Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Mr J D Allaway 25/10/2024 06/02/2017 Mr J Dewdney 26/10/2017 Mr A S F Powe 06/02/2017 06 January 2025 The principal activity of the company during the financial year was that of the provision of architectural services. 10603536 2024-07-31 10603536 bus:Director1 2024-07-31 10603536 bus:Director2 2024-07-31 10603536 bus:Director3 2024-07-31 10603536 2023-07-31 10603536 core:CurrentFinancialInstruments 2024-07-31 10603536 core:CurrentFinancialInstruments 2023-07-31 10603536 core:ShareCapital 2024-07-31 10603536 core:ShareCapital 2023-07-31 10603536 core:RetainedEarningsAccumulatedLosses 2024-07-31 10603536 core:RetainedEarningsAccumulatedLosses 2023-07-31 10603536 core:OfficeEquipment 2023-07-31 10603536 core:ComputerEquipment 2023-07-31 10603536 core:OfficeEquipment 2024-07-31 10603536 core:ComputerEquipment 2024-07-31 10603536 bus:OrdinaryShareClass1 2024-07-31 10603536 core:WithinOneYear 2024-07-31 10603536 core:WithinOneYear 2023-07-31 10603536 core:BetweenOneFiveYears 2024-07-31 10603536 core:BetweenOneFiveYears 2023-07-31 10603536 2023-08-01 2024-07-31 10603536 bus:FilletedAccounts 2023-08-01 2024-07-31 10603536 bus:SmallEntities 2023-08-01 2024-07-31 10603536 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 10603536 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10603536 bus:Director1 2023-08-01 2024-07-31 10603536 bus:Director2 2023-08-01 2024-07-31 10603536 bus:Director3 2023-08-01 2024-07-31 10603536 core:OfficeEquipment 2023-08-01 2024-07-31 10603536 core:ComputerEquipment core:TopRangeValue 2023-08-01 2024-07-31 10603536 2022-08-01 2023-07-31 10603536 core:ComputerEquipment 2023-08-01 2024-07-31 10603536 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 10603536 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10603536 (England and Wales)

CO CREATE LTD

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

CO CREATE LTD

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

CO CREATE LTD

BALANCE SHEET

As at 31 July 2024
CO CREATE LTD

BALANCE SHEET (continued)

As at 31 July 2024
Note 31.07.2024 31.07.2023
£ £
Fixed assets
Tangible assets 3 16,982 20,600
16,982 20,600
Current assets
Debtors 4 58,214 69,493
Cash at bank and in hand 175,518 93,507
233,732 163,000
Creditors: amounts falling due within one year 5 ( 51,631) ( 41,730)
Net current assets 182,101 121,270
Total assets less current liabilities 199,083 141,870
Provision for liabilities ( 4,246) ( 5,150)
Net assets 194,837 136,720
Capital and reserves
Called-up share capital 6 454 454
Profit and loss account 194,383 136,266
Total shareholders' funds 194,837 136,720

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Co Create Ltd (registered number: 10603536) were approved and authorised for issue by the Board of Directors on 06 January 2025. They were signed on its behalf by:

Mr J Dewdney
Director
CO CREATE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
CO CREATE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Co Create Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Basepoint Yeoford Way, Marsh Barton Trading Estate, Exeter, EX2 8LB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/ reducing balance basis over its expected useful life, as follows:

Office equipment 20 % reducing balance
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

31.07.2024 31.07.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 12 10

3. Tangible assets

Office equipment Computer equipment Total
£ £ £
Cost
At 01 August 2023 15,132 15,299 30,431
Additions 1,582 2,967 4,549
Disposals ( 3,420) 0 ( 3,420)
At 31 July 2024 13,294 18,266 31,560
Accumulated depreciation
At 01 August 2023 2,847 6,984 9,831
Charge for the financial year 2,389 3,608 5,997
Disposals ( 1,250) 0 ( 1,250)
At 31 July 2024 3,986 10,592 14,578
Net book value
At 31 July 2024 9,308 7,674 16,982
At 31 July 2023 12,285 8,315 20,600

4. Debtors

31.07.2024 31.07.2023
£ £
Trade debtors 47,639 56,811
Other debtors 10,575 12,682
58,214 69,493

5. Creditors: amounts falling due within one year

31.07.2024 31.07.2023
£ £
Trade creditors 3,075 1,955
Corporation tax 28,046 20,002
Other taxation and social security 18,820 18,681
Other creditors 1,690 1,092
51,631 41,730

6. Called-up share capital

31.07.2024 31.07.2023
£ £
Allotted, called-up and fully-paid
454 Ordinary shares of £ 1.00 each 454 454

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

31.07.2024 31.07.2023
£ £
within one year 16,988 11,472
between one and five years 7,491 0
24,479 11,472