Company Registration No. 13932547 (England and Wales)
AUSTIN CREATIONS LTD
Unaudited accounts
for the year ended 29 February 2024
AUSTIN CREATIONS LTD
Unaudited accounts
Contents
AUSTIN CREATIONS LTD
Company Information
for the year ended 29 February 2024
Directors
S. Drummond
J.Dugmore
Company Number
13932547 (England and Wales)
Registered Office
71-75 SHELTON STREET
COVENT GARDEN
LONDON
WC2H 9JQ
ENGLAND
AUSTIN CREATIONS LTD
Statement of financial position
as at 29 February 2024
Called up share capital not paid
100
-
Cash at bank and in hand
38,440
42,529
Creditors: amounts falling due within one year
(10,502)
(15,222)
Net current assets
55,441
72,572
Total assets less current liabilities
56,183
72,572
Creditors: amounts falling due after more than one year
-
(50,211)
Called up share capital
100
100
Profit and loss account
56,083
22,261
Shareholders' funds
56,183
22,361
For the year ending 29 February 2024 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 17 June 2024 and were signed on its behalf by
S. Drummond
Director
Company Registration No. 13932547
AUSTIN CREATIONS LTD
Notes to the Accounts
for the year ended 29 February 2024
AUSTIN CREATIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 13932547. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, ENGLAND.
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 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
Straight line - 4 years
Computer equipment
Straight line - 3 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 29 February 2024
516
223
739
Charge for the year
54
43
97
At 29 February 2024
54
43
97
At 29 February 2024
462
180
642
AUSTIN CREATIONS LTD
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
-
10,000
Taxes and social security
9,911
5,222
7
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
-
50,211
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).