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REGISTERED NUMBER: 01779889 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

CREATIVE ADVANCES LIMITED

CREATIVE ADVANCES LIMITED (REGISTERED NUMBER: 01779889)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CREATIVE ADVANCES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2025







DIRECTOR: Mrs J Cownie





REGISTERED OFFICE: Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ





REGISTERED NUMBER: 01779889 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

CREATIVE ADVANCES LIMITED (REGISTERED NUMBER: 01779889)

BALANCE SHEET
30 APRIL 2025

2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 504,764 440,192

CURRENT ASSETS
Debtors 5 1,605 4,205
Prepayments and accrued income 116,549 87,941
Cash at bank and in hand 466,390 473,073
584,544 565,219
CREDITORS
Amounts falling due within one year 6 94,735 83,414
NET CURRENT ASSETS 489,809 481,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

994,573

921,997

PROVISIONS FOR LIABILITIES 7 (42,900 ) (33,546 )

ACCRUALS AND DEFERRED INCOME (23,302 ) (16,573 )
NET ASSETS 928,371 871,878

CAPITAL AND RESERVES
Called up share capital 225 225
Non distributable reserves 252,554 211,054
Retained earnings 675,592 660,599
SHAREHOLDERS' FUNDS 928,371 871,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 ADVANCES LIMITED (REGISTERED NUMBER: 01779889)

BALANCE SHEET - continued
30 APRIL 2025


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 11 July 2025 and were signed by:





Mrs J Cownie - Director


CREATIVE ADVANCES LIMITED (REGISTERED NUMBER: 01779889)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025


1. STATUTORY INFORMATION

Creative Advances 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 presentational currency of the financial statements is the Pound Sterling (£) which is rounded to the nearest pound (£).

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 as modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents amounts receivable for services provided for learning disability day services during the year in the normal course of business, net of trade discounts, VAT and other sales related taxes.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and impairment. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold property-not provided
Plant and Machinery-at variable rates on reducing balance
Equipment-20% on reducing balance
Motor Vehicles-25% on reducing balance

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The freehold property is held at fair value with any revaluations taken to the non distributable reserves in the year in which they relate.The property was previously included in the accounts at its original cost but was revalued on 22 June 2024. No depreciation has been charged on the property this year as the director believes the residual value is at least equal to cost.

Financial instruments
Financial instruments are classified by the director as basic or advanced, following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method, unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.


CREATIVE ADVANCES LIMITED (REGISTERED NUMBER: 01779889)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


2. ACCOUNTING POLICIES - continued
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.

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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2024 - 64 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery Equipment vehicles Totals
£ £ £ £ £
COST OR VALUATION
At 1 May 2024 350,000 2,440 72,126 117,142 541,708
Additions - 557 18,687 20,651 39,895
Disposals - - (8,882 ) (15,995 ) (24,877 )
Revaluations 50,000 - - - 50,000
At 30 April 2025 400,000 2,997 81,931 121,798 606,726
DEPRECIATION
At 1 May 2024 - 38 29,976 71,502 101,516
Charge for year - 287 9,700 11,833 21,820
Eliminated on disposal - - (5,672 ) (15,702 ) (21,374 )
At 30 April 2025 - 325 34,004 67,633 101,962
NET BOOK VALUE
At 30 April 2025 400,000 2,672 47,927 54,165 504,764
At 30 April 2024 350,000 2,402 42,150 45,640 440,192

CREATIVE ADVANCES LIMITED (REGISTERED NUMBER: 01779889)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 April 2025 is represented by:

Freehold Plant and Motor
property machinery Equipment vehicles Totals
£ £ £ £ £
Valuation in 2017 110,916 - - - 110,916
Valuation in 2025 50,000 - - - 50,000
Cost 239,084 2,997 81,931 121,798 445,810
400,000 2,997 81,931 121,798 606,726

If the freehold property had not been revalued it would have been included at the following historical cost:

2025 2024
£ £
Cost 110,916 110,916

The freehold property was valued on an open market basis on 22 June 2024 by Jeffries & Dibbens Estate Agents .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 1,605 4,205

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors 327 370
Corporation Tax 25,614 30,250
Social security and other taxes 13,983 12,079
VAT 54,323 40,539
Directors' current accounts 488 176
94,735 83,414

7. PROVISIONS FOR LIABILITIES
2025 2024
£ £
Deferred tax 42,900 33,546

Deferred tax
£
Balance at 1 May 2024 33,546
Provided during year 9,354
Balance at 30 April 2025 42,900

CREATIVE ADVANCES LIMITED (REGISTERED NUMBER: 01779889)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


8. OTHER FINANCIAL COMMITMENTS

At 30 April 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £4,021 (2024 - £6,598).