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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
Page
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Celebration Creations Limited Company Information for the year ended 31 May 2024
Director
Mr R MacKay
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
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Celebration Creations Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,840 
28,419 
Current assets
Inventories
62,803 
63,035 
Debtors
5,174 
430 
Cash at bank and in hand
5,201 
1,892 
73,178 
65,357 
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)
Net assets
24,243 
3,207 
Capital and reserves
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
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Celebration Creations Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Leased assets
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
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.
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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 
Additions
- 
37,640 
37,640 
Disposals
- 
(32,590)
(32,590)
At 31 May 2024
9,810 
37,640 
47,450 
Depreciation
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 
Net book value
At 31 May 2024
5,728 
30,112 
35,840 
At 31 May 2023
7,561 
20,858 
28,419 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
30,112 
20,858 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
2,077 
- 
Other debtors
3,097 
430 
5,174 
430 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
65,989 
66,674 
Accruals
650 
600 
66,639 
67,274 
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.
8
Controlling party
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.
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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).
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