CREATE ACADEMY LTD

Company Registration Number:
11392825 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

CREATE ACADEMY LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

CREATE ACADEMY LTD

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 1,124,260 1,030,778
Tangible assets: 4 49,187 65,290
Total fixed assets: 1,173,447 1,096,068
Current assets
Debtors:   217,314 267,275
Cash at bank and in hand: 248,530 725,548
Total current assets: 465,844 992,823
Creditors: amounts falling due within one year:   (270,372) (242,296)
Net current assets (liabilities): 195,472 750,527
Total assets less current liabilities: 1,368,919 1,846,595
Creditors: amounts falling due after more than one year:   (520,043) (530,214)
Total net assets (liabilities): 848,876 1,316,381
Capital and reserves
Called up share capital: 1,792 1,792
Share premium account: 2,051,455 2,051,455
Other reserves: 370 370
Profit and loss account: (1,204,741) (737,236)
Shareholders funds: 848,876 1,316,381

The notes form part of these financial statements

CREATE ACADEMY LTD

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 March 2025
and signed on behalf of the board by:

Name: W Daunt
Status: Director

The notes form part of these financial statements

CREATE ACADEMY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CREATE ACADEMY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 12 13

CREATE ACADEMY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Intangible Assets

Total
Cost £
At 01 July 2023 1,352,720
Additions 339,681
At 30 June 2024 1,692,401
Amortisation
At 01 July 2023 321,942
Charge for year 246,199
At 30 June 2024 568,141
Net book value
At 30 June 2024 1,124,260
At 30 June 2023 1,030,778

CREATE ACADEMY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible Assets

Total
Cost £
At 01 July 2023 107,993
Additions 1,166
At 30 June 2024 109,159
Depreciation
At 01 July 2023 42,703
Charge for year 17,269
At 30 June 2024 59,972
Net book value
At 30 June 2024 49,187
At 30 June 2023 65,290