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REGISTERED NUMBER: 09442471 (England and Wales)












Forty2 Creative Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024






Forty2 Creative Limited (Registered number: 09442471)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Forty2 Creative Limited

Company Information
for the Year Ended 31 August 2024







Director: Mrs J Smith





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 09442471 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Forty2 Creative Limited (Registered number: 09442471)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 629 959

Current assets
Debtors 5 51,877 37,612
Cash at bank 10,171 11,229
62,048 48,841
Creditors
Amounts falling due within one year 6 60,417 47,499
Net current assets 1,631 1,342
Total assets less current liabilities 2,260 2,301

Capital and reserves
Called up share capital 7 2 2
Retained earnings 2,258 2,299
Shareholders' funds 2,260 2,301

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Forty2 Creative Limited (Registered number: 09442471)

Balance Sheet - continued
31 August 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 Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2024 and were signed by:





Mrs J Smith - Director


Forty2 Creative Limited (Registered number: 09442471)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. Statutory information

Forty2 Creative 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.
Computer equipment - 20% on cost

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.

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.

Forty2 Creative Limited (Registered number: 09442471)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 September 2023
and 31 August 2024 5,962
Depreciation
At 1 September 2023 5,003
Charge for year 330
At 31 August 2024 5,333
Net book value
At 31 August 2024 629
At 31 August 2023 959

5. Debtors: amounts falling due within one year
31.8.24 31.8.23
£    £   
Trade debtors 12,192 13,884
Directors' current accounts 29,761 17,831
Corporation tax recoverable 9,924 5,897
51,877 37,612

6. Creditors: amounts falling due within one year
31.8.24 31.8.23
£    £   
Corporation tax 47,854 35,047
Social security and other taxes 1,050 863
VAT 9,563 9,789
Accrued expenses 1,950 1,800
60,417 47,499

Forty2 Creative Limited (Registered number: 09442471)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 Ordinary £1 2 2

8. Ultimate controlling party

The company is controlled by the shareholders with no individual having overall control.