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Registration number: 12716281

CRE8TIVE PRODUCTIONS LTD

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 July 2024

 

CRE8TIVE PRODUCTIONS LTD

Contents

Company Information

1

Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

CRE8TIVE PRODUCTIONS LTD

Company Information

Directors

Mr Christopher Short

Mr Robin Benjamin Short

Mrs Ekaterina Short

Registered office

20 Beechnut Lane
Solihull
West Midlands
B91 2NN

Accountants

DAVID J EVANS LTD Radcliffe House
Blenheim Court
Warwick Road
Solihull
B91 2AA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
CRE8TIVE PRODUCTIONS LTD
for the Year Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CRE8TIVE PRODUCTIONS LTD for the year ended 31 July 2024 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of CRE8TIVE PRODUCTIONS LTD, as a body, in accordance with the terms of our engagement letter dated 17 July 2020. Our work has been undertaken solely to prepare for your approval the accounts of CRE8TIVE PRODUCTIONS LTD and state those matters that we have agreed to state to the Board of Directors of CRE8TIVE PRODUCTIONS LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CRE8TIVE PRODUCTIONS LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that CRE8TIVE PRODUCTIONS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CRE8TIVE PRODUCTIONS LTD. You consider that CRE8TIVE PRODUCTIONS LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of CRE8TIVE PRODUCTIONS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

DAVID J EVANS LTD
Radcliffe House
Blenheim Court
Warwick Road
Solihull
B91 2AA

7 March 2025

 

CRE8TIVE PRODUCTIONS LTD

(Registration number: 12716281)
Abridged Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

13,880

18,104

Current assets

 

Debtors

5

109,156

2,735

Cash at bank and in hand

 

561,325

333,764

 

670,481

336,499

Creditors: Amounts falling due within one year

(117,542)

(207,959)

Net current assets

 

552,939

128,540

Total assets less current liabilities

 

566,819

146,644

Accruals and deferred income

 

(307,431)

(68)

Net assets

 

259,388

146,576

Capital and reserves

 

Called up share capital

6

10

10

Retained earnings

259,378

146,566

Shareholders' funds

 

259,388

146,576

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 March 2025 and signed on its behalf by:
 

.........................................
Mr Christopher Short
Director

 

CRE8TIVE PRODUCTIONS LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
20 Beechnut Lane
Solihull
West Midlands
B91 2NN

These financial statements were authorised for issue by the Board on 7 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

CRE8TIVE PRODUCTIONS LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture & Fittings

straight line, 20%

Office equipment

straight line, 33.3%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

CRE8TIVE PRODUCTIONS LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

21,324

21,324

Additions

333

333

At 31 July 2024

21,657

21,657

Depreciation

At 1 August 2023

3,220

3,220

Charge for the year

4,557

4,557

At 31 July 2024

7,777

7,777

Carrying amount

At 31 July 2024

13,880

13,880

At 31 July 2023

18,104

18,104

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £0.10 each

50

5

50

5

Ordinary B shares of £0.10 each

50

5

50

5

100

10

100

10