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Company Registration No. 10837940 (England and Wales)
Creative Glassworks Ltd Unaudited accounts for the year ended 31 May 2023
Creative Glassworks Ltd Unaudited accounts Contents
Page
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Creative Glassworks Ltd Company Information for the year ended 31 May 2023
Director
C. Milner
Company Number
10837940 (England and Wales)
Registered Office
62 VITTORIA STREET WIRRAL CH41 3NX UNITED KINGDOM
Accountants
PAB Accountants 62 VITTORIA STREET WIRRAL CH41 3NX
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Creative Glassworks Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,876 
5,318 
Current assets
Inventories
7,500 
7,500 
Debtors
7,642 
8,996 
Cash at bank and in hand
25,196 
8,577 
40,338 
25,073 
Creditors: amounts falling due within one year
(24,825)
(28,763)
Net current assets/(liabilities)
15,513 
(3,690)
Total assets less current liabilities
26,389 
1,628 
Creditors: amounts falling due after more than one year
(36,137)
(31,400)
Net liabilities
(9,748)
(29,772)
Capital and reserves
Called up share capital
8 
8 
Profit and loss account
(9,756)
(29,780)
Shareholders' funds
(9,748)
(29,772)
For the year ending 31 May 2023 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 director acknowledges his 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 and authorised for issue on 19 July 2023 and were signed on its behalf by
C. Milner Director Company Registration No. 10837940
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Creative Glassworks Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Creative Glassworks Ltd is a private company, limited by shares, registered in England and Wales, registration number 10837940. The registered office is 62 VITTORIA STREET, WIRRAL, CH41 3NX, UNITED KINGDOM.
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
15%
Motor vehicles
25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
11,715 
- 
11,715 
Additions
- 
8,475 
8,475 
At 31 May 2023
11,715 
8,475 
20,190 
Depreciation
At 1 June 2022
6,397 
- 
6,397 
Charge for the year
798 
2,119 
2,917 
At 31 May 2023
7,195 
2,119 
9,314 
Net book value
At 31 May 2023
4,520 
6,356 
10,876 
At 31 May 2022
5,318 
- 
5,318 
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Creative Glassworks Ltd Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,542 
8,896 
Other debtors
100 
100 
7,642 
8,996 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
5,340 
371 
Trade creditors
4,106 
9,694 
Taxes and social security
6,900 
6,842 
Other creditors
1,337 
714 
Loans from directors
5,592 
10,592 
Accruals
1,550 
550 
24,825 
28,763 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,400 
16,200 
Obligations under finance leases and hire purchase contracts
6,537 
- 
Other creditors
15,200 
15,200 
36,137 
31,400 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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