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REGISTERED NUMBER: 06951946 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2023

FOR

F8 CREATES LIMITED

F8 CREATES LIMITED (REGISTERED NUMBER: 06951946)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F8 CREATES LIMITED

COMPANY INFORMATION
for the Year Ended 30th April 2023







DIRECTORS: Mr H Gill
Mr G Smith





REGISTERED OFFICE: The Kiln
2 Copenhagen Street
Worcester
Worcestershire
WR1 2HB





REGISTERED NUMBER: 06951946 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

F8 CREATES LIMITED (REGISTERED NUMBER: 06951946)

BALANCE SHEET
30th April 2023

30/4/23 30/4/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,402 9,057

CURRENT ASSETS
Debtors 5 44,886 41,682
Cash at bank 17,828 12,968
62,714 54,650
CREDITORS
Amounts falling due within one year 6 38,960 21,583
NET CURRENT ASSETS 23,754 33,067
TOTAL ASSETS LESS CURRENT LIABILITIES 35,156 42,124

CREDITORS
Amounts falling due after more than one
year

7

(33,232

)

(38,621

)

PROVISIONS FOR LIABILITIES 10 (1,845 ) (1,721 )
NET ASSETS 79 1,782

CAPITAL AND RESERVES
Called up share capital 11 8 8
Retained earnings 71 1,774
SHAREHOLDERS' FUNDS 79 1,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2023 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.

F8 CREATES LIMITED (REGISTERED NUMBER: 06951946)

BALANCE SHEET - continued
30th April 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th September 2023 and were signed on its behalf by:




Mr G Smith - Director



Mr H Gill - Director


F8 CREATES LIMITED (REGISTERED NUMBER: 06951946)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2023


1. STATUTORY INFORMATION

F8 Creates 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.

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 - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 8 (2022 - 8 ) .

F8 CREATES LIMITED (REGISTERED NUMBER: 06951946)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st May 2022 25,533 2,026 27,559
Additions 6,090 - 6,090
At 30th April 2023 31,623 2,026 33,649
DEPRECIATION
At 1st May 2022 17,306 1,196 18,502
Charge for year 3,579 166 3,745
At 30th April 2023 20,885 1,362 22,247
NET BOOK VALUE
At 30th April 2023 10,738 664 11,402
At 30th April 2022 8,227 830 9,057

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Trade debtors 29,020 23,827
Other debtors 15,866 17,855
44,886 41,682

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Bank loans and overdrafts (see note 8) 5,411 5,389
Trade creditors 9,025 2,183
Taxation and social security 29,687 25,634
Other creditors (5,163 ) (11,623 )
38,960 21,583

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/4/23 30/4/22
£    £   
Bank loans (see note 8) 33,232 38,621

F8 CREATES LIMITED (REGISTERED NUMBER: 06951946)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30/4/23 30/4/22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,676 17,065

8. LOANS

An analysis of the maturity of loans is given below:

30/4/23 30/4/22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 22 -
Bank loans 5,389 5,389
Other loans 4,428 3,808
9,839 9,197

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,389 5,389

Amounts falling due between two and five years:
Bank loans - 2-5 years 16,167 16,167

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,676 17,065

9. SECURED DEBTS

The following secured debts are included within creditors:

30/4/23 30/4/22
£    £   
Bank loans 38,621 44,010

10. PROVISIONS FOR LIABILITIES
30/4/23 30/4/22
£    £   
Deferred tax
Accelerated capital allowances 1,845 1,721

F8 CREATES LIMITED (REGISTERED NUMBER: 06951946)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2023


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st May 2022 1,721
Provided during year 124
Balance at 30th April 2023 1,845

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/23 30/4/22
value: £    £   
6 Ordinary £1 6 6

Allotted and issued:
Number: Class: Nominal 30/4/23 30/4/22
value: £    £   
2 Ordinary B £1 2 2

12. ULTIMATE CONTROLLING PARTY

During the period there was no ultimate controlling party.