Company Registration No. 09491899 (England and Wales)
Underground Creative Ltd
Unaudited accounts
for the year ended 31 March 2025
Underground Creative Ltd
Unaudited accounts
Contents
Underground Creative Ltd
Company Information
for the year ended 31 March 2025
Directors
Mr Sean Wilson
Mr James Black
Company Number
09491899 (England and Wales)
Registered Office
c/o Paul Austen Associates Ltd
Riverside, Mountbatten Way
Congleton
Cheshire
CW12 1DY
Accountants
Paul Austen Associates Ltd
Riverside
Mountbatten Way
Congleton
Cheshire
CW12 1DY
Underground Creative Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
2,824
3,510
Cash at bank and in hand
617,811
342,376
Creditors: amounts falling due within one year
(190,798)
(126,986)
Net current assets
452,393
259,046
Net assets
455,217
262,556
Called up share capital
4
4
Profit and loss account
455,213
262,552
Shareholders' funds
455,217
262,556
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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 April 2025 and were signed on its behalf by
Mr Sean Wilson
Director
Company Registration No. 09491899
Underground Creative Ltd
Notes to the Accounts
for the year ended 31 March 2025
Underground Creative Ltd is a private company, limited by shares, registered in England and Wales, registration number 09491899. The registered office is c/o Paul Austen Associates Ltd, Riverside, Mountbatten Way, Congleton, Cheshire, CW12 1DY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
25,380
43,656
Underground Creative Ltd
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
34,876
32,238
Taxes and social security
152,155
85,311
Loans from directors
-
2,116
Amount owed to directors £2,116
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).