IRIS Accounts Production v24.3.0.553 07168944 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071689442023-02-28071689442024-02-29071689442023-03-012024-02-29071689442022-02-28071689442022-03-012023-02-28071689442023-02-2807168944ns15:EnglandWales2023-03-012024-02-2907168944ns14:PoundSterling2023-03-012024-02-2907168944ns10:Director12023-03-012024-02-2907168944ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2907168944ns10:SmallEntities2023-03-012024-02-2907168944ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2907168944ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2907168944ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2907168944ns10:FullAccounts2023-03-012024-02-2907168944ns10:Director22023-03-012024-02-2907168944ns10:RegisteredOffice2023-03-012024-02-2907168944ns5:CurrentFinancialInstruments2024-02-2907168944ns5:CurrentFinancialInstruments2023-02-2807168944ns5:Non-currentFinancialInstruments2024-02-2907168944ns5:Non-currentFinancialInstruments2023-02-2807168944ns5:ShareCapital2024-02-2907168944ns5:ShareCapital2023-02-2807168944ns5:RetainedEarningsAccumulatedLosses2024-02-2907168944ns5:RetainedEarningsAccumulatedLosses2023-02-2807168944ns5:PlantMachinery2023-03-012024-02-2907168944ns5:PlantMachinery2023-02-2807168944ns5:PlantMachinery2024-02-2907168944ns5:PlantMachinery2023-02-2807168944ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2907168944ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28071689441ns10:Director12023-02-28071689441ns10:Director12022-02-28071689441ns10:Director12023-03-012024-02-29071689441ns10:Director12022-03-012023-02-28071689441ns10:Director12024-02-29071689441ns10:Director12023-02-2807168944ns10:Director222023-02-2807168944ns10:Director222022-02-2807168944ns10:Director222023-03-012024-02-2907168944ns10:Director222022-03-012023-02-2807168944ns10:Director222024-02-2907168944ns10:Director222023-02-28
REGISTERED NUMBER: 07168944 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

05Creative Limited

05Creative Limited (Registered number: 07168944)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


05Creative Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: C S James
Mrs S L James





REGISTERED OFFICE: The Werks
45 Church Road
Hove
BN3 2BE





REGISTERED NUMBER: 07168944 (England and Wales)





ACCOUNTANTS: Style Accountants Limited
Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN

05Creative Limited (Registered number: 07168944)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70 364

CURRENT ASSETS
Stocks - 10,000
Debtors 5 109,257 111,287
Cash at bank 1,005 2,004
110,262 123,291
CREDITORS
Amounts falling due within one year 6 129,465 86,231
NET CURRENT (LIABILITIES)/ASSETS (19,203 ) 37,060
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,133

)

37,424

CREDITORS
Amounts falling due after more than one
year

7

38,221

44,177
NET LIABILITIES (57,354 ) (6,753 )

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings (57,414 ) (6,813 )
SHAREHOLDERS' FUNDS (57,354 ) (6,753 )

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

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

05Creative Limited (Registered number: 07168944)

Balance Sheet - continued
29 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 Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





Mrs S L James - Director


05Creative Limited (Registered number: 07168944)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

05Creative 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.
Plant and machinery etc - 33% on cost

Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.

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 6 (2023 - 6 ) .

05Creative Limited (Registered number: 07168944)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 17,330
DEPRECIATION
At 1 March 2023 16,966
Charge for year 294
At 29 February 2024 17,260
NET BOOK VALUE
At 29 February 2024 70
At 28 February 2023 364

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 9,150 4,516
Other debtors 100,107 106,771
109,257 111,287

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 13,487 14,446
Trade creditors 4,306 10,974
Taxation and social security 87,102 26,676
Other creditors 24,570 34,135
129,465 86,231

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 38,221 44,177

05Creative Limited (Registered number: 07168944)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Mrs S L James
Balance outstanding at start of year 9,931 9,931
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,931 9,931

C S James
Balance outstanding at start of year 72,927 49,279
Amounts advanced - 23,648
Amounts repaid (5,369 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 67,558 72,927