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REGISTERED NUMBER: 08874366 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

CREO COMMUNICATIONS LIMITED

CREO COMMUNICATIONS LIMITED (REGISTERED NUMBER: 08874366)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CREO COMMUNICATIONS LIMITED

COMPANY INFORMATION
For The Year Ended 29th February 2024







DIRECTOR: Mrs L A Bradford





REGISTERED OFFICE: 8 Foyle Street
Sunderland
SR1 1LB





REGISTERED NUMBER: 08874366 (England and Wales)





ACCOUNTANTS: Stafford Accountancy
The Yard Suite 2.2
Gill Bridge Avenue
Sunderland
Tyne and Wear
SR1 3AW

CREO COMMUNICATIONS LIMITED (REGISTERED NUMBER: 08874366)

BALANCE SHEET
29th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,647 59,352

CURRENT ASSETS
Debtors 5 159,829 265,209
Cash at bank 496,715 359,334
656,544 624,543
CREDITORS
Amounts falling due within one year 6 109,590 125,826
NET CURRENT ASSETS 546,954 498,717
TOTAL ASSETS LESS CURRENT
LIABILITIES

598,601

558,069

PROVISIONS FOR LIABILITIES 8,346 10,272
NET ASSETS 590,255 547,797

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 590,155 547,697
SHAREHOLDERS' FUNDS 590,255 547,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

CREO COMMUNICATIONS LIMITED (REGISTERED NUMBER: 08874366)

BALANCE SHEET - continued
29th February 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 27th November 2024 and were signed by:





Mrs L A Bradford - Director


CREO COMMUNICATIONS LIMITED (REGISTERED NUMBER: 08874366)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 29th February 2024

1. STATUTORY INFORMATION

Creo Communications 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 comprises the fair value of the consideration received or receivable for the provision of
services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts. The company recognises revenue when:

The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - at varying rates 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.

CREO COMMUNICATIONS LIMITED (REGISTERED NUMBER: 08874366)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29th February 2024

2. ACCOUNTING POLICIES - continued

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 13 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1st March 2023 28,938 39,011 35,722 103,671
Additions - 6,402 - 6,402
At 29th February 2024 28,938 45,413 35,722 110,073
DEPRECIATION
At 1st March 2023 4,430 14,130 25,759 44,319
Charge for year 865 8,620 4,622 14,107
At 29th February 2024 5,295 22,750 30,381 58,426
NET BOOK VALUE
At 29th February 2024 23,643 22,663 5,341 51,647
At 28th February 2023 24,508 24,881 9,963 59,352

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 115,465 258,319
Other debtors - 1,038
Prepayments 44,364 5,852
159,829 265,209

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,280 2,854
Tax 34,844 56,104
Social security and other taxes 7,748 6,185
VAT 36,813 41,547
Other creditors 14,745 4,260
Accrued expenses 11,160 14,876
109,590 125,826

CREO COMMUNICATIONS LIMITED (REGISTERED NUMBER: 08874366)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29th February 2024

7. CALLED UP SHARE CAPITAL

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

8. OTHER FINANCIAL COMMITMENTS

Other financial commitments as at 29 February 2024 amounted to £2,144 (2023: £4,287).