Company registration number: 14659708
Unaudited financial statements
for the period ended 28 February 2025
for
Oac Creative Limited
Pages for filing with the Registrar
Company registration number: 14659708
Oac Creative Limited
Balance sheet
as at 28 February 2025
28 Feb 25 27 Feb 24
Note £ £ £ £
Fixed assets
Tangible assets 4 26,379 7,786
26,379 7,786
Current assets
Debtors 101,014 40,961
Cash at bank and in hand 117,837 44,274
218,851 85,235
Creditors: amounts falling due within one
year
(124,066) (46,441)
Net current assets 94,785 38,794
Total assets less current liabilities 121,164 46,580
Creditors: Amounts falling due after more
than one year
5 (11,720) (71)
NET ASSETS 109,444 46,509
Capital and reserves
Called up share capital 1 -
Profit and loss account 109,443 46,509
TOTAL EQUITY 109,444 46,509
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 28 February 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 14659708
Oac Creative Limited
Balance sheet - continued
as at 28 February 2025
The 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Miss C Hobbis, Director
18 June 2025
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Oac Creative Limited
Notes to the financial statements
for the period ended 28 February 2025
1 Company information
Oac Creative Limited is a private company registered in England and Wales. Its registered number is 14659708. The company is limited by shares. Its registered office is 80 Hewell Road Floor 1 & 2, 80 Hewell Road, Barnt Green, B45 8NF.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Fixtures & fittings - 20% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 20% reducing balance
Taxation
Taxation for the period comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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Oac Creative Limited
Notes to the financial statements - continued
for the period ended 28 February 2025
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the period the average number of employees was 4 (2024 - 3).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 28 February 2024 8,922
Additions 25,188
At 28 February 2025 34,110
Depreciation
At 28 February 2024 1,136
Charge for period 6,595
At 28 February 2025 7,731
Net book value
At 28 February 2025 26,379
At 27 February 2024 7,786
If 0 had not been revalued, it would have been included at the following historical cost:
28 Feb 25 27 Feb 24
£ £
Cost - -
Accumulated depreciation - -
5 Creditors: amounts falling due after more than five years
28 Feb 25 27 Feb 24
£ £
Repayable otherwise than by instalments
Other creditors 11,720 71
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