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Company Registration No. 11980335 (England and Wales)
Creaxive Limited Filleted accounts for the year ended 31 October 2023
Creaxive Limited Filleted accounts Contents
Page
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Creaxive Limited Company Information for the year ended 31 October 2023
Director
Zain Ashraf Lambat
Company Number
11980335 (England and Wales)
Registered Office
63 Tennis Court Drive Leicester LE5 1AS
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Creaxive Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,427 
9,959 
Current assets
Debtors
13,139 
200 
Cash at bank and in hand
3,026 
6,377 
16,165 
6,577 
Creditors: amounts falling due within one year
(45,516)
(8,523)
Net current liabilities
(29,351)
(1,946)
Net (liabilities)/assets
(22,924)
8,013 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(22,925)
8,012 
Shareholders' funds
(22,924)
8,013 
For the year ending 31 October 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 8 July 2024 and were signed on its behalf by
Zain Ashraf Lambat Director Company Registration No. 11980335
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Creaxive Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Creaxive Limited is a private company, limited by shares, registered in England and Wales, registration number 11980335. The registered office is 63 Tennis Court Drive, Leicester, LE5 1AS.
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:
Computer equipment
25% straight line
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.
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Creaxive Limited Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
3,899 
14,070 
17,969 
Additions
498 
1,405 
1,903 
At 31 October 2023
4,397 
15,475 
19,872 
Depreciation
At 1 November 2022
975 
7,035 
8,010 
Charge for the year
1,023 
4,412 
5,435 
At 31 October 2023
1,998 
11,447 
13,445 
Net book value
At 31 October 2023
2,399 
4,028 
6,427 
At 31 October 2022
2,924 
7,035 
9,959 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,139 
- 
Amounts due from group undertakings etc.
- 
200 
13,139 
200 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
708 
- 
Amounts owed to group undertakings and other participating interests
34,819 
- 
Taxes and social security
- 
1,240 
Other creditors
9,037 
- 
Accruals
952 
7,283 
45,516 
8,523 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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