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REGISTERED NUMBER: 04156727 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Creative Management Services Limited

Creative Management Services Limited (Registered number: 04156727)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Creative Management Services Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: L J Brooks
C A Henderson





REGISTERED OFFICE: 15 Foyle Street
Sunderland
Tyne and Wear
SR1 1LE





REGISTERED NUMBER: 04156727 (England and Wales)





ACCOUNTANT: Brian Thurlbeck
Chartered Accountant
33 Beechwood Terrace
Sunderland
SR2 7LY

Creative Management Services Limited (Registered number: 04156727)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 232,580 255,120

CURRENT ASSETS
Stocks 27,660 56,288
Debtors 5 333,829 324,928
Cash at bank and in hand 123,012 67,505
484,501 448,721
CREDITORS
Amounts falling due within one year 6 (483,767 ) (431,528 )
NET CURRENT ASSETS 734 17,193
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,314

272,313

CREDITORS
Amounts falling due after more than one
year

7

(34,846

)

(99,635

)

PROVISIONS FOR LIABILITIES (18,917 ) (14,117 )
NET ASSETS 179,551 158,561

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 178,551 157,561
SHAREHOLDERS' FUNDS 179,551 158,561

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

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

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.

Creative Management Services Limited (Registered number: 04156727)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:




L J Brooks - Director



C A Henderson - Director


Creative Management Services Limited (Registered number: 04156727)

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

1. STATUTORY INFORMATION

Creative Management Services 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.

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.

The financial statements have been prepared on a going concern basis which assumes that it will continue in existence for the foreseeable future, which the directors consider to be appropriate. The level of borrowing is much reduced and several of the loans will mature in the near future.

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.
Kitchen equipment - 10% on reducing balance
Office equipment - 10% on reducing balance
Computer equipment - 33% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred 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 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.

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.

Creative Management Services Limited (Registered number: 04156727)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 78 (2023 - 85 ) .

4. TANGIBLE FIXED ASSETS
Kitchen Office Computer
equipment equipment equipment Totals
£    £    £    £   
COST
At 1 August 2023 654,832 83,201 35,724 773,757
Additions - 2,410 2,600 5,010
At 31 July 2024 654,832 85,611 38,324 778,767
DEPRECIATION
At 1 August 2023 427,538 59,274 31,825 518,637
Charge for year 22,750 2,635 2,165 27,550
At 31 July 2024 450,288 61,909 33,990 546,187
NET BOOK VALUE
At 31 July 2024 204,544 23,702 4,334 232,580
At 31 July 2023 227,294 23,927 3,899 255,120

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 145,552 109,512
Amounts recoverable on contract 33,280 45,796
VAT - 10,403
Prepayments 28,043 40,558
Other debtors 120,076 111,781
326,951 318,050

Amounts falling due after more than one year:
Tax 6,878 6,878

Aggregate amounts 333,829 324,928

Uninvoiced work at the balance sheet date is included as accrued income where a valuation has been agreed. Where the value of the work is not agreed it is included as an amount recoverable on contracts. In all cases the valuation includes the profit element.

Creative Management Services Limited (Registered number: 04156727)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 43,468 74,636
Trade creditors 193,068 203,602
Factoring company 110,781 34,394
Social security and other taxes 26,192 14,954
VAT 1,706 -
Directors' current accounts 99,602 99,602
Accrued expenses 8,950 4,340
483,767 431,528

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 34,846 99,635

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Other loans 43,468 74,636

Amounts falling due between one and two years:
Other loans 1-2 years 15,572 64,620

Amounts falling due between two and five years:
Other loans 2-5 years 19,274 35,015

9. ULTIMATE CONTROLLING PARTY

The controlling party is L J Brooks.

The ultimate controlling party is L J Brooks.