1 March 2023 false No description of principal activity Taxfiler 2024.5 13932547business:PrivateLimitedCompanyLtd2023-03-012024-02-29 139325472023-02-28 139325472023-03-012024-02-29 13932547business:AuditExemptWithAccountantsReport2023-03-012024-02-29 13932547business:FilletedAccounts2023-03-012024-02-29 139325472024-02-29 13932547business:Director12023-03-012024-02-29 13932547business:Director22023-03-012024-02-29 13932547business:RegisteredOffice2023-03-012024-02-29 139325472023-02-28 13932547core:WithinOneYear2024-02-29 13932547core:WithinOneYear2023-02-28 13932547core:AfterOneYear2024-02-29 13932547core:AfterOneYear2023-02-28 13932547core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 13932547core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13932547core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 13932547core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13932547core:PreviouslyStatedAmount2024-02-29 13932547core:PreviouslyStatedAmount2023-02-28 13932547business:SmallEntities2023-03-012024-02-29 13932547countries:EnglandWales2023-03-012024-02-29 13932547core:PlantMachinery2023-03-012024-02-29 13932547core:ComputerEquipment2023-03-012024-02-29 13932547core:PlantMachinery2023-02-28 13932547core:ComputerEquipment2023-02-28 13932547core:PlantMachinery2024-02-29 13932547core:ComputerEquipment2024-02-29 139325472022-03-012023-02-28 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
AUSTIN CREATIONS LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
100 
- 
Fixed assets
Tangible assets
642 
- 
Current assets
Inventories
24,747 
35,575 
Debtors
2,756 
9,690 
Cash at bank and in hand
38,440 
42,529 
65,943 
87,794 
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)
Net assets
56,183 
22,361 
Capital and reserves
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
- 4 -
AUSTIN CREATIONS LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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 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
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 1 March 2023
- 
- 
- 
Additions
516 
223 
739 
At 29 February 2024
516 
223 
739 
Depreciation
Charge for the year
54 
43 
97 
At 29 February 2024
54 
43 
97 
Net book value
At 29 February 2024
462 
180 
642 
- 5 -
AUSTIN CREATIONS LTD Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
7,453 
Trade debtors
2,756 
1,802 
Other debtors
- 
435 
2,756 
9,690 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
591 
- 
Amounts owed to group undertakings and other participating interests
- 
10,000 
Taxes and social security
9,911 
5,222 
10,502 
15,222 
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).
- 6 -