Company registration number 06509691 (England and Wales)
CONTRAST CREATIVE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
CONTRAST CREATIVE LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
CONTRAST CREATIVE LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,153
4,794
Current assets
Debtors
4
10,511
5,746
Cash at bank and in hand
12,495
5,851
23,006
11,597
Creditors: amounts falling due within one year
5
(14,901)
(36,228)
Net current assets/(liabilities)
8,105
(24,631)
Total assets less current liabilities
10,258
(19,837)
Creditors: amounts falling due after more than one year
6
(2,463)
(6,607)
Provisions for liabilities
(409)
-
0
Net assets/(liabilities)
7,386
(26,444)
Capital and reserves
Called up share capital
7
400
400
Profit and loss reserves
6,986
(26,844)
Total equity
7,386
(26,444)
CONTRAST CREATIVE LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 December 2025 and are signed on its behalf by:
E Stemp
Director
Company registration number 06509691 (England and Wales)
CONTRAST CREATIVE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Contrast Creative Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 41 Roundwood Road, Northenden, Manchester, M22 4AU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
33% straight line method
Computer equipment
33% straight line method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

CONTRAST CREATIVE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

CONTRAST CREATIVE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred taxation is recognised in respect of all timing differences which have originated but not reversed at the balance sheet date. Timing differences are differences between taxable profits and the results as stated in the financial statements which arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised for tax purposes.

Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws which have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
2
CONTRAST CREATIVE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 April 2024
25,524
57,911
83,435
Additions
-
0
1,822
1,822
At 31 March 2025
25,524
59,733
85,257
Depreciation and impairment
At 1 April 2024
25,524
53,117
78,641
Depreciation charged in the year
-
0
4,463
4,463
At 31 March 2025
25,524
57,580
83,104
Carrying amount
At 31 March 2025
-
0
2,153
2,153
At 31 March 2024
-
0
4,794
4,794
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
5,644
3,696
Corporation tax recoverable
-
0
871
Other debtors
4,867
1,179
10,511
5,746
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
4,142
4,039
Trade creditors
342
240
Corporation tax
2,090
-
0
Other taxation and social security
4,335
8,762
Other creditors
3,992
23,187
14,901
36,228
CONTRAST CREATIVE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
2,463
6,607
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
400
400
400
400

[General description if appropriate]

9
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Loans
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
E Stemp - loan
-
(19,152)
22,555
(722)
2,681
(19,152)
22,555
(722)
2,681
2025-03-31 2024-04-01 false false false 02 December 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity E Stemp L Stemp 06509691 2024-04-01 2025-03-31 06509691 2025-03-31 06509691 2024-03-31 06509691 core:FurnitureFittings 2025-03-31 06509691 core:ComputerEquipment 2025-03-31 06509691 core:FurnitureFittings 2024-03-31 06509691 core:ComputerEquipment 2024-03-31 06509691 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 06509691 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06509691 core:ShareCapital 2025-03-31 06509691 core:ShareCapital 2024-03-31 06509691 core:RetainedEarningsAccumulatedLosses 2025-03-31 06509691 core:RetainedEarningsAccumulatedLosses 2024-03-31 06509691 core:ShareCapitalOrdinaryShareClass1 2025-03-31 06509691 core:ShareCapitalOrdinaryShareClass1 2024-03-31 06509691 bus:Director1 2024-04-01 2025-03-31 06509691 core:FurnitureFittings 2024-04-01 2025-03-31 06509691 core:ComputerEquipment 2024-04-01 2025-03-31 06509691 2023-04-01 2024-03-31 06509691 core:FurnitureFittings 2024-03-31 06509691 core:ComputerEquipment 2024-03-31 06509691 2024-03-31 06509691 core:CurrentFinancialInstruments 2025-03-31 06509691 core:CurrentFinancialInstruments 2024-03-31 06509691 core:WithinOneYear 2025-03-31 06509691 core:WithinOneYear 2024-03-31 06509691 core:Non-currentFinancialInstruments 2025-03-31 06509691 core:Non-currentFinancialInstruments 2024-03-31 06509691 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 06509691 bus:OrdinaryShareClass1 2025-03-31 06509691 bus:OrdinaryShareClass1 2024-03-31 06509691 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06509691 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06509691 bus:FRS102 2024-04-01 2025-03-31 06509691 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06509691 bus:Director2 2024-04-01 2025-03-31 06509691 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP