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Registered Number: 11920573
England and Wales

 

 

 

CREATESWELL LTD



Filleted Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2024

End date: 31 March 2025
Director Jacob Jennings
Registered Number 11920573
Registered Office Bristol North Baths c/o Bond & Co Accountants Limited
Gloucester Road
Bristol
BS7 8BN
Accountants Bond & Co Chartered Certified Accountants
Bristol North Baths
Gloucester Road
Bristol
BS7 8BN
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 31 March 2025.
Principal activities
Principal activity of the company during the financial year was that of graphic and digital design.
Director
The director who served the company throughout the year was as follows:
Jacob Jennings
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Jacob Jennings
Director

Date approved: 14 May 2025
2
Report to the directors on the preparation of the unaudited statutory accounts of CreateSwell LTD for the year ended 31 March 2025. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CreateSwell LTD for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of CreateSwell LTD, as a body, in accordance with the terms of our engagement letter dated 10 May 2019. Our work has been undertaken solely to prepare for your approval the accounts of CreateSwell LTD and state those matters that we have agreed to state to the Board of Directors of CreateSwell LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CreateSwell LTD and its Board of Directors as a body for our work or for this report. It is your duty to ensure that CreateSwell LTD 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 of CreateSwell LTD. You consider that CreateSwell LTD is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of CreateSwell LTD. 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 statutory accounts 31 March 2025.



Bond & Co Chartered Certified Accountants

Bristol North Baths
Gloucester Road
Bristol
BS7 8BN
14 May 2025
3
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 7,325    9,810 
7,325    9,810 
Current assets      
Debtors 4 10,199    26,163 
Cash at bank and in hand 87,236    108,366 
97,435    134,529 
Creditors: amount falling due within one year 5 (15,565)   (30,106)
Net current assets 81,870    104,423 
 
Total assets less current liabilities 89,195    114,233 
Provisions for liabilities 6 (1,392)   (1,864)
Net assets 87,803    112,369 
 

Capital and reserves
     
Called up share capital 4    4 
Profit and loss account 87,799    112,365 
Shareholders' funds 87,803    112,369 
 


For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 14 May 2025 and were signed by:


-------------------------------
Jacob Jennings
Director
4
General Information
CreateSwell LTD is a private company, limited by shares, registered in England and Wales, registration number 11920573, registration address Bristol North Baths c/o Bond & Co Accountants Limited, Gloucester Road, Bristol, BS7 8BN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 5 Years Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2024 : 1).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 April 2024 24,229    24,229 
Additions 2,950    2,950 
Disposals  
At 31 March 2025 27,179    27,179 
Depreciation
At 01 April 2024 14,419    14,419 
Charge for year 5,435    5,435 
On disposals  
At 31 March 2025 19,854    19,854 
Net book values
Closing balance as at 31 March 2025 7,325    7,325 
Opening balance as at 01 April 2024 9,810    9,810 


4.

Debtors: amounts falling due within one year

2025
£
  2024
£
Trade Debtors 10,199    26,163 
10,199    26,163 

5.

Creditors: amount falling due within one year

2025
£
  2024
£
Trade Creditors 277    502 
Corporation Tax 3,909    8,591 
PAYE & Social Security 138    138 
Accrued Expenses 1,035    925 
Other Creditors 1    180 
Director's Current Account 7,592    7,810 
VAT 2,613    11,960 
15,565    30,106 

6.

Provisions for liabilities

2025
£
  2024
£
Deferred Tax 1,392    1,864 
1,392    1,864 

5