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REGISTERED NUMBER: 08874366 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

CREO COMMUNICATIONS LIMITED

CREO COMMUNICATIONS LIMITED (REGISTERED NUMBER: 08874366)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CREO COMMUNICATIONS LIMITED

COMPANY INFORMATION
For The Year Ended 28th February 2023







DIRECTOR: Mrs L A Bradford





REGISTERED OFFICE: 8 Foyle Street
Sunderland
SR1 1LB





REGISTERED NUMBER: 08874366 (England and Wales)





ACCOUNTANTS: Stafford Accountancy
22 Foyle Street
Sunderland
Tyne and Wear
SR1 1LE

CREO COMMUNICATIONS LIMITED (REGISTERED NUMBER: 08874366)

BALANCE SHEET
28th February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,352 63,693

CURRENT ASSETS
Debtors 5 265,209 183,010
Cash at bank and in hand 359,334 244,951
624,543 427,961
CREDITORS
Amounts falling due within one year 6 125,826 106,849
NET CURRENT ASSETS 498,717 321,112
TOTAL ASSETS LESS CURRENT
LIABILITIES

558,069

384,805

PROVISIONS FOR LIABILITIES 10,272 11,165
NET ASSETS 547,797 373,640

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 547,697 373,540
SHAREHOLDERS' FUNDS 547,797 373,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

CREO COMMUNICATIONS LIMITED (REGISTERED NUMBER: 08874366)

BALANCE SHEET - continued
28th February 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th November 2023 and were signed by:





Mrs L A Bradford - Director


CREO COMMUNICATIONS LIMITED (REGISTERED NUMBER: 08874366)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28th February 2023

1. STATUTORY INFORMATION

Creo Communications 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 (£).


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 comprises the fair value of the consideration received or receivable for the provision of
services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts. The company recognises revenue when:

The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - at varying rates on cost

Government grants
Grants are recognised within the financial statements in the period where there is reasonable
assurance that the grant conditions will be met and that all conditions attaching to the grant will be
complied with.

When the grant relates to an expenses, it is recognised as income over the years necessary to match the grant on a systematic basis to the costs that it intends to compensate.

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.


CREO COMMUNICATIONS LIMITED (REGISTERED NUMBER: 08874366)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28th February 2023

2. ACCOUNTING POLICIES - continued
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 11 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1st March 2022 28,938 30,781 35,722 95,441
Additions - 8,396 - 8,396
Disposals - (166 ) - (166 )
At 28th February 2023 28,938 39,011 35,722 103,671
DEPRECIATION
At 1st March 2022 3,566 7,046 21,136 31,748
Charge for year 864 7,084 4,623 12,571
At 28th February 2023 4,430 14,130 25,759 44,319
NET BOOK VALUE
At 28th February 2023 24,508 24,881 9,963 59,352
At 28th February 2022 25,372 23,735 14,586 63,693

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 258,319 178,868
Other debtors 1,038 -
Prepayments 5,852 4,142
265,209 183,010

CREO COMMUNICATIONS LIMITED (REGISTERED NUMBER: 08874366)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28th February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,854 12,101
Tax 56,104 48,789
Social security and other taxes 6,185 8,612
VAT 41,547 32,092
Other creditors 4,260 1,699
Directors' current accounts - 106
Accrued expenses 14,876 3,450
125,826 106,849

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100

8. OTHER FINANCIAL COMMITMENTS

Other financial commitments as at 28 February 2023 amounted to £4,287 (2022: £5,994).