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REGISTERED NUMBER: 08371200 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Creaton Construction Limited

Creaton Construction Limited (Registered number: 08371200)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Creaton Construction Limited

Company Information
for the year ended 31 January 2024







DIRECTORS: D M Hughes
A J Hughes



SECRETARY: Athos Business Solutions Limited



REGISTERED OFFICE: Manor Park Farm
Warwick Road
Solihull
West Midlands
B93 0ED



REGISTERED NUMBER: 08371200 (England and Wales)



AUDITORS: Derek Young & Co Accountants LLP
Statutory Auditors
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP



ACCOUNTANTS: Athos Business Solutions Limited
1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF

Creaton Construction Limited (Registered number: 08371200)

Abridged Balance Sheet
31 January 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 112,683 136,028

CURRENT ASSETS
Debtors 2,826,337 3,175,756
Cash at bank 232,540 563,358
3,058,877 3,739,114
CREDITORS
Amounts falling due within one year 1,598,809 2,178,828
NET CURRENT ASSETS 1,460,068 1,560,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,572,751

1,696,314

CREDITORS
Amounts falling due after more than one year (178,560 ) (227,500 )

PROVISIONS FOR LIABILITIES (28,171 ) (25,845 )
NET ASSETS 1,366,020 1,442,969

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 1,365,920 1,442,869
SHAREHOLDERS' FUNDS 1,366,020 1,442,969

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 October 2024 and were signed on its behalf by:





D M Hughes - Director


Creaton Construction Limited (Registered number: 08371200)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Creaton Construction 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less depreciation.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Loans
Interest on loans entered into on an arm's length basis is recognised in the profit and loss account in the period during which it accrued.

Creaton Construction Limited (Registered number: 08371200)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Revenue recognition
The company recognises revenue from contracts with customers based on the stage of completion, so revenue is matched with the contract costs incurred.

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 364,378
Additions 36,000
Disposals (85,689 )
At 31 January 2024 314,689
DEPRECIATION
At 1 February 2023 228,350
Charge for year 34,646
Eliminated on disposal (60,990 )
At 31 January 2024 202,006
NET BOOK VALUE
At 31 January 2024 112,683
At 31 January 2023 136,028

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 36,000
At 31 January 2024 36,000
DEPRECIATION
Charge for year 6,600
At 31 January 2024 6,600
NET BOOK VALUE
At 31 January 2024 29,400

Creaton Construction Limited (Registered number: 08371200)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

5. LOANS

An analysis of the maturity of loans is given below:

2024 2023
as restated
£    £   
Amounts falling due within one year or on demand:
Bank loans 70,000 70,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 70,000 70,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 87,500 157,500

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
100 Ordinary £1 100 100

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

The Report of the Auditors was unqualified.

Stephen Young BSc FCA (Senior Statutory Auditor)
for and on behalf of Derek Young & Co Accountants LLP

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Creaton Holdings Ltd.

Copies of the parent's consolidated financial statements can be obtained from Creaton Holdings Ltd, 1623 Warwick Road Knowle, Solihull, West Midlands, B93 9LF.

The company is jointly controlled by the directors, each holding 50% of the issued share capital of Creaton Holdings Ltd. There is no single ultimate controlling party.