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REGISTERED NUMBER: 04102222 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CREASED UP LIMITED

CREASED UP LIMITED (REGISTERED NUMBER: 04102222)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CREASED UP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: P N Gale





REGISTERED OFFICE: Meadow Head Farm
Hothersall Lane
Longridge
Lancashire
PR3 2XB





REGISTERED NUMBER: 04102222 (England and Wales)





ACCOUNTANTS: Accountancy Services (Cheshire) Limited
Unit 2 Mallard Court
Mallard Way
Crewe Business Park
Crewe
Cheshire
CW1 6ZQ

CREASED UP LIMITED (REGISTERED NUMBER: 04102222)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,212 75,112

CURRENT ASSETS
Debtors 5 1,330 5,900
Cash at bank 947 4,117
2,277 10,017
CREDITORS
Amounts falling due within one year 6 71,571 48,603
NET CURRENT LIABILITIES (69,294 ) (38,586 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,082

)

36,526

CREDITORS
Amounts falling due after more than
one year

7

206,747

209,942
NET LIABILITIES (212,829 ) (173,416 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (212,929 ) (173,516 )
SHAREHOLDERS' FUNDS (212,829 ) (173,416 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CREASED UP LIMITED (REGISTERED NUMBER: 04102222)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





P N Gale - Director


CREASED UP LIMITED (REGISTERED NUMBER: 04102222)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Creased Up 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.
Fixtures and fittings - 15% on cost

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

CREASED UP LIMITED (REGISTERED NUMBER: 04102222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 127,112
DEPRECIATION
At 1 January 2023 52,000
Charge for year 11,900
At 31 December 2023 63,900
NET BOOK VALUE
At 31 December 2023 63,212
At 31 December 2022 75,112

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 5,900
VAT 1,330 -
1,330 5,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors (95 ) 708
Social security and other taxes 1,678 1,678
VAT - 2,618
Directors' current accounts 69,243 42,854
Accrued expenses 745 745
71,571 48,603

CREASED UP LIMITED (REGISTERED NUMBER: 04102222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans more 5 yr by instal 6,747 9,942
Directors' loan accounts 200,000 200,000
206,747 209,942

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,747 9,942

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2023 (173,516 )
Deficit for the year (39,413 )
At 31 December 2023 (212,929 )