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REGISTERED NUMBER: 13334930 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

CREALITY LIMITED

CREALITY LIMITED (REGISTERED NUMBER: 13334930)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CREALITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Y Zeng





REGISTERED OFFICE: 32b Barrett's Grove
London
N16 8AJ





REGISTERED NUMBER: 13334930 (England and Wales)





ACCOUNTANTS: William Evans & Partners
20 Harcourt Street
London
W1H 4HG

CREALITY LIMITED (REGISTERED NUMBER: 13334930)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1

CURRENT ASSETS
Debtors 5 - 8,499
Cash at bank 366 1,380
366 9,879
CREDITORS
Amounts falling due within one year 6 400 9,900
NET CURRENT LIABILITIES (34 ) (21 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(33

)

(20

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (133 ) (120 )
SHAREHOLDERS' FUNDS (33 ) (20 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 April 2024 and were signed by:





Y Zeng - Director


CREALITY LIMITED (REGISTERED NUMBER: 13334930)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Creality Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern basis of accounting
The company has received assurances from the director that she will continue to give financial support to the company for twelve months from the date of signing these financial statements.
On this basis, the director consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amounts and to provide for any further liabilities which may arise. The accounts do not include any adjustments to the company's assets and liabilities that might be necessary should this basis not continue to be appropriate.

Turnover
Turnover represents share of profit due from investment, excluding value added tax.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

CREALITY LIMITED (REGISTERED NUMBER: 13334930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. FIXED ASSET INVESTMENTS

Investment in subsidiary undertaking

Investment in wholly owned subsidiary company, Creality One limited is held at cost.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other Debtors include Loan Advance to subsidiary undertaking

The company had advanced interest free loans to wholly owned subsidiary company which was . repaid during the year.The outstanding loan due as at year end was nil ( 2022:£8,499).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 400 9,900

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

The director provided a loan to the company.This loan bears no interest and is repayable on demand.The amount owed as at 31 July 2023 was £400 (2022:£9,900).The loan amount is included in other creditors.

During the period, loan advanced to wholly owned subsidiary was repaid in full. The amount owed as at 31 July 2023 was nil (2022: was £8,499).

9. ULTIMATE CONTROLLING PARTY

The controlling party is Y Zeng.