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Unaudited Financial Statements for the Year Ended 30 November 2020 |
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Custard Creative Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 November 2020 |
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for |
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Custard Creative Limited |
Custard Creative Limited (Registered number: 04501658) |
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Contents of the Financial Statements |
for the Year Ended 30 November 2020 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 5 |
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Custard Creative Limited |
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Company Information |
for the Year Ended 30 November 2020 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1 Billing Road |
Northampton |
Northamptonshire |
NN1 5AL |
Custard Creative Limited (Registered number: 04501658) |
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Abridged Balance Sheet |
30 November 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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PROVISIONS FOR LIABILITIES | ( |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges her 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. |
Custard Creative Limited (Registered number: 04501658) |
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Abridged Balance Sheet - continued |
30 November 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
Custard Creative Limited (Registered number: 04501658) |
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Abridged Balance Sheet - continued |
30 November 2020 |
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The financial statements were approved by the director and authorised for issue on
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Custard Creative Limited (Registered number: 04501658) |
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Notes to the Financial Statements |
for the Year Ended 30 November 2020 |
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1. | STATUTORY INFORMATION |
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Custard Creative Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Goodwill |
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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. |
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Intangible assets |
Franchise licence fees are capitalised within Intangible assets and amortised over their useful economic life of 2 years. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Custard Creative Limited (Registered number: 04501658) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2020 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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Going concern |
These financial statements have been prepared on a going concern basis due to the continued financial support from the director. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 December 2019 |
and 30 November 2020 |
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AMORTISATION |
At 1 December 2019 |
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Amortisation for year |
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At 30 November 2020 |
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NET BOOK VALUE |
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At 30 November 2020 |
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At 30 November 2019 |
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Custard Creative Limited (Registered number: 04501658) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2020 |
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5. | TANGIBLE FIXED ASSETS |
Totals |
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COST |
At 1 December 2019 |
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Additions |
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At 30 November 2020 |
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DEPRECIATION |
At 1 December 2019 |
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Charge for year |
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At 30 November 2020 |
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NET BOOK VALUE |
At 30 November 2020 |
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At 30 November 2019 |
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