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REGISTERED NUMBER: 13861604 (England and Wales)















CRE8 A SPACE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






CRE8 A SPACE LTD (REGISTERED NUMBER: 13861604)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CRE8 A SPACE LTD

COMPANY INFORMATION
For The Year Ended 31 JANUARY 2024







DIRECTOR: P J Mcginn





REGISTERED OFFICE: 8 Church Green East
Redditch
Worcestershire
B98 8BP





REGISTERED NUMBER: 13861604 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

CRE8 A SPACE LTD (REGISTERED NUMBER: 13861604)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,459 26,415

CURRENT ASSETS
Debtors 5 17,938 20,000
Cash at bank and in hand 14,025 18,125
31,963 38,125
CREDITORS
Amounts falling due within one year 6 44,932 44,817
NET CURRENT LIABILITIES (12,969 ) (6,692 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,490

19,723

CREDITORS
Amounts falling due after more than one
year

7

3,333

6,677
NET ASSETS 4,157 13,046

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,057 12,946
SHAREHOLDERS' FUNDS 4,157 13,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 22 October 2024 and were signed by:





P J Mcginn - Director


CRE8 A SPACE LTD (REGISTERED NUMBER: 13861604)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 JANUARY 2024


1. STATUTORY INFORMATION

CRE8 A Space Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% Straight line, 25% on reducing balance and 20% on reducing balance

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 27,191
Additions 812
At 31 January 2024 28,003
DEPRECIATION
At 1 February 2023 776
Charge for year 6,768
At 31 January 2024 7,544
NET BOOK VALUE
At 31 January 2024 20,459
At 31 January 2023 26,415

CRE8 A SPACE LTD (REGISTERED NUMBER: 13861604)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 24,500
DEPRECIATION
At 1 February 2023 510
Charge for year 5,998
At 31 January 2024 6,508
NET BOOK VALUE
At 31 January 2024 17,992
At 31 January 2023 23,990

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 17,618 20,000
Other debtors 320 -
17,938 20,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 3,333 3,433
Trade creditors 36,749 16,338
Taxation and social security 2,556 5,481
Other creditors 2,294 19,565
44,932 44,817

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 3,333 6,677