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REGISTERED NUMBER: SC287546 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Cre8 Building And Maintenance Limited

Cre8 Building And Maintenance Limited (Registered number: SC287546)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Cre8 Building And Maintenance Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr Steven Murray





SECRETARY: Mrs Isobel Murray





REGISTERED OFFICE: Unit 14
Howard Court
Nerston Industrial Estate
East Kilbride
G74 4QZ





REGISTERED NUMBER: SC287546 (Scotland)





ACCOUNTANTS: Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG

Cre8 Building And Maintenance Limited (Registered number: SC287546)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,479 59,309

CURRENT ASSETS
Stocks 3,000 3,500
Debtors 5 247,376 205,516
Cash at bank and in hand 650,290 513,861
900,666 722,877
CREDITORS
Amounts falling due within one year 6 261,184 106,588
NET CURRENT ASSETS 639,482 616,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

701,961

675,598

CREDITORS
Amounts falling due after more than one
year

7

(27,481

)

(31,455

)

PROVISIONS FOR LIABILITIES (6,719 ) (2,724 )
NET ASSETS 667,761 641,419

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 9,900 9,900
Retained earnings 657,761 631,419
SHAREHOLDERS' FUNDS 667,761 641,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Cre8 Building And Maintenance Limited (Registered number: SC287546)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 September 2024 and were signed by:





Mr Steven Murray - Director


Cre8 Building And Maintenance Limited (Registered number: SC287546)

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

1. STATUTORY INFORMATION

Cre8 Building And Maintenance Limited is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cre8 Building And Maintenance Limited (Registered number: SC287546)

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

2. ACCOUNTING POLICIES - continued

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 NIL (2023 - 11 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 179,360
Additions 32,789
At 30 June 2024 212,149
DEPRECIATION
At 1 July 2023 120,051
Charge for year 29,619
At 30 June 2024 149,670
NET BOOK VALUE
At 30 June 2024 62,479
At 30 June 2023 59,309

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 43,499
DEPRECIATION
At 1 July 2023 10,875
Charge for year 10,875
At 30 June 2024 21,750
NET BOOK VALUE
At 30 June 2024 21,749
At 30 June 2023 32,624

Cre8 Building And Maintenance Limited (Registered number: SC287546)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 234,854 191,752
Other debtors 12,522 13,764
247,376 205,516

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 3,973 3,973
Trade creditors 120,636 60,361
Taxation and social security 132,103 37,771
Other creditors 4,472 4,483
261,184 106,588

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 27,481 31,455

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 31,454 35,428

Hire purchase creditors are secured against the assets to which they relate.

Cre8 Building And Maintenance Limited

Report of the Accountants to the Director of
Cre8 Building And Maintenance Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG


Date: .............................................