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Company Registration No. 13413091 (England and Wales)
Creation Office Ltd Unaudited accounts for the year ended 31 July 2023
Creation Office Ltd Unaudited accounts Contents
Page
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Creation Office Ltd Company Information for the year ended 31 July 2023
Directors
Leo Nelson Jade Nelson
Company Number
13413091 (England and Wales)
Registered Office
C/O New Beacon Group Stafford Enterprise Park, Weston Road Stafford Staffordshire ST18 0BF
Accountants
Victoria Miles Accountants Stafford Education and Enterprise Park Weston Road Stafford Staffordshire ST18 0BF
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Creation Office Ltd for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Creation Office Ltd for the year ended 31 July 2023 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Creation Office Ltd, as a body, in accordance with the terms of our engagement letter dated 10 March 2022. Our work has been undertaken solely to prepare for your approval the accounts of Creation Office Ltd and state those matters that we have agreed to state to the Board of Directors of Creation Office Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Creation Office Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Creation Office Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Creation Office Ltd. You consider that Creation Office Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Creation Office Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Victoria Miles Accountants Chartered Certified Accountants Stafford Education and Enterprise Park Weston Road Stafford Staffordshire ST18 0BF 22 April 2024
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Creation Office Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
86,107 
20,852 
Current assets
Debtors
203,447 
73,310 
Cash at bank and in hand
167,230 
9,982 
370,677 
83,292 
Creditors: amounts falling due within one year
(297,261)
(47,661)
Net current assets
73,416 
35,631 
Total assets less current liabilities
159,523 
56,483 
Creditors: amounts falling due after more than one year
(44,628)
- 
Provisions for liabilities
Deferred tax
(18,082)
(3,962)
Net assets
96,813 
52,521 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
96,812 
52,520 
Shareholders' funds
96,813 
52,521 
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 22 April 2024 and were signed on its behalf by
Leo Nelson Director Company Registration No. 13413091
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Creation Office Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Creation Office Ltd is a private company, limited by shares, registered in England and Wales, registration number 13413091. The registered office is C/O New Beacon Group , Stafford Enterprise Park, Weston Road, Stafford, Staffordshire, ST18 0BF.
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
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Creation Office Ltd Notes to the Accounts for the year ended 31 July 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2022
1,307 
23,047 
772 
2,676 
27,802 
Additions
- 
78,638 
142 
9,413 
88,193 
At 31 July 2023
1,307 
101,685 
914 
12,089 
115,995 
Depreciation
At 1 August 2022
327 
5,761 
193 
669 
6,950 
Charge for the year
245 
19,658 
180 
2,855 
22,938 
At 31 July 2023
572 
25,419 
373 
3,524 
29,888 
Net book value
At 31 July 2023
735 
76,266 
541 
8,565 
86,107 
At 31 July 2022
980 
17,286 
579 
2,007 
20,852 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
203,447 
44,361 
Accrued income and prepayments
- 
21,250 
Other debtors
- 
7,699 
203,447 
73,310 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
33,282 
- 
VAT
96,350 
14,436 
Obligations under finance leases and hire purchase contracts
14,097 
- 
Trade creditors
73,980 
5,567 
Taxes and social security
74,572 
22,655 
Other creditors
4,971 
5,003 
Loans from directors
9 
- 
297,261 
47,661 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
44,628 
- 
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Creation Office Ltd Notes to the Accounts for the year ended 31 July 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan
7,699 
- 
7,699 
- 
7,699 
- 
7,699 
- 
10
Controlling party
The company is a wholly owned subsidiary of LAN Ventures Ltd a UK registered business whose registered office and principal place of business is 3 Dowling Road, Uttoxeter, ST14 8WB.
11
Average number of employees
During the year the average number of employees was 6 (2022: 2).
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