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REGISTERED NUMBER: 03463024 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

CREATIVE FX BROMLEY LIMITED

CREATIVE FX BROMLEY LIMITED (REGISTERED NUMBER: 03463024)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CREATIVE FX BROMLEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr S Davis
Miss I Wood-Davis
Mrs S Wood-Davis





SECRETARY: Mr S Davis





REGISTERED OFFICE: 12 High Street
Stanford le Hope
Essex
SS17 0EY





REGISTERED NUMBER: 03463024 (England and Wales)





ACCOUNTANTS: Elliott, Mortlock, Busby & Co Limited
12 High Street
Stanford le Hope
Essex
SS17 0EY

CREATIVE FX BROMLEY LIMITED (REGISTERED NUMBER: 03463024)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 160,482 162,165
160,482 162,165

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 7 685,359 591,074
Cash at bank 218,718 189,550
907,077 783,624
CREDITORS
Amounts falling due within one year 8 318,546 197,279
NET CURRENT ASSETS 588,531 586,345
TOTAL ASSETS LESS CURRENT
LIABILITIES

749,013

748,510

CREDITORS
Amounts falling due after more than one
year

9

(69,746

)

(80,100

)

PROVISIONS FOR LIABILITIES 11 (23,560 ) (21,892 )
NET ASSETS 655,707 646,518

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 655,602 646,413
SHAREHOLDERS' FUNDS 655,707 646,518

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 FX BROMLEY LIMITED (REGISTERED NUMBER: 03463024)

BALANCE SHEET - continued
30 NOVEMBER 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 1 August 2025 and were signed on its behalf by:





Mr S Davis - Director


CREATIVE FX BROMLEY LIMITED (REGISTERED NUMBER: 03463024)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Creative FX Bromley 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 presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of goods and services in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured,
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Goodwill
Goodwill, being the amount paid with the acquisition of the business in 1998, was fully amortised over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter.

Plant and equipment 25% and 33% on reducing balance
Motor vehicles25% on reducing balance
Capital Expenditure on premises5 years on straight line

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


CREATIVE FX BROMLEY LIMITED (REGISTERED NUMBER: 03463024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Hire purchase
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets and are depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Pension costs and other post-retirement benefits
The company operates two defined contribution pension schemes, for the director and employees. The assets of the scheme are held separately from those of the company in independently administered funds.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 14 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 400
AMORTISATION
At 1 December 2023
and 30 November 2024 400
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

CREATIVE FX BROMLEY LIMITED (REGISTERED NUMBER: 03463024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

6. TANGIBLE FIXED ASSETS
Capital
expenditure
on Plant and Motor
premises equipment vehicles Totals
£    £    £    £   
COST
At 1 December 2023 20,986 139,612 265,503 426,101
Additions - 16,584 23,692 40,276
Disposals - - (34,650 ) (34,650 )
At 30 November 2024 20,986 156,196 254,545 431,727
DEPRECIATION
At 1 December 2023 4,802 106,984 152,150 263,936
Charge for year 1,253 12,091 24,905 38,249
Eliminated on disposal - - (30,940 ) (30,940 )
At 30 November 2024 6,055 119,075 146,115 271,245
NET BOOK VALUE
At 30 November 2024 14,931 37,121 108,430 160,482
At 30 November 2023 16,184 32,628 113,353 162,165

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2023
and 30 November 2024 87,001
DEPRECIATION
At 1 December 2023
and 30 November 2024 15,163
NET BOOK VALUE
At 30 November 2024 71,838
At 30 November 2023 71,838

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 89,592 79,788
Other debtors 595,767 511,286
685,359 591,074

CREATIVE FX BROMLEY LIMITED (REGISTERED NUMBER: 03463024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 5,840 5,840
Trade creditors 119,350 80,862
Corporation tax 12,795 -
Social security and other taxes 51,371 36,754
Other creditors 121,421 65,969
Directors' current accounts 2,769 2,854
318,546 197,279

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 15,000 15,000
Bank loans more 5 yr by instal 7,917 12,917
Hire purchase contracts 41,829 47,183
69,746 80,100

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,917 12,917

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 47,669 53,023

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 23,560 21,892

Deferred
tax
£   
Balance at 1 December 2023 21,892
Charge to Income Statement during year 1,668
Balance at 30 November 2024 23,560

The provision for deferred taxation is made up of accelerated capital allowances.

CREATIVE FX BROMLEY LIMITED (REGISTERED NUMBER: 03463024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

12. PENSION COMMITMENTS

The company operates two defined contribution pension schemes, for the directors and employees. The assets of the schemes are held separately from those of the company in independently administered funds. At the balance sheet date there were £836 unpaid contributions (2023: £836).

13. OTHER FINANCIAL COMMITMENTS

The Company has a total commitments, guarantees and contingencies as at year end 2024 of £84,338 (2023: £4,500) included in the above are minimum lease payments under non-cancellable operating leases, falling due as follows:


20242023
££

Within one year19,6304,500
Between one and five years64,708


84,3384,500

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

20242023
££

Balance outstanding at start of year10,000-
Amounts advanced-10,000
Amounts repaid(10,000)-
Balance outstanding at end of year-10,000

The loan is included within other debtors, has been provided interest free and is repayable on demand.

15. RELATED PARTY DISCLOSURES

During the year the company made a loan of £574,248 (2023- £487,378) to the Holding Company. The loan is interest free and repayable on demand (Included within other debtors).

During the year the company made a loan of £7,930 (2023- £Nil) to another company under the control of one of the director's. The loan is interest free and repayable on demand (Included within other debtors).