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REGISTERED NUMBER: 05707888 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2024

FOR

CREATIVEPOOL LTD

CREATIVEPOOL LTD (REGISTERED NUMBER: 05707888)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CREATIVEPOOL LTD

COMPANY INFORMATION
for the Year Ended 30 March 2024







DIRECTOR: Mr M P Tomes





REGISTERED OFFICE: 4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE





REGISTERED NUMBER: 05707888 (England and Wales)





ACCOUNTANTS: Kings Chartered Accountants
4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE

CREATIVEPOOL LTD (REGISTERED NUMBER: 05707888)

BALANCE SHEET
30 March 2024

30.3.24 30.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 136,342 152,046
Tangible assets 5 7,573 1,660
143,915 153,706

CURRENT ASSETS
Debtors 6 126,453 125,241
Cash at bank 5,965 16,147
132,418 141,388
CREDITORS
Amounts falling due within one year 7 194,540 177,015
NET CURRENT LIABILITIES (62,122 ) (35,627 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,793

118,079

CREDITORS
Amounts falling due after more than one
year

8

34,898

39,551
NET ASSETS 46,895 78,528

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 45,895 77,528
SHAREHOLDERS' FUNDS 46,895 78,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

CREATIVEPOOL LTD (REGISTERED NUMBER: 05707888)

BALANCE SHEET - continued
30 March 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 26 June 2025 and were signed by:





Mr M P Tomes - Director


CREATIVEPOOL LTD (REGISTERED NUMBER: 05707888)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 March 2024

1. STATUTORY INFORMATION

Creativepool Ltd 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.

The accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The directors continue to adopt the going concern basis of accounting despite the current economic impact as a result of COVID-19. The directors consider that their available reserves and the availability of continued financial support will ensure the required working capital be in place for the company to continue operations for the foreseeable future. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, to reclassify fixed assets as current assets, long-term liabilities as current liabilities, and to provide for any further liabilities that may arise.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 50% on cost

CREATIVEPOOL LTD (REGISTERED NUMBER: 05707888)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

CREATIVEPOOL LTD (REGISTERED NUMBER: 05707888)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 March 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Developmen
costs
£   
COST
At 31 March 2023 396,527
Additions 33,757
At 30 March 2024 430,284
AMORTISATION
At 31 March 2023 244,481
Amortisation for year 49,461
At 30 March 2024 293,942
NET BOOK VALUE
At 30 March 2024 136,342
At 30 March 2023 152,046

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 31 March 2023 39,696 2,284 41,980
Additions - 2,098 2,098
Disposals (27,849 ) - (27,849 )
At 30 March 2024 11,847 4,382 16,229
DEPRECIATION
At 31 March 2023 39,559 761 40,320
Charge for year 2,247 1,461 3,708
Eliminated on disposal (35,372 ) - (35,372 )
At 30 March 2024 6,434 2,222 8,656
NET BOOK VALUE
At 30 March 2024 5,413 2,160 7,573
At 30 March 2023 137 1,523 1,660

CREATIVEPOOL LTD (REGISTERED NUMBER: 05707888)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 30.3.23
£    £   
Trade debtors 57,954 52,888
Deferred tax asset 68,499 72,353
126,453 125,241

Deferred tax asset
30.3.24 30.3.23
£    £   
Accelerated capital allowances (1,334 ) 334
Tax losses carried forward 69,833 72,019
68,499 72,353

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 30.3.23
£    £   
Bank loans and overdrafts (see note 9) 7,884 7,960
Trade creditors 21,937 9,769
Social security and other taxes 1,104 408
Value added tax 7,203 13,222
Directors' current accounts 152,212 141,456
Accruals 4,200 4,200
194,540 177,015

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.3.24 30.3.23
£    £   
Bank loans (see note 9) 34,898 39,551

9. LOANS

An analysis of the maturity of loans is given below:

30.3.24 30.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 7,884 7,960

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,884 7,960

Amounts falling due between two and five years:
Bank loans - 2-5 years 27,014 31,591

CREATIVEPOOL LTD (REGISTERED NUMBER: 05707888)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 March 2024

10. DEFERRED TAX
£   
Balance at 31 March 2023 (72,353 )
Provided during year 3,854
Balance at 30 March 2024 (68,499 )

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.3.24 30.3.23
value: £    £   
1,000 Ordinary £1 1,000 1,000