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Registered number: 11874751
Paw Creatives Ltd
Financial Statements
For The Year Ended 31 March 2025
The PHLT Group
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11874751
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,327 988
1,327 988
CURRENT ASSETS
Debtors 5 4,380 6,771
Cash at bank and in hand 105,363 134,032
109,743 140,803
Creditors: Amounts Falling Due Within One Year 6 (24,719 ) (49,476 )
NET CURRENT ASSETS (LIABILITIES) 85,024 91,327
TOTAL ASSETS LESS CURRENT LIABILITIES 86,351 92,315
NET ASSETS 86,351 92,315
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 86,251 92,215
SHAREHOLDERS' FUNDS 86,351 92,315
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Patricia Williams
Director
30/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Paw Creatives Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11874751 . The registered office is A002 Lighthouse Studios, 73-75 Shacklewell Lane, E8 2EB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is immaterial therefore no provision has been made.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 3,803
Additions 1,249
As at 31 March 2025 5,052
Depreciation
As at 1 April 2024 2,815
Provided during the period 910
As at 31 March 2025 3,725
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 March 2025 1,327
As at 1 April 2024 988
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,380 3,350
Other debtors - 3,421
4,380 6,771
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 6,241
Bank loans and overdrafts 739 509
Corporation tax 8,401 9,768
VAT 3,390 14,261
Accruals and deferred income 1,093 2,115
Director's loan account 11,096 16,582
24,719 49,476
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 3