REGISTERED NUMBER: 05334426 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

The Creative Collaboration Company

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Hanson

Mrs T M S Hanson

SECRETARY:

Mrs T M S Hanson

REGISTERED OFFICE:

Aysgarth

Ullesthorpe Road

Bitteswell

Lutterworth

Leicestershire

LE17 4SD

REGISTERED NUMBER:

05334426 (England and Wales)

ACCOUNTANTS:

Gopsall Services Limited

First Floor

7 Marina Court

Maple Drive

Hinckley

LE10 3BF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

11,743

7,622

11,743

7,622

CURRENT ASSETS

Debtors

6

15,211

138,709

Cash at bank

45,751

43,377

60,962

182,086

CREDITORS

Amounts falling due within one year

7

94,994

106,920

NET CURRENT (LIABILITIES)/ASSETS

(34,032

)

75,166

TOTAL ASSETS LESS CURRENT LIABILITIES

(22,289

)

82,788

CREDITORS

Amounts falling due after more than one year

8

(76,800

)

(80,000

)

PROVISIONS FOR LIABILITIES

-

(1,448

)

NET (LIABILITIES)/ASSETS

(99,089

)

1,340

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(99,189

)

1,240

(99,089

)

1,340

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 2 September 2025 and were signed on its behalf by:

M Hanson - Director

1.	STATUTORY INFORMATION

The Creative Collaboration Company 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.	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.

Turnover

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

Turnover is earned from the rendering of services. Revenue from these services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

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.

Licences were being amortised evenly over their estimated useful life of ten years, and were fully amortised at 31 December 2021.

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

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Going concern

The directors assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date of the approval of the financial statements.

The directors have concluded that there are no material uncertainties about the company's ability to continue as a going concern and they are satisfied that the company has adequate resources to continue to meet its liabilities as they fall due and, therefore, that it remains appropriate to continue to adopt going concern basis of accounting in the preparation of the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Licences

£

COST

At 1 January 2024

and 31 December 2024

2,995

AMORTISATION

At 1 January 2024

and 31 December 2024

2,995

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

1,267

28,206

29,473

Additions

-

7,992

7,992

At 31 December 2024

1,267

36,198

37,465

DEPRECIATION

At 1 January 2024

618

21,233

21,851

Charge for year

130

3,741

3,871

At 31 December 2024

748

24,974

25,722

NET BOOK VALUE

At 31 December 2024

519

11,224

11,743

At 31 December 2023

649

6,973

7,622

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

15,211

126,436

Other debtors

-

12,273

15,211

138,709

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

1,594

3,333

Taxation and social security

27,448

33,000

Other creditors

65,952

70,587

94,994

106,920

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

76,800

80,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

M Hanson

Balance outstanding at start of year

12,273

-

Amounts advanced

11,388

12,273

Amounts repaid

(23,661

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

12,273

Interest is charged on directors advances at HMRC official rate of interest.