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Registration number: 12914205

For The Creators Limited

trading as For The Creators

Unaudited Filleted Financial Statements

for the Period from 1 October 2022 to 31 December 2023

 

For The Creators Limited

trading as For The Creators

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

For The Creators Limited

trading as For The Creators

Company Information

Director

Mrs LE Mason

Registered office

17 Cheriton Road
Winchester
Hampshire
SO22 5EQ

Accountants

Xeinadin Phillip Carroll
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
For The Creators Limited

trading as For The Creators
for the Period Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of For The Creators Limited for the period ended 31 December 2023 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of For The Creators Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of For The Creators Limited and state those matters that we have agreed to state to the Board of Directors of For The Creators Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than For The Creators Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that For The Creators Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of For The Creators Limited. You consider that For The Creators Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of For The Creators Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................


Xeinadin Phillip Carroll
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

19 July 2024

 

For The Creators Limited

trading as For The Creators

(Registration number: 12914205)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

43,766

26,060

Tangible assets

5

2,452

1,327

 

46,218

27,387

Current assets

 

Stocks

6

158,686

71,102

Debtors

7

29,317

11,882

Cash at bank and in hand

 

8,426

230,204

 

196,429

313,188

Creditors: Amounts falling due within one year

8

(153,216)

(93,552)

Net current assets

 

43,213

219,636

Total assets less current liabilities

 

89,431

247,023

Provisions for liabilities

(478)

(252)

Net assets

 

88,953

246,771

Capital and reserves

 

Called up share capital

9

3

3

Share premium reserve

422,999

422,999

Other reserves

175,274

-

Retained earnings

(509,323)

(176,231)

Shareholders' funds

 

88,953

246,771

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

For The Creators Limited

trading as For The Creators

(Registration number: 12914205)
Balance Sheet as at 31 December 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 July 2024
 

.........................................
Mrs LE Mason
Director

 

For The Creators Limited

trading as For The Creators

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
17 Cheriton Road
Winchester
Hampshire
SO22 5EQ

These financial statements were authorised for issue by the director on 19 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

For The Creators Limited

trading as For The Creators

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 31 December 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

For The Creators Limited

trading as For The Creators

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 31 December 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

For The Creators Limited

trading as For The Creators

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 4 (2022 - 2).

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 October 2022

31,315

31,315

Additions acquired separately

25,981

25,981

At 31 December 2023

57,296

57,296

Amortisation

At 1 October 2022

5,255

5,255

Amortisation charge

8,275

8,275

At 31 December 2023

13,530

13,530

Carrying amount

At 31 December 2023

43,766

43,766

At 30 September 2022

26,060

26,060

 

For The Creators Limited

trading as For The Creators

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 31 December 2023

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2022

1,415

1,415

Additions

1,791

1,791

At 31 December 2023

3,206

3,206

Depreciation

At 1 October 2022

88

88

Charge for the period

666

666

At 31 December 2023

754

754

Carrying amount

At 31 December 2023

2,452

2,452

At 30 September 2022

1,327

1,327

6

Stocks

2023
£

2022
£

Other inventories

158,686

71,102

7

Debtors

2023
£

2022
£

Trade debtors

2,841

2,270

Prepayments and accrued income

780

3,250

Other debtors

25,696

6,362

29,317

11,882

 

For The Creators Limited

trading as For The Creators

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 31 December 2023

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

10

1,665

-

Trade creditors

 

42,151

11,547

Taxation and social security

 

16,893

4,658

Accruals and deferred income

 

2,019

1,255

Other creditors

 

90,488

76,092

 

153,216

93,552

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £0.00001 each

255,294

2.55

255,294

2.55

         

On 23 November 2021 the existing 2 shares of nominal value £1 each were subdivided to 200,000 shares of nominal value £0.00001 each. A further 55,294 shares were issued in the year ended 30 September 2022 of nominal value £0.00001 each.

10

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Bank overdrafts

1,665

-