Creative Diversity Residential Care Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07477155

Creative Diversity Residential Care Ltd

Filleted Unaudited Financial Statements

31 December 2024

Creative Diversity Residential Care Ltd

Financial Statements

Year Ended 31 December 2024

Contents	Pages

Statement of Financial Position	1 to 2

Notes to the Financial Statements	3 to 5

Creative Diversity Residential Care Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed Assets

Tangible assets	5		46,992		48,807

Current Assets

Debtors	6	446,854	551,157
Cash at bank and in hand		373,538	46,790
		---------	---------
		820,392	597,947

Creditors: amounts falling due within one year	7	576,821		363,680
		---------		---------
Net Current Assets			243,571		234,267
			---------		---------
Total Assets Less Current Liabilities			290,563		283,074

Provisions

Taxation including deferred tax	9,622	10,961
	---------	---------
Net Assets	280,941	272,113
	---------	---------

Creative Diversity Residential Care Ltd

Statement of Financial Position (continued)

31 December 2024

	2024		2023
Note	£	£	£	£

Capital and Reserves

Called up share capital	8	100	100
Profit and loss account		280,841	272,013
		---------	---------
Shareholders Funds		280,941	272,113
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr D S White

Director

Company registration number: 07477155

Creative Diversity Residential Care Ltd

Notes to the Financial Statements

Year Ended 31 December 2024

1. General Information

The company is a private company limited by shares, registered in England. The address of the registered office is 21 Churchfield Road, Wolverhampton, West Midlands, WV10 6TL.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

1 Basis of Preparation

The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.

2 Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.

3 Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

4 Operating Leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

5 Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

6 Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	15% reducing balance

7 Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

8 Defined Contribution Plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 5 (2023: 6 ).

5. Tangible Assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 January 2024	78,280	78,280
Additions	6,477	6,477
	--------	--------
At 31 December 2024	84,757	84,757
	--------	--------
Depreciation
At 1 January 2024	29,473	29,473
Charge for the year	8,292	8,292
	--------	--------
At 31 December 2024	37,765	37,765
	--------	--------
Carrying amount
At 31 December 2024	46,992	46,992
	--------	--------
At 31 December 2023	48,807	48,807
	--------	--------

6. Debtors

	2024	2023
	£	£
Trade debtors	250,535	351,807
Other debtors	196,319	199,350
	---------	---------
	446,854	551,157
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	5,370	513
Social security and other taxes	123,712	71,723
Other creditors	447,739	291,444
	---------	---------
	576,821	363,680
	---------	---------

8. Called Up Share Capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

9. Operating Leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	9,686	850
Later than 1 year and not later than 5 years	58,727	253,846
	--------	---------
	68,413	254,696
	--------	---------

10. Related Party Transactions

During the year an interest free loan for the sum of £190,620 (2023 - £190,620) was made to a company owned by the directors.