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Registered Number: 08625450
England and Wales

 

 

 

CREATIVE DEBUTS LTD.



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

CREATIVE DEBUTS LTD.
Contents Page
For the year ended 31 December 2024
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Intangible fixed assets 3 0    3,194 
Tangible fixed assets 4 120,885    127,790 
120,885    130,984 
Current assets      
Debtors 5 20,874    41,332 
Cash at bank and in hand 27,112    79,530 
47,986    120,862 
Creditors: amount falling due within one year 6 (198,998)   (218,828)
Net current assets (151,012)   (97,966)
 
Total assets less current liabilities (30,127)   33,018 
Creditors: amount falling due after more than one year 7 (215,000)   (215,000)
Provisions for liabilities 8 30,529    7,915 
Net assets (214,598)   (174,067)
 

Capital and reserves 		     
Called up share capital 500    500 
Profit and loss account (215,098)   (174,567)
Shareholders' funds (214,598)   (174,067)
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 24 October 2025 and were signed by:


-------------------------------
Calum Hall
Director
1
General Information
CREATIVE DEBUTS LTD. is a private company, limited by shares, registered in England and Wales, registration number 08625450, registration address 167-169 GREAT PORTLAND STREET, 5TH FLOOR LONDON, London, W1W 5PF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Artwork 5% Reducing Balance
Fixtures and Fittings 20% Straight Line
Computer Equipment 25% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Intangible fixed assets

Cost Website   Total
  £   £
At 01 January 2024 61,696    61,696 
Additions -    - 
Disposals -    - 
At 31 December 2024 61,696    61,696 
Amortisation
At 01 January 2024 58,502    58,502 
Charge for year 3,194    3,194 
On disposals -    - 
At 31 December 2024 61,696    61,696 
Net book values
At 31 December 2024 -    - 
At 31 December 2023 3,194    3,194 


4.

Tangible fixed assets

Cost or valuation Artwork   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 January 2024 132,672    3,832    6,123    142,627 
Additions -    1,513    -    1,513 
Disposals -    -    -    - 
At 31 December 2024 132,672    5,345    6,123    144,140 
Depreciation
At 01 January 2024 6,276    3,467    5,097    14,840 
Charge for year 6,320    1,069    1,026    8,415 
On disposals -    -    -    - 
At 31 December 2024 12,596    4,536    6,123    23,255 
Net book values
Closing balance as at 31 December 2024 120,076    809    -    120,885 
Opening balance as at 01 January 2024 126,397    367    1,026    127,790 


5.

Debtors: amounts falling due within one year

2024
£		   2023
£
Trade Debtors 20,874    39,582 
Other Debtors 0    1,750 
20,874    41,332 

6.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade Creditors 26,698    55,351 
Amounts Owed to Group Undertakings 2,146    2,146 
PAYE & Social Security 1,965    0 
Accrued Expenses 159,119    131,423 
Deferred Income 0    11,000 
Other Creditors 0    2,115 
Wages & Salaries Control Account 6,736    0 
Pension Control Account 800    800 
VAT 1,534    15,993 
198,998    218,828 

7.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Other loans - 2-5 years 165,000    165,000 
Other loans - 1-2 years 50,000    50,000 
215,000    215,000 

8.

Provisions for liabilities

2024
£		   2023
£
Deferred Tax (30,529)   (7,915)
(30,529)   (7,915)

9.

RELATED PARTY DISCLOSURES

As at year end, loan notes of £180,000 were owed to Fabrix London Limited (2023 : £180,000) and the related interest due and accrued in the year was £22,910 (2023 : £21,123). 

As at year end, loan notes of £35,000 (2023: £35,000) were owed to the two directors of Acrylicize Limited in their individual capacities, shared equally between P Arad and J Burke. Interest of £4,786 (2023: £4,413) was due and accrued to the two directors, shared equally.
2