REGISTERED NUMBER: 01567112 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

CREATIVE BUSINESS SYSTEMS LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

44,150

54,426

Investments

5

61,961

61,961

106,111

116,387

CURRENT ASSETS

Stocks

6

199,933

273,261

Debtors

7

534,499

447,956

Cash at bank

224,528

175,496

958,960

896,713

CREDITORS

Amounts falling due within one year

8

877,832

799,658

NET CURRENT ASSETS

81,128

97,055

TOTAL ASSETS LESS CURRENT LIABILITIES

187,239

213,442

PROVISIONS FOR LIABILITIES

9

8,516

10,469

NET ASSETS

178,723

202,973

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

5,950

5,950

Retained earnings

171,773

196,023

SHAREHOLDERS' FUNDS

178,723

202,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 19 December 2025 and were signed on its behalf by:

Mr V Wason - Director

1.	STATUTORY INFORMATION

Creative Business Systems Limited is a private company, limited by shares, registered in England and Wales, registered number 01567112. The registered office is 56a London Road, Apsley, Hemel Hempstead, Herts. HP3 9SB.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Work in progress

Work in progress represents work done at the year-end where a continued right to receive income exists and is valued at the estimated amount recoverable in excess of fees already rendered on account.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

190,157

48,901

47,418

286,476

Additions

1,250

-

-

1,250

At 31 March 2025

191,407

48,901

47,418

287,726

DEPRECIATION

At 1 April 2024

171,552

45,680

14,818

232,050

Charge for year

2,893

483

8,150

11,526

At 31 March 2025

174,445

46,163

22,968

243,576

NET BOOK VALUE

At 31 March 2025

16,962

2,738

24,450

44,150

At 31 March 2024

18,605

3,221

32,600

54,426

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 April 2024

and 31 March 2025

61,961

NET BOOK VALUE

At 31 March 2025

61,961

At 31 March 2024

61,961

6.

STOCKS

2025

2024

£

£

Work-in-progress

199,933

273,261

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

318,942

220,496

Amounts owed by group undertakings

165,600

146,520

Other debtors

49,957

80,940

534,499

447,956

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

66,620

89,898

Taxation and social security

92,397

48,538

Other creditors

718,815

661,222

877,832

799,658

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

8,516

10,469

Deferred tax

£

Balance at 1 April 2024

10,469

Provided during year

(1,953

)

Balance at 31 March 2025

8,516