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
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
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
Creation Office Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
86,107
20,852
Cash at bank and in hand
167,230
9,982
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)
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
Creation Office Ltd
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
Creation Office Ltd
Notes to the Accounts
for the year ended 31 July 2023
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
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
At 31 July 2023
735
76,266
541
8,565
86,107
At 31 July 2022
980
17,286
579
2,007
20,852
Amounts falling due within one year
Trade debtors
203,447
44,361
Accrued income and prepayments
-
21,250
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
33,282
-
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
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
44,628
-
Creation Office Ltd
Notes to the Accounts
for the year ended 31 July 2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).