Company Registration No. 11441814 (England and Wales)
Creative Switch Limited
Unaudited accounts
for the year ended 30 June 2025
Creative Switch Limited
Unaudited accounts
Contents
Creative Switch Limited
Company Information
for the year ended 30 June 2025
Director
Katherine Simpson
Company Number
11441814 (England and Wales)
Registered Office
62 Woodlands Road
Walthamstow
London
E17 3LE
Accountants
Townley & Co Limited
Warrington Business Centre
67 Bewsey Street
Warrington
WA2 7JQ
Creative Switch Limited
Statement of financial position
as at 30 June 2025
Cash at bank and in hand
47,237
35,457
Creditors: amounts falling due within one year
(23,289)
(8,474)
Net current assets
33,333
43,239
Total assets less current liabilities
35,131
43,310
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
35,130
43,295
Shareholders' funds
35,131
43,296
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 August 2025 and were signed on its behalf by
Katherine Simpson
Director
Company Registration No. 11441814
Creative Switch Limited
Notes to the Accounts
for the year ended 30 June 2025
Creative Switch Limited is a private company, limited by shares, registered in England and Wales, registration number 11441814. The registered office is 62 Woodlands Road, Walthamstow, London, E17 3LE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 June 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line basis
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Creative Switch Limited
Notes to the Accounts
for the year ended 30 June 2025
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
9,385
15,662
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
7,315
7,431
Loans from directors
15,409
478
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).