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REGISTERED NUMBER: 07222371 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Create Identitee Limited

Create Identitee Limited (Registered number: 07222371)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Create Identitee Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs Y Haddow
Mr D S Rogers





REGISTERED OFFICE: 17-18 St James Centre
East Road
Harlow
Essex
CM20 2SX





REGISTERED NUMBER: 07222371 (England and Wales)





ACCOUNTANTS: R Dear Accountancy Services
4 Hawthorns
Riddings Lane
Harlow
Essex
CM18 7HT

Create Identitee Limited (Registered number: 07222371)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 149,431 119,184

CURRENT ASSETS
Stocks 96,508 89,775
Debtors 5 72,926 72,099
Cash at bank and in hand 16,154 50,062
185,588 211,936
CREDITORS
Amounts falling due within one year 6 225,856 166,377
NET CURRENT (LIABILITIES)/ASSETS (40,268 ) 45,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,163

164,743

CREDITORS
Amounts falling due after more than
one year

7

(17,975

)

(26,675

)

PROVISIONS FOR LIABILITIES 9 - (22,645 )
NET ASSETS 91,188 115,423

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 91,186 115,421
SHAREHOLDERS' FUNDS 91,188 115,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Create Identitee Limited (Registered number: 07222371)

Balance Sheet - continued
30 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





Mr D S Rogers - Director


Create Identitee Limited (Registered number: 07222371)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Create Identitee 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Create Identitee Limited (Registered number: 07222371)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

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 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 122,363 19,834 75,268 20,790 238,255
Additions 66,445 - - 1,060 67,505
Disposals (25,000 ) - - - (25,000 )
At 30 April 2024 163,808 19,834 75,268 21,850 280,760
DEPRECIATION
At 1 May 2023 68,105 12,506 19,362 19,098 119,071
Charge for year 7,842 1,099 13,977 1,290 24,208
Eliminated on disposal (11,950 ) - - - (11,950 )
At 30 April 2024 63,997 13,605 33,339 20,388 131,329
NET BOOK VALUE
At 30 April 2024 99,811 6,229 41,929 1,462 149,431
At 30 April 2023 54,258 7,328 55,906 1,692 119,184

Create Identitee Limited (Registered number: 07222371)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 54,268
DEPRECIATION
At 1 May 2023 2,261
Charge for year 13,002
At 30 April 2024 15,263
NET BOOK VALUE
At 30 April 2024 39,005
At 30 April 2023 52,007

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 24,026 20,322
Other debtors 48,900 51,777
72,926 72,099

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 8,700 8,700
Trade creditors 28,244 53,606
Taxation and social security 1,912 2,171
Other creditors 187,000 101,900
225,856 166,377

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 17,975 26,675

Create Identitee Limited (Registered number: 07222371)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 26,675 35,375

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax - 22,645

Deferred
tax
£   
Balance at 1 May 2023 22,645
Provided during year (22,645 )
Balance at 30 April 2024 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary £1 1 1
1 Ordinary A £1 1 1
2 2