Company Registration No. 06759201 (England and Wales)
Creative8 Limited
Unaudited accounts
for the year ended 31 December 2021
Creative8 Limited
Unaudited accounts
Contents
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
Creative8 Limited
Statement of financial position
as at 31 December 2021
Tangible assets
64,454
52,434
Cash at bank and in hand
1,919,997
1,397,260
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
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
Creative8 Limited
Notes to the Accounts
for the year ended 31 December 2021
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 December 2021
44,134
-
20,320
64,454
At 31 December 2020
44,609
3,164
4,661
52,434
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
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
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
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 12 (2020: 12).