1 January 2021 false No description of principal activity Taxfiler 2022.8.3 06759201business:PrivateLimitedCompanyLtd2021-01-012021-12-31 067592012020-12-31 067592012021-01-012021-12-31 06759201business:AuditExempt-NoAccountantsReport2021-01-012021-12-31 06759201business:FullAccounts2021-01-012021-12-31 067592012021-12-31 06759201business:Director12021-01-012021-12-31 06759201business:Director22021-01-012021-12-31 06759201business:Director32021-01-012021-12-31 06759201business:Director42021-01-012021-12-31 06759201business:RegisteredOffice2021-01-012021-12-31 067592012020-12-31 06759201core:WithinOneYear2021-12-31 06759201core:WithinOneYear2020-12-31 06759201core:AfterOneYear2021-12-31 06759201core:AfterOneYear2020-12-31 06759201core:ShareCapital2021-12-31 06759201core:ShareCapital2020-12-31 06759201core:RetainedEarningsAccumulatedLosses2021-12-31 06759201core:RetainedEarningsAccumulatedLosses2020-12-31 06759201business:SmallEntities2021-01-012021-12-31 06759201countries:EnglandWales2021-01-012021-12-31 06759201core:PlantMachinery2021-01-012021-12-31 06759201core:PlantMachinery2020-12-31 06759201core:MotorVehicles2020-12-31 06759201core:ComputerEquipment2020-12-31 06759201core:MotorVehicles2021-01-012021-12-31 06759201core:ComputerEquipment2021-01-012021-12-31 06759201core:PlantMachinery2021-12-31 06759201core:MotorVehicles2021-12-31 06759201core:ComputerEquipment2021-12-31 067592012020-01-012020-12-31 iso4217:GBP xbrli:pure
Company Registration No. 06759201 (England and Wales)
Creative8 Limited Unaudited accounts for the year ended 31 December 2021
Creative8 Limited Unaudited accounts Contents
Page
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Creative8 Limited Company Information for the year ended 31 December 2021
Directors
A C Bailey D Gurney P harber N Bracey
Company Number
06759201 (England and Wales)
Registered Office
Unit 25, North luton Ind Estate Sedgwick Road Luton Beds LU4 9DT
Accountants
Riley Accountants Limited Gable End, Sparrow Hall Business Park Leighton Road Edlesborough Beds LU6 2ES
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Creative8 Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
64,454 
52,434 
Current assets
Debtors
622,582 
84,816 
Cash at bank and in hand
1,919,997 
1,397,260 
2,542,579 
1,482,076 
Creditors: amounts falling due within one year
(1,386,055)
(992,385)
Net current assets
1,156,524 
489,691 
Total assets less current liabilities
1,220,978 
542,125 
Creditors: amounts falling due after more than one year
(250,000)
(50,000)
Provisions for liabilities
Deferred tax
(5,989)
(5,989)
Net assets
964,989 
486,136 
Capital and reserves
Called up share capital
400 
400 
Profit and loss account
964,589 
485,736 
Shareholders' funds
964,989 
486,136 
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2022 and were signed on its behalf by
A C Bailey Director Company Registration No. 06759201
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Creative8 Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Creative8 Limited is a private company, limited by shares, registered in England and Wales, registration number 06759201. The registered office is Unit 25, North luton Ind Estate, Sedgwick Road, Luton, Beds, LU4 9DT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2021
68,682 
20,000 
21,359 
110,041 
Additions
1,000 
- 
17,366 
18,366 
Disposals
- 
(20,000)
- 
(20,000)
At 31 December 2021
69,682 
- 
38,725 
108,407 
Depreciation
At 1 January 2021
24,073 
16,836 
16,698 
57,607 
Charge for the year
1,475 
- 
1,707 
3,182 
On disposals
- 
(16,836)
- 
(16,836)
At 31 December 2021
25,548 
- 
18,405 
43,953 
Net book value
At 31 December 2021
44,134 
- 
20,320 
64,454 
At 31 December 2020
44,609 
3,164 
4,661 
52,434 
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Creative8 Limited Notes to the Accounts for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
96,594 
58,269 
Accrued income and prepayments
8,895 
- 
Other debtors
34,753 
26,547 
140,242 
84,816 
Debtors: amounts falling due after more than one year
Amounts due from group undertakings etc.
482,340 
- 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
68,177 
8,594 
Trade creditors
252,383 
154,626 
Taxes and social security
92,853 
- 
Other creditors
192,364 
181,955 
Loans from directors
9,210 
9,210 
Accruals
771,068 
638,000 
1,386,055 
992,385 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
250,000 
50,000 
8
Average number of employees
During the year the average number of employees was 12 (2020: 12).
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