Company Registration No. 13382422 (England and Wales)
Celebration Creations Limited
Unaudited accounts
for the year ended 31 May 2024
Celebration Creations Limited
Unaudited accounts
Contents
Celebration Creations Limited
Company Information
for the year ended 31 May 2024
Company Number
13382422 (England and Wales)
Registered Office
MCMILLAN HOUSE 6 WOLFRETON DRIVE
ANLABY
HULL
HU10 7BY
ENGLAND
Accountants
Westlands Chartered Accountants
McMillan House
6 Wolfreton Drive
Anlaby
East Riding of Yorkshire
HU10 7BY
Celebration Creations Limited
Statement of financial position
as at 31 May 2024
Tangible assets
35,840
28,419
Cash at bank and in hand
5,201
1,892
Creditors: amounts falling due within one year
(66,639)
(67,274)
Net current assets/(liabilities)
6,539
(1,917)
Total assets less current liabilities
42,379
26,502
Creditors: amounts falling due after more than one year
(18,136)
(23,295)
Called up share capital
2
2
Profit and loss account
24,241
3,205
Shareholders' funds
24,243
3,207
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 4 September 2024 and were signed on its behalf by
Mr R MacKay
Director
Company Registration No. 13382422
Celebration Creations Limited
Notes to the Accounts
for the year ended 31 May 2024
Celebration Creations Limited is a private company, limited by shares, registered in England and Wales, registration number 13382422. The registered office is MCMILLAN HOUSE 6 WOLFRETON DRIVE, ANLABY, HULL, HU10 7BY, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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
20% on cost
Motor vehicles
20% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Celebration Creations Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2023
9,810
32,590
42,400
Disposals
-
(32,590)
(32,590)
At 31 May 2024
9,810
37,640
47,450
At 1 June 2023
2,249
11,732
13,981
Charge for the year
1,833
7,528
9,361
On disposals
-
(11,732)
(11,732)
At 31 May 2024
4,082
7,528
11,610
At 31 May 2024
5,728
30,112
35,840
At 31 May 2023
7,561
20,858
28,419
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
30,112
20,858
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
65,989
66,674
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
18,136
23,295
Security of £18,136 (2023: £23295) has been given for creditors over one year.
The company is under the control of Mr R MacKay, a joint director and majority shareholder of the company, with no party having overall control.
Celebration Creations Limited
Notes to the Accounts
for the year ended 31 May 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).