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REGISTERED NUMBER: 07169297 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

OBJECTIVE CREATIVE LIMITED

OBJECTIVE CREATIVE LIMITED (REGISTERED NUMBER: 07169297)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OBJECTIVE CREATIVE LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2022







DIRECTORS: D Broadbent
C Richardson





REGISTERED OFFICE: The Circle
33 Rockingham Lane
Sheffield
S1 4FW





REGISTERED NUMBER: 07169297 (England and Wales)





ACCOUNTANTS: Hodgson & Oldfield
20 Paradise Square
Sheffield
S1 2DE

OBJECTIVE CREATIVE LIMITED (REGISTERED NUMBER: 07169297)

BALANCE SHEET
28 February 2022

28.2.22 28.2.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,360 4,800

CURRENT ASSETS
Debtors 5 79,454 74,069
Cash at bank and in hand 267,301 208,679
346,755 282,748
CREDITORS
Amounts falling due within one year 6 111,860 92,464
NET CURRENT ASSETS 234,895 190,284
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,255

195,084

CREDITORS
Amounts falling due after more than one
year

7

(40,278

)

(45,833

)

PROVISIONS FOR LIABILITIES (1,968 ) (912 )
NET ASSETS 203,009 148,339

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 203,005 148,335
SHAREHOLDERS' FUNDS 203,009 148,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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.

OBJECTIVE CREATIVE LIMITED (REGISTERED NUMBER: 07169297)

BALANCE SHEET - continued
28 February 2022


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 approved by the Board of Directors and authorised for issue on 30 July 2022 and were signed on its behalf by:





D Broadbent - Director


OBJECTIVE CREATIVE LIMITED (REGISTERED NUMBER: 07169297)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2022

1. STATUTORY INFORMATION

Objective Creative 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Monetary amounts in these financial statements are rounded to the nearest £.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

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.

OBJECTIVE CREATIVE LIMITED (REGISTERED NUMBER: 07169297)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2021 1,568 2,895 13,269 17,732
Additions - - 8,472 8,472
At 28 February 2022 1,568 2,895 21,741 26,204
DEPRECIATION
At 1 March 2021 1,197 1,744 9,991 12,932
Charge for year 73 166 2,673 2,912
At 28 February 2022 1,270 1,910 12,664 15,844
NET BOOK VALUE
At 28 February 2022 298 985 9,077 10,360
At 28 February 2021 371 1,151 3,278 4,800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade debtors 76,338 70,951
Other debtors 3,116 3,118
79,454 74,069

OBJECTIVE CREATIVE LIMITED (REGISTERED NUMBER: 07169297)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Bank loans and overdrafts 5,556 4,167
Trade creditors 16,672 12,044
Taxation and social security 79,538 66,806
Other creditors 10,094 9,447
111,860 92,464

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.22 28.2.21
£    £   
Bank loans 40,278 45,833

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,056 23,611

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who own 100% of the issued share capital.