and on hand142,281159,429
296,209332,554
Creditors amounts falling due within one year6(108,862)(129,715)
Net current assets (liabilities)187,347202,839
Total assets less current liabilities211,935215,729
Creditors amounts falling due after one year7(6,057)(14,100)
Provisions for liabilities8(5,639)(2,829)
Net assets200,239198,800
Capital and reserves
Called up share capital100100
Profit and loss account200,139198,700
Shareholders' funds200,239198,800
The financial statements were approved and authorised for issue by the Board of Directors on 23 May 2025, and are signed on its behalf by:
MATHIAS, Alison Tracey
Director
Registered Company No. 08220247
CREATIVE IN EXCELLENCE LIMITED
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of services is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year3214
3.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 September 2320,0001,25021,250
At 31 August 2420,0001,25021,250
Amortisation and impairment
At 01 September 2322,0001,25023,250
Charge for year(2,000)-(2,000)
At 31 August 2420,0001,25021,250
Net book value
At 31 August 24---
At 31 August 23(2,000)-(2,000)
4.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 September 238,41615,51821,03044,964
Additions-9,9114,83814,749
At 31 August 248,41625,42925,86859,713
Depreciation and impairment
At 01 September 236,36510,33113,37830,074
Charge for year5131,6962,8425,051
At 31 August 246,87812,02716,22035,125
Net book value
At 31 August 241,53813,4029,64824,588
At 31 August 232,0515,1877,65214,890
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables37,553169,503
Amounts owed by group undertakings71,746-
Other debtors42,526-
Prepayments and accrued income2,1033,622
Total153,928173,125
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables18,85130,910
Bank borrowings and overdrafts8,5198,519
Taxation and social security78,36880,148
Other creditors1,1568,138
Accrued liabilities and deferred income1,9682,000
Total108,862129,715
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts6,05714,100
Total6,05714,100
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)5,6392,829
Total5,6392,829
9.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
MARTIN, Darren Stuart(1,791)55,72929,90024,038
MATHIAS, Alison Tracey(5,419)52,40728,50018,488
(7,210)108,13658,40042,526
Directors loan accounts were outstanding at the year end and interest was charged accordingly at the official interest rate. Amounts were repaid within 9 months of the year end.
10.Related party transactions
During the year the company made loans totalling £62,507 to Pathways Learning Limited. Loans are interest free and repayable on demand. As at 31 August 2024 the balance of £62,507 remains due from Pathways Learning Limited to the company. During the year the company made loans totalling £26,667 to North Wales Exam Centre Limited. Loans are interest free and repayable on demand. During the year the company received repayments totalling £17,428. As at 31 August 2024 the balance of £9,239 remains due from Pathways Learning Limited to the company.
11.Controlling party
Ultimate control lies with the directors who between them own 100% of the issued share capital.