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Company Registration No. 07640695 (England and Wales)
CREO UNIVERSAL LTD Amended Unaudited accounts for the year ended 31 May 2023
CREO UNIVERSAL LTD Amended Unaudited accounts Contents
Page
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CREO UNIVERSAL LTD Company Information for the year ended 31 May 2023
Director
Furqan Younes
Company Number
07640695 (England and Wales)
Registered Office
TOP FLOOR 92 VYSE STREET HOCKLEY BIRMINGHAM B18 6JZ
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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CREO UNIVERSAL LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
4,279 
4,279 
Tangible assets
- 
3,894 
4,279 
8,173 
Current assets
Cash at bank and in hand
9,106 
19,184 
Creditors: amounts falling due within one year
(265,182)
(272,404)
Net current liabilities
(256,076)
(253,220)
Total assets less current liabilities
(251,797)
(245,047)
Provisions for liabilities
Deferred tax
(1,479)
(1,479)
Net liabilities
(253,276)
(246,526)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(253,376)
(246,626)
Shareholders' funds
(253,276)
(246,526)
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 3 March 2024 and were signed on its behalf by
Furqan Younes Director Company Registration No. 07640695
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CREO UNIVERSAL LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
CREO UNIVERSAL LTD is a private company, limited by shares, registered in England and Wales, registration number 07640695. The registered office is TOP FLOOR 92 VYSE STREET, HOCKLEY, BIRMINGHAM, B18 6JZ.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
50% on Reducing balance
Fixtures & fittings
50% on Reducing balance
Computer equipment
50% on Reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
The director has considered the effect of future events on the company and has determined that they do not create a material uncertainty that casts significant doubt upon the company's ability to continue as a going concern. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.
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CREO UNIVERSAL LTD Notes to the Accounts for the year ended 31 May 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2022
4,279 
At 31 May 2023
4,279 
Amortisation
At 1 June 2022
- 
At 31 May 2023
- 
Net book value
At 31 May 2023
4,279 
At 31 May 2022
4,279 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
5,851 
13,036 
4,860 
23,747 
At 31 May 2023
5,851 
13,036 
4,860 
23,747 
Depreciation
At 1 June 2022
5,563 
10,528 
3,762 
19,853 
Charge for the year
288 
2,508 
1,098 
3,894 
At 31 May 2023
5,851 
13,036 
4,860 
23,747 
Net book value
At 31 May 2023
- 
- 
- 
- 
At 31 May 2022
288 
2,508 
1,098 
3,894 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
117,577 
118,502 
Taxes and social security
5,694 
1,453 
Other creditors
(263)
1,568 
Loans from directors
141,875 
150,282 
Accruals
299 
599 
265,182 
272,404 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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