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REGISTERED NUMBER: 06647493 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

B.CREATIVE UK LIMITED

B.CREATIVE UK LIMITED (REGISTERED NUMBER: 06647493)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


B.CREATIVE UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







Directors: Mr T Gill
Mrs. C A Gill





Registered office: Flat 312
4 Cutter Lane
London
SE10 0YY





Registered number: 06647493 (England and Wales)





Accountants: TC Group
10 Stadium Business Court
Millennium Way
Pride Park
Derby
Derbyshire
DE24 8HP

B.CREATIVE UK LIMITED (REGISTERED NUMBER: 06647493)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 16,183 7,592

Current assets
Debtors 5 73,723 109,200
Cash at bank 6,072 297
79,795 109,497
Creditors
Amounts falling due within one year 6 (28,902 ) (39,325 )
Net current assets 50,893 70,172
Total assets less current liabilities 67,076 77,764

Creditors
Amounts falling due after more than one
year

7

(4,000

)

(9,088

)
Net assets 63,076 68,676

Capital and reserves
Called up share capital 8 2 2
Retained earnings 63,074 68,674
Shareholders' funds 63,076 68,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 13 April 2025 and were signed on its behalf by:





Mr T Gill - Director


B.CREATIVE UK LIMITED (REGISTERED NUMBER: 06647493)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

B.Creative UK Limited 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Equipment - 15% on cost

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.

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 2 (2023 - 1 ) .

B.CREATIVE UK LIMITED (REGISTERED NUMBER: 06647493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Equipment
£
Cost
At 1 August 2023 13,659
Additions 11,615
Disposals (4,176 )
At 31 July 2024 21,098
Depreciation
At 1 August 2023 6,067
Charge for year 3,024
Eliminated on disposal (4,176 )
At 31 July 2024 4,915
Net book value
At 31 July 2024 16,183
At 31 July 2023 7,592

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 26,212 23,364
Other debtors 2,035 1,566
Directors' loan accounts 45,028 84,201
Prepayments and accrued income 448 69
73,723 109,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 4,800 10,928
Tax 17,012 20,564
Social security and other taxes 694 247
VAT 3,220 2,331
Other creditors 271 3,295
Accruals and deferred income 2,905 1,960
28,902 39,325

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans - 1-2 years 4,000 4,800
Bank loans - 2-5 years - 4,288
4,000 9,088

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary £1 2 2

B.CREATIVE UK LIMITED (REGISTERED NUMBER: 06647493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£ £
Mr T Gill and Mrs. C A Gill
Balance outstanding at start of year 84,200 34,316
Amounts advanced 64,329 93,718
Amounts repaid (103,501 ) (43,834 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,028 84,200

All balances outstanding will be cleared within nine months of the year end.

It is company policy to charge interest on all overdrawn loan accounts at the HMRC official rate of interest. The amount charged during the period end in respect of the above loan was £2,035 (2023 - £1,566) and is included in other debtors.