Creative In Time Limited - Filleted accounts

Registered number

07171685

Creative In Time Limited

Filleted Abridged Accounts

31 March 2025

Creative In Time Limited
Registered number:		07171685
Abridged Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,673			2,932

Current assets
Debtors		85,972			44,339
Cash at bank and in hand		37,185			43,133
		123,157			87,472

Creditors: amounts falling due within one year		(67,854)			(37,965)

Net current assets			55,303			49,507

Total assets less current liabilities			56,976			52,439

Creditors: amounts falling due after more than one year			(750)			(3,750)



Net assets			56,226			48,689

Capital and reserves
Called up share capital			1			1
Profit and loss account			56,225			48,688

Shareholders' funds			56,226			48,689

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.


F Warner
Director
Approved by the board on 9 December 2025

Creative In Time Limited
Notes to the Abridged Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The abridged 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).

	These accounts have been prepared on the coing concern basis, on the understanding that the director will continue to financially support the company during this uncertain period.


	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			over 3 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					5		3


3	Tangible fixed assets
								Total
£
	Cost
	At 1 April 2024							18,322
	Additions							1,520
	At 31 March 2025							19,842

	Depreciation
	At 1 April 2024							15,390
	Charge for the year							2,779
	At 31 March 2025							18,169

	Net book value
	At 31 March 2025							1,673
	At 31 March 2024							2,932


4	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	F Warner and A Warner
	Cash advanced	24,213		39,121		(24,213)		39,121

		24,213		39,121		(24,213)		39,121

	Director's loans are subject to interest at approved HMRC rates.

5	Other information

	Creative In Time Limited is a private company limited by shares and incorporated in England. Its registered office is:
	3 Oswin Road
	Leicester
	Leicestershire
	LE3 1HR