Creative Transfer Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06131142 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2021

for

CREATIVE TRANSFER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Irvine

Ms B Goodwin

M Burton

REGISTERED OFFICE:

31 Queenswood Avenue

London

E17 6EH

REGISTERED NUMBER:

06131142 (England and Wales)

ACCOUNTANTS:

Butler & Co LLP

Chartered Accountants

Third Floor

126-134 Baker Street

London

W1U 6UE

FIXED ASSETS

Intangible assets

4

2,109

2,109

Tangible assets

5

4,540

6,810

6,649

8,919

CURRENT ASSETS

Debtors

6

4,988

4,608

Cash at bank

16,193

10,209

21,181

14,817

CREDITORS

Amounts falling due within one year

7

13,314

11,308

NET CURRENT ASSETS

7,867

3,509

TOTAL ASSETS LESS CURRENT LIABILITIES

14,516

12,428

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

14,514

12,426

SHAREHOLDERS' FUNDS

14,516

12,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 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 authorised for issue by the Board of Directors and authorised for issue on 30 November 2021 and were signed on its behalf by:

M Burton - Director

1.	STATUTORY INFORMATION

Creative Transfer Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 represents net invoiced sales of goods and services, excluding value added tax. Revenue is recognised when goods and services are accepted by the customer.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Going concern

Since the financial year end, there are uncertainties relating to the Covid19 pandemic. The directors have analysed how the risk might affect the company's financial resource and ability to continue operations and have nothing to report in this respect. No provisions have been made in the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 March 2020

and 28 February 2021

2,109

NET BOOK VALUE

At 28 February 2021

2,109

At 29 February 2020

2,109

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 March 2020

and 28 February 2021

12,228

DEPRECIATION

At 1 March 2020

5,418

Charge for year

2,270

At 28 February 2021

7,688

NET BOOK VALUE

At 28 February 2021

4,540

At 29 February 2020

6,810

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

4,485

4,608

Other debtors

503

-

4,988

4,608

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

172

-

Tax

1,961

2,184

VAT

1,377

2,036

Directors' current accounts

6,104

5,238

Accruals and deferred income

3,700

1,850

13,314

11,308

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 March 2020

12,426

Profit for the year

6,088

Dividends

(4,000

)

At 28 February 2021

14,514

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.