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REGISTERED NUMBER: 06951946 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2024

for

F8 CREATES LIMITED

F8 CREATES LIMITED (REGISTERED NUMBER: 06951946)

Contents of the Financial Statements
for the Year Ended 30th April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F8 CREATES LIMITED

Company Information
for the Year Ended 30th April 2024







DIRECTORS: Mr H Gill
Mr G Smith





REGISTERED OFFICE: The Kiln
2 Copenhagen Street
Worcester
Worcestershire
WR1 2HB





REGISTERED NUMBER: 06951946 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

F8 CREATES LIMITED (REGISTERED NUMBER: 06951946)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,091 11,402

CURRENT ASSETS
Debtors 5 55,066 44,886
Cash at bank 8,671 17,828
63,737 62,714
CREDITORS
Amounts falling due within one year 6 43,409 38,960
NET CURRENT ASSETS 20,328 23,754
TOTAL ASSETS LESS CURRENT LIABILITIES 30,419 35,156

CREDITORS
Amounts falling due after more than one
year

7

(27,843

)

(33,232

)

PROVISIONS FOR LIABILITIES 10 (2,523 ) (1,845 )
NET ASSETS 53 79

CAPITAL AND RESERVES
Called up share capital 11 8 8
Retained earnings 45 71
SHAREHOLDERS' FUNDS 53 79

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

F8 CREATES LIMITED (REGISTERED NUMBER: 06951946)

Balance Sheet - continued
30th April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th September 2024 and were signed on its behalf by:




Mr G Smith - Director



Mr H Gill - Director


F8 CREATES LIMITED (REGISTERED NUMBER: 06951946)

Notes to the Financial Statements
for the Year Ended 30th April 2024


1. STATUTORY INFORMATION

F8 Creates 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

F8 CREATES LIMITED (REGISTERED NUMBER: 06951946)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st May 2023 31,623 2,026 33,649
Additions 2,224 - 2,224
Disposals (1,014 ) - (1,014 )
At 30th April 2024 32,833 2,026 34,859
DEPRECIATION
At 1st May 2023 20,885 1,362 22,247
Charge for year 3,187 133 3,320
Eliminated on disposal (799 ) - (799 )
At 30th April 2024 23,273 1,495 24,768
NET BOOK VALUE
At 30th April 2024 9,560 531 10,091
At 30th April 2023 10,738 664 11,402

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,392 29,020
Other debtors 30,674 15,866
55,066 44,886

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 5,389 5,411
Trade creditors 935 9,025
Taxation and social security 27,382 29,687
Other creditors 9,703 (5,163 )
43,409 38,960

F8 CREATES LIMITED (REGISTERED NUMBER: 06951946)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 27,843 33,232

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,287 11,676

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 22
Bank loans 5,389 5,389
Other loans 4,217 4,428
9,606 9,839

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,389 5,389

Amounts falling due between two and five years:
Bank loans - 2-5 years 16,167 16,167

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,287 11,676

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 33,232 38,621

F8 CREATES LIMITED (REGISTERED NUMBER: 06951946)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024


10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 2,523 1,845

Deferred
tax
£   
Balance at 1st May 2023 1,845
Provided during year 678
Balance at 30th April 2024 2,523

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
6 Ordinary £1 6 6

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary B £1 2 2

12. ULTIMATE CONTROLLING PARTY

During the period there was no ultimate controlling party.