IRIS Accounts Production v24.2.0.383 06852780 Board of Directors 1.4.23 31.3.24 31.3.24 3.10.24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068527802023-03-31068527802024-03-31068527802023-04-012024-03-31068527802022-03-31068527802022-04-012023-03-31068527802023-03-3106852780ns15:EnglandWales2023-04-012024-03-3106852780ns14:PoundSterling2023-04-012024-03-3106852780ns10:Director12023-04-012024-03-3106852780ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106852780ns10:SmallEntities2023-04-012024-03-3106852780ns10:Audited2023-04-012024-03-3106852780ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106852780ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106852780ns10:FullAccounts2023-04-012024-03-3106852780ns10:Director22023-04-012024-03-3106852780ns10:RegisteredOffice2023-04-012024-03-3106852780ns5:CurrentFinancialInstruments2024-03-3106852780ns5:CurrentFinancialInstruments2023-03-3106852780ns5:ShareCapital2024-03-3106852780ns5:ShareCapital2023-03-3106852780ns5:RetainedEarningsAccumulatedLosses2024-03-3106852780ns5:RetainedEarningsAccumulatedLosses2023-03-3106852780ns5:FurnitureFittings2023-04-012024-03-3106852780ns5:ComputerEquipment2023-04-012024-03-3106852780ns5:FurnitureFittings2023-03-3106852780ns5:ComputerEquipment2023-03-3106852780ns5:FurnitureFittings2024-03-3106852780ns5:ComputerEquipment2024-03-3106852780ns5:FurnitureFittings2023-03-3106852780ns5:ComputerEquipment2023-03-3106852780ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106852780ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31068527801ns10:Director12023-03-31068527801ns10:Director12022-03-31068527801ns10:Director12023-04-012024-03-31068527801ns10:Director12022-04-012023-03-31068527801ns10:Director12024-03-31068527801ns10:Director12023-03-31
REGISTERED NUMBER: 06852780 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ENVY CREATE LIMITED

ENVY CREATE LIMITED (REGISTERED NUMBER: 06852780)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ENVY CREATE LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: A Le Mans
J D Wylie





REGISTERED OFFICE: 10 Barley Mow Passage
London
W4 4PH





REGISTERED NUMBER: 06852780 (England and Wales)





AUDITORS: Flint & Thompson
Statutory Auditors
2 Manor Square
Solihull
West Midlands
B91 3PX

ENVY CREATE LIMITED (REGISTERED NUMBER: 06852780)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,228 42,173

CURRENT ASSETS
Stocks 995,074 788,992
Debtors 5 554,310 513,948
Cash at bank 998,385 1,844,421
2,547,769 3,147,361
CREDITORS
Amounts falling due within one year 6 1,821,184 3,083,513
NET CURRENT ASSETS 726,585 63,848
TOTAL ASSETS LESS CURRENT
LIABILITIES

768,813

106,021

PROVISIONS FOR LIABILITIES 8,024 8,013
NET ASSETS 760,789 98,008

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 760,783 98,002
SHAREHOLDERS' FUNDS 760,789 98,008

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 Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





A Le Mans - Director


ENVY CREATE LIMITED (REGISTERED NUMBER: 06852780)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Envy Create 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis which the director considers to be appropriate. The company has group support to ensure that it meets its liabilities for a period of no less than 12 months from the approval of the financial statements. Consequently, the director is confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of the financial statements and therefore have prepared them on a going concern basis.

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 - 25% reducing balance
Computer equipment - 25% reducing balance

Work in progress
Work in progress is valued on costs incurred for events that are in progress and due to take place after the year end.

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.

ENVY CREATE LIMITED (REGISTERED NUMBER: 06852780)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 27,001 93,109 120,110
Additions 2,137 11,994 14,131
At 31 March 2024 29,138 105,103 134,241
DEPRECIATION
At 1 April 2023 22,170 55,767 77,937
Charge for year 1,742 12,334 14,076
At 31 March 2024 23,912 68,101 92,013
NET BOOK VALUE
At 31 March 2024 5,226 37,002 42,228
At 31 March 2023 4,831 37,342 42,173

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 402,004 500,917
Other debtors 152,306 13,031
554,310 513,948

ENVY CREATE LIMITED (REGISTERED NUMBER: 06852780)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 46
Trade creditors 502,805 312,012
Taxation and social security 134,299 116,880
Other creditors 1,184,080 2,654,575
1,821,184 3,083,513

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Georgiades BA FCA (Senior Statutory Auditor)
for and on behalf of Flint & Thompson

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
A Le Mans
Balance outstanding at start of year (813,636 ) (80,999 )
Amounts advanced 1,685,710 887,363
Amounts repaid (875,000 ) (1,620,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,926 ) (813,636 )

9. RELATED PARTY DISCLOSURES

During the year the company paid dividends of £875,000 (2023: £1,620,000) to it's directors.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr A LeMans and Mr J Wylie both directors of the company who own 100% of the issued voting share capital.