Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30672023-05-01falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08416238 2023-05-01 2024-04-30 08416238 2022-05-01 2023-04-30 08416238 2024-04-30 08416238 2023-04-30 08416238 c:Director2 2023-05-01 2024-04-30 08416238 d:Buildings d:LongLeaseholdAssets 2023-05-01 2024-04-30 08416238 d:Buildings d:LongLeaseholdAssets 2024-04-30 08416238 d:Buildings d:LongLeaseholdAssets 2023-04-30 08416238 d:PlantMachinery 2023-05-01 2024-04-30 08416238 d:PlantMachinery 2024-04-30 08416238 d:PlantMachinery 2023-04-30 08416238 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08416238 d:FurnitureFittings 2023-05-01 2024-04-30 08416238 d:ComputerEquipment 2023-05-01 2024-04-30 08416238 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08416238 d:ComputerSoftware 2024-04-30 08416238 d:ComputerSoftware 2023-04-30 08416238 d:CurrentFinancialInstruments 2024-04-30 08416238 d:CurrentFinancialInstruments 2023-04-30 08416238 d:Non-currentFinancialInstruments 2024-04-30 08416238 d:Non-currentFinancialInstruments 2023-04-30 08416238 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08416238 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08416238 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 08416238 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 08416238 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 08416238 d:ShareCapital 2024-04-30 08416238 d:ShareCapital 2023-04-30 08416238 d:RetainedEarningsAccumulatedLosses 2024-04-30 08416238 d:RetainedEarningsAccumulatedLosses 2023-04-30 08416238 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 08416238 c:OrdinaryShareClass1 2023-05-01 2024-04-30 08416238 c:OrdinaryShareClass1 2024-04-30 08416238 c:OrdinaryShareClass1 2023-04-30 08416238 c:OrdinaryShareClass2 2023-05-01 2024-04-30 08416238 c:OrdinaryShareClass2 2024-04-30 08416238 c:OrdinaryShareClass2 2023-04-30 08416238 c:OrdinaryShareClass3 2023-05-01 2024-04-30 08416238 c:OrdinaryShareClass3 2024-04-30 08416238 c:OrdinaryShareClass3 2023-04-30 08416238 c:FRS102 2023-05-01 2024-04-30 08416238 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08416238 c:FullAccounts 2023-05-01 2024-04-30 08416238 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08416238 d:WithinOneYear 2024-04-30 08416238 d:WithinOneYear 2023-04-30 08416238 d:BetweenOneFiveYears 2024-04-30 08416238 d:BetweenOneFiveYears 2023-04-30 08416238 d:ComputerSoftware d:OwnedIntangibleAssets 2023-05-01 2024-04-30 08416238 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08416238










CREAT3D LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
CREAT3D LIMITED
REGISTERED NUMBER: 08416238

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible Assets
 4 
17,540
22,100

Tangible assets
 5 
138,633
138,825

  
156,173
160,925

Current assets
  

Stocks
 6 
261,986
250,907

Debtors
 7 
545,019
602,449

Cash at bank and in hand
  
33,453
45,519

  
840,458
898,875

Current liabilities
  

Creditors: amounts falling due within one year
 8 
(777,234)
(909,804)

Net current assets/(liabilities)
  
 
 
63,224
 
 
(10,929)

Total assets less current liabilities
  
219,397
149,996

Creditors: amounts falling due after more than one year
 9 
(116,007)
(63,527)

Provisions for liabilities
  

Deferred tax
 11 
(33,279)
(33,327)

Net assets
  
 
 
70,111
 
 
53,142


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
70,011
53,042

  
70,111
53,142


Page 1

 
CREAT3D LIMITED
REGISTERED NUMBER: 08416238

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S J Chandler
Director

Date: 28 February 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
CREAT3D LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Creat3D Limited is a private company limited by share capital and incorporated in England and Wales. 
The company's registered office and principal place of business is 14 Blakes Cottages, Forbury Road, Reading, Berkshire, RG1 3JA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable for services during the year, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
CREAT3D LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
CREAT3D LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
not depreciated
Plant and machinery
-
Reducing balance
Fixtures and fittings
-
25%
Reducing balance
Computer equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
CREAT3D LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 6).

Page 6

 
CREAT3D LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets



Computer software

£



Cost


At 1 May 2023
24,726



At 30 April 2024

24,726



Amortisation


At 1 May 2023
2,626


Charge for the year on owned assets
4,560



At 30 April 2024

7,186



Net book value



At 30 April 2024
17,540




5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 May 2023
5,519
197,472
202,991


Additions
-
36,743
36,743



At 30 April 2024

5,519
234,215
239,734



Depreciation


At 1 May 2023
-
64,166
64,166


Charge for the year on owned assets
-
36,935
36,935



At 30 April 2024

-
101,101
101,101



Net book value



At 30 April 2024
5,519
133,114
138,633

Page 7

 
CREAT3D LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
261,986
250,907

261,986
250,907



7.


Debtors

2024
2023
£
£


Trade debtors
286,652
530,029

Other debtors
258,367
72,420

545,019
602,449



8.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
179,890
97,718

Trade creditors
182,032
553,958

Corporation tax
1,603
-

Other taxation and social security
45,359
103,214

Other creditors
368,350
154,914

777,234
909,804



9.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
116,007
63,527

116,007
63,527


Page 8

 
CREAT3D LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
£

Amounts falling due within one year

Bank loans
179,890


179,890

Amounts falling due 1-2 years

Bank loans
116,007


295,897



11.


Deferred taxation



2024


£






At beginning of year
(33,327)


Charged to profit or loss
48



At end of year
(33,279)

The provision for deferred taxation is made up as follows:

2024
£


Accelerated capital allowances
(33,279)

(33,279)

Page 9

 
CREAT3D LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



34 (2023 - 34) A Ordinary shares shares of £1.00 each
34
34
33 (2023 - 33) B Ordinary shares shares of £1.00 each
33
33
33 (2023 - 33) C Ordinary shares shares of £1.00 each
33
33

100

100

All shares rank pari passu with each other, however the directors have the authority to pay differing rates of dividends on each class of share.



13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £5,956 (2023: £5,770).
Contributions totalling £63 (2023: £933) were payable to the fund at the balance sheet date and are included in creditors.


14.


Commitments under operating leases

At 30 April 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
79,580
72,948

Later than 1 year and not later than 5 years
29,527
-

109,107
72,948


15.


Related party transactions

At the balance sheet date the directors were owed £17,616 (2023: £9,692).


Page 10