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
CREO UNIVERSAL LTD
Company Information
for the year ended 31 May 2023
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
CREO UNIVERSAL LTD
Statement of financial position
as at 31 May 2023
Intangible assets
4,279
4,279
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)
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
CREO UNIVERSAL LTD
Notes to the Accounts
for the year ended 31 May 2023
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.
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
50% on Reducing balance
Fixtures & fittings
50% on Reducing balance
Computer equipment
50% on Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
CREO UNIVERSAL LTD
Notes to the Accounts
for the year ended 31 May 2023
4
Intangible fixed assets
Other
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
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
At 31 May 2022
288
2,508
1,098
3,894
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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
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).