Company registration number 05962446 (England and Wales)
THE CREATIVE LEARNING JOURNEY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
THE CREATIVE LEARNING JOURNEY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
THE CREATIVE LEARNING JOURNEY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1
1
Current assets
Debtors
4
9,499
9,235
Cash at bank and in hand
3,017
4,914
12,516
14,149
Creditors: amounts falling due within one year
5
(500)
(450)
Net current assets
12,016
13,699
Net assets
12,017
13,700
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
11,817
13,500
Total equity
12,017
13,700
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their 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.
The financial statements were approved by the board of directors and authorised for issue on 23 December 2022 and are signed on its behalf by:
Mr PF Ford
Director
Company Registration No. 05962446
THE CREATIVE LEARNING JOURNEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
- 2 -
1
Accounting policies
Company information
The Creative Learning Journey Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Fernwood House, Fernwood Road, Jesmond, Newcastle upon Tyne, United Kingdom, NE2 1TJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with 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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Patents and licences are carried at their original cost of £1.
1.3
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.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
THE CREATIVE LEARNING JOURNEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 3 -
3
Intangible fixed assets
Other
£
Cost
At 1 April 2021 and 31 March 2022
1
Amortisation and impairment
At 1 April 2021 and 31 March 2022
Carrying amount
At 31 March 2022
1
At 31 March 2021
1
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Corporation tax recoverable
2,265
2,265
Directors' current accounts
6,970
6,970
Other debtors
264
9,499
9,235
5
Creditors: amounts falling due within one year
2022
2021
£
£
Accruals and deferred income
500
450
THE CREATIVE LEARNING JOURNEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 4 -
6
Directors' transactions
The following advances and credits to directors subsisted during the years ended 31 March 2022 and 31 March 2021:
D Harris and Mrs H Harris
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Balance outstanding at the start of the year
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Balance outstanding at the end of the year
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No interest is being charged on the above loan.
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