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REGISTERED NUMBER: 06620465 (England and Wales)




















Financial Statements

for the Year Ended 30 April 2024

for

Creativ Company (UK) Ltd

Creativ Company (UK) Ltd (Registered number: 06620465)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Creativ Company (UK) Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M Pratt
J W Moeskjaer
C H Nielsen





SECRETARY: G M Pearce





REGISTERED OFFICE: Unit 2
Pine Court
Kembrey Park
Swindon
Wiltshire
SN2 8AD





REGISTERED NUMBER: 06620465 (England and Wales)

Creativ Company (UK) Ltd (Registered number: 06620465)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 3,567 6,571
3,567 6,571

CURRENT ASSETS
Debtors 7 468,369 537,058
Cash at bank 49,459 84,300
517,828 621,358
CREDITORS
Amounts falling due within one year 8 201,650 355,710
NET CURRENT ASSETS 316,178 265,648
TOTAL ASSETS LESS CURRENT
LIABILITIES

319,745

272,219

CREDITORS
Amounts falling due after more than one
year

9

(29,935

)

(29,935

)

PROVISIONS FOR LIABILITIES (1,248 ) (1,248 )
NET ASSETS 288,562 241,036

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 287,562 240,036
SHAREHOLDERS' FUNDS 288,562 241,036

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 17 January 2025 and were signed on its behalf by:




M Pratt - Director J W Moeskjaer - Director




C H Nielsen - Director


Creativ Company (UK) Ltd (Registered number: 06620465)

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

1. STATUTORY INFORMATION

Creativ Company (UK) Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Computer software
Computer software costs are amortised over their useful economic lives of 5 years as estimated by management.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings- 20% on straight line basis
Computer equipment- 33% on straight line basis

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in profit or loss.

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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Creativ Company (UK) Ltd (Registered number: 06620465)

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

3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
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.

Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

5. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 May 2023
and 30 April 2024 15,147
AMORTISATION
At 1 May 2023
and 30 April 2024 15,147
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 29,090 45,279 74,369
Additions 489 - 489
At 30 April 2024 29,579 45,279 74,858
DEPRECIATION
At 1 May 2023 25,022 42,776 67,798
Charge for year 990 2,503 3,493
At 30 April 2024 26,012 45,279 71,291
NET BOOK VALUE
At 30 April 2024 3,567 - 3,567
At 30 April 2023 4,068 2,503 6,571

Creativ Company (UK) Ltd (Registered number: 06620465)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 399,551 531,135
Amounts owed by group undertakings 62,095 -
Other debtors 624 600
Prepayments and accrued income 6,099 5,323
468,369 537,058

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,161 2,847
Amounts owed to group undertakings - 161,659
Tax 17,179 8,463
Social security and other taxes 92,355 77,294
Other creditors 78,012 86,382
Accrued expenses 8,943 19,065
201,650 355,710

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Inter-company loan 29,935 29,935

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Iain Black (Senior Statutory Auditor)
for and on behalf of Sumer Auditco Limited

11. GUARANTEES CONTINGENCIES AND OTHER FINANCIAL COMMITMENTS

The company held total commitments under operating leases at year end of £35,750 (2023 - £52,250)

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
M Pratt
Balance outstanding at start of year - 262
Amounts advanced - 254
Amounts repaid - (516 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.