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Registration number: 13916535

Create Your Future Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2025

 

Create Your Future Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Create Your Future Ltd

Company Information

Director

Mr Alex Lee Naylor Hayes

Registered office

167-169 Great Portland Street
5th Floor
London
W1W 5PF

Accountants

RiverView Portfolio Limited 1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Create Your Future Ltd

(Registration number: 13916535)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

1,023

508

Current assets

 

Debtors

6

4,735

2,534

Cash at bank and in hand

 

17,356

24

 

22,091

2,558

Creditors: Amounts falling due within one year

7

(8,849)

(540)

Net current assets

 

13,242

2,018

Total assets less current liabilities

 

14,265

2,526

Creditors: Amounts falling due after more than one year

7

-

(13,973)

Net assets/(liabilities)

 

14,265

(11,447)

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

13,265

(12,447)

Shareholders' funds/(deficit)

 

14,265

(11,447)

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 22 May 2025
 

.........................................
Mr Alex Lee Naylor Hayes
Director

 

Create Your Future Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
167-169 Great Portland Street
5th Floor
London
W1W 5PF

These financial statements were authorised for issue by the director on 22 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Create Your Future Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

 

Create Your Future Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

4

Profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

397

170

 

Create Your Future Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2024

678

678

Additions

912

912

At 28 February 2025

1,590

1,590

Depreciation

At 1 March 2024

170

170

Charge for the year

397

397

At 28 February 2025

567

567

Carrying amount

At 28 February 2025

1,023

1,023

At 29 February 2024

508

508

6

Debtors

Current

2025
£

2024
£

Trade debtors

285

2,534

Prepayments

286

-

Other debtors

4,164

-

 

4,735

2,534

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

7

-

Taxation and social security

8,302

-

Accruals and deferred income

540

540

8,849

540

 

Create Your Future Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

7

Creditors (continued)

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

-

13,973

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Other borrowings

-

13,973