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Creavit (UK) Limited
 
 
Company Registration Number
05506618
 
 
Report of the Directors and
Abridged Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/08/2023
 
End date 31/07/2024
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
Creavit (UK) Limited
 
Contents of the Financial Statements
for the Period Ended 31 July 2024
 
 
Page
Company Information 3
 
Report of the Accountants 4
 
Abridged Balance Sheet 5 - 6
 
Notes to the Financial Statements 7 - 10
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
Creavit (UK) Limited
Company Information
for the Period Ended 31 July 2024
 
Directors Adnan Kurdik
Hakan Canakci
 
 
Registered office Ground Floor
22 Abbey Road
London
NW10 7RE
 
Company Registration Number 05506618
 
Accountants Name Gench & Company
Address 3 Jarvis Close
Barking
Essex
IG11 7PZ
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
Creavit (UK) Limited
 
Accountants' Report
for the Period Ended 31 July 2024
 
Independent accountants' report
 
Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod 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 the company for the period ended 31 July 2024 as set out on pages 3 to 10 which comprise of the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the
accounts of the company and state those matters that we have agreed to state to the Board of Directors
of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company and its Board of Directors as a body for our
work or for this report.
 
It is your duty to ensure the company 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/(loss) of
the company. You consider the company is exempt from the statutory audit requirement for the
period.
We have not been instructed to carry out an audit of the financial statements. 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 financial
statements.
 
 
 
 
 
 
 
Gench & Company
3 Jarvis Close
Barking
Essex
IG11 7PZ
 
Date 2025-04-21
Page 4
Creavit (UK) Limited
Balance Sheet
for the Period Ended 31 July 2024
Company registration number 05506618
2024 2,023
Notes £ £
Fixed assets
Tangible fixed assets 2 56 56
_______ _______
Total fixed assets 56 56
Current assets
Stocks 3 1,185,403 932,148
Debtors 4 74,423 10,000
Cash at bank and in hand 420,200 403,117
_______ _______
Total current assets/(liabilities) 1,680,026 1,345,265
Creditors
Creditors - amounts falling
due within one year 5 1,615,695 1,278,589
_______ _______
Net current assets 64,331 66,676
_______ _______
Total assets less current liabilities 64,387 66,732
_______ _______
Creditors - amounts falling
due after more than one year 6 19,408 29,322
_______ _______
Long term creditors 19,408 29,322
_____ _____
Net assets/(liabilities) 44,979 37,410
Capital and reserves
Called up share capital 7 100 100
Profit and loss account 8 44,879 37,310
_____ _____
Total shareholders funds 44,979 37,410
 
 
 
 
 
 
 
Page 5
Creavit (UK) Limited
 
Balance Sheet
for the Period Ended 31 July 2024
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The option not to file the profit and loss account has been taken.
 
For the year ending 31 July 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 members have agreed to the preparation of abridged accounts.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2025-04-21
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Adnan Kurdik
Status Director
 
The notes form part of these financial statements
Average number of employees during period 3
 
 
 
 
 
 
 
Page 6
Creavit (UK) Limited
Notes to the Financial Statements
for the Period Ended 31 July 2024
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Going Concern
The company has a deficit on shareholders' funds and relies upon the support of its shareholders and creditors,which has been confirmed for a period of at least twelve months from the approval of the financial statements.Accordingly the directors have prepared the financial statements on the going concern basis.
Tangible fixed assets Depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings 0
Office equipment 0
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 7
Creavit (UK) Limited
Notes to the Financial Statements
for the Period Ended 31 July 2024
2. Tangible fixed assets
Fixtures Total
and fittings
Cost £ £
At 1 August 2023 814 814
___ ___
At 31 July 2024 814 814
Depreciation
At 1 August 2023 758 758
___ ___
At 31 July 2024 758 758
Net book value
At 31 July 2024 56 56
At 31 July 2023 56 56
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 8
Creavit (UK) Limited
Notes to the Financial Statements
for the Period Ended 31 July 2024
3. Stocks 2024 2,023
Finished goods 1,185,403 932,148
Total 1,185,403 932,148
4. Debtors 2024 2,023
Trade debtors 74,423 10,000
_____ _____
Total 74,423 10,000
5. Creditors amounts falling due within one year 2024 2,023
Trade creditors 1,598,362 1,250,310
Corporation tax 1,743 1,443
Other taxation and social security 14,790 16,136
Accruals and deferred income 800 700
Other creditors 10,000
_______ _______
Total 1,615,695 1,278,589
6. Creditors amounts falling due after more than one year 2024 2,023
Bank loans 19,408 29,322
_____ _____
Total 19,408 29,322
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
Creavit (UK) Limited
Notes to the Financial Statements
for the Period Ended 31 July 2024
7. Share capital 2024 2,023
Authorised type Par value £ £
Ordinary shares 1 100 100
___ ___
Total 100 100
Allotted, called up and paid £ £
Ordianry shares 100 100
___ ___
Total 100 100
8. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 August 2023 37,310
Profit/(Loss) for year 7,569
Dividends paid
_____
Retained Profit/(Loss) at 31 July 2024 44,879
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10