New Creative Sciences Limited
Unaudited Financial Statements
For the year ended 30 June 2025
Pages For Filing With Registrar
Company Registration No. 09990341 (England and Wales)
New Creative Sciences Limited
Company Information
Director
C Bayala
Company number
09990341
Registered office
1st Floor
14-16 Great Pulteney Street
London
United Kingdom
W1F 9ND
Accountants
Moore Kingston Smith LLP
Charlotte Building
17 Gresse Street
London
W1T 1QL
New Creative Sciences Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
New Creative Sciences Limited
Balance Sheet
As at 30 June 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
13,980
20,006
Current assets
Debtors
5
2,166,424
2,526,978
Cash at bank and in hand
501,694
219,138
2,668,118
2,746,116
Creditors: amounts falling due within one year
6
(1,022,061)
(950,003)
Net current assets
1,646,057
1,796,113
Total assets less current liabilities
1,660,037
1,816,119
Creditors: amounts falling due after more than one year
7
(2,500)
(20,590)
Net assets
1,657,537
1,795,529
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,657,437
1,795,429
Total equity
1,657,537
1,795,529

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

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

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

New Creative Sciences Limited
Balance Sheet (Continued)
As at 30 June 2025
Page 2
The financial statements were approved and signed by the director and authorised for issue on 19 March 2026
C Bayala
Director
Company Registration No. 09990341
New Creative Sciences Limited
Notes to the Financial Statements
For the year ended 30 June 2025
Page 3
1
Accounting policies
Company information

New Creative Sciences Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor, 14-16 Great Pulteney Street, London, United Kingdom, W1F 9ND.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of 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 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
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
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.

1.4
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 and fittings
3 years straight line
Computers
3 years straight line

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.

New Creative Sciences Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
1
Accounting policies
(Continued)
Page 4
1.5
Impairment of fixed assets

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash at bank and in hand

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.

1.7
Financial instruments

The company has only basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.8
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.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.9
Taxation

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

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.

1.10
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.

1.11
Retirement benefits

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

New Creative Sciences Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
1
Accounting policies
(Continued)
Page 5
1.12
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2025
2024
Number
Number
Total
6
5
3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
18,942
145,431
New Creative Sciences Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
Page 6
4
Tangible fixed assets
Plant and machinery total
£
Cost
At 1 July 2024
76,498
Additions
7,584
At 30 June 2025
84,082
Depreciation and impairment
At 1 July 2024
56,492
Depreciation charged in the year
13,610
At 30 June 2025
70,102
Carrying amount
At 30 June 2025
13,980
At 30 June 2024
20,006
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
567,379
953,410
Other debtors
1,536,031
1,508,737
Prepayments and accrued income
63,014
64,831
2,166,424
2,526,978
6
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases
8,090
2,959
Bank loans
10,000
10,000
Trade creditors
65,966
39,980
Corporation tax
421,554
625,884
Other creditors
25,895
27,360
Accruals and deferred income
490,556
243,820
1,022,061
950,003
New Creative Sciences Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
Page 7
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
2,500
12,500
Obligations under finance leases
-
8,090
2,500
20,590
8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
144,690
433,748
9
Related party transactions

During the year dividends of £185,000 (2024: £495,203) were paid. At the balance sheet date a total of £820,422 (2024: £800,000) was owed from the director, which is disclosed within other debtors.

Bayala Imobili a rio, Unipessoal LDA, a company incorporated in Portugal, is under common directorship with the c ompany. The year-end balance due of £395,375 (2024: £395,375) is included within Other Debtors in the financial statements.

10
Parent company

The immediate and ultimate parent company is Bread Pan Holdings Limited, a company registered in England & Wales. Copies of the accounts for Bread Pan Holdings Limited are available from Companies House, Crown Way, Cardiff, CF14 3UZ.

The ultimate controlling party is director C Bayala by virtue of his 100% shareholding in Bread Pan Holdings Limited.

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