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REGISTERED NUMBER: 02302336 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CREODA LIMITED

CREODA LIMITED (REGISTERED NUMBER: 02302336)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CREODA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr J J Blanch
Mrs J A Blanch





SECRETARY: Mrs J A Blanch





REGISTERED OFFICE: Chelworth
Malmesbury
Wiltshire
SN16 9SG





REGISTERED NUMBER: 02302336 (England and Wales)





ACCOUNTANTS: Shiner Mitchell Fisher & Co. Ltd
Smith House
George Street
Nailsworth
Stroud
Gloucestershire
GL6 0AG

CREODA LIMITED (REGISTERED NUMBER: 02302336)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,928,898 1,848,717

CURRENT ASSETS
Debtors 5 743,086 927,077
Cash in hand 36 36
743,122 927,113
CREDITORS
Amounts falling due within one year 6 1,081,757 1,031,771
NET CURRENT LIABILITIES (338,635 ) (104,658 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,590,263

1,744,059

CREDITORS
Amounts falling due after more than one
year

7

(540,207

)

(473,100

)

PROVISIONS FOR LIABILITIES (137,129 ) (186,811 )
NET ASSETS 912,927 1,084,148

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 909,927 1,081,148
SHAREHOLDERS' FUNDS 912,927 1,084,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CREODA LIMITED (REGISTERED NUMBER: 02302336)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:





Mr J J Blanch - Director


CREODA LIMITED (REGISTERED NUMBER: 02302336)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Creoda Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

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 - 33% on cost, 25% on cost and 20% on cost

The company's policy is to charge half a years depreciation in the period of acquisition and no depreciation in the year of disposal.


Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CREODA LIMITED (REGISTERED NUMBER: 02302336)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 44 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 4,840,775
Additions 884,437
Disposals (1,081,275 )
At 31 December 2024 4,643,937
DEPRECIATION
At 1 January 2024 2,992,058
Charge for year 659,957
Eliminated on disposal (936,976 )
At 31 December 2024 2,715,039
NET BOOK VALUE
At 31 December 2024 1,928,898
At 31 December 2023 1,848,717

CREODA LIMITED (REGISTERED NUMBER: 02302336)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024 2,190,423
Additions 827,549
Transfer to ownership (903,596 )
At 31 December 2024 2,114,376
DEPRECIATION
At 1 January 2024 696,698
Charge for year 340,020
Transfer to ownership (442,517 )
At 31 December 2024 594,201
NET BOOK VALUE
At 31 December 2024 1,520,175
At 31 December 2023 1,493,725

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 506,974 641,047
Other debtors 236,112 286,030
743,086 927,077

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 365,588 357,177
Hire purchase contracts 531,061 502,502
Trade creditors 101,886 76,736
Taxation and social security 34,442 44,308
Other creditors 48,780 51,048
1,081,757 1,031,771

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 18,249
Hire purchase contracts 540,207 454,851
540,207 473,100

CREODA LIMITED (REGISTERED NUMBER: 02302336)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.24 31.12.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 18,249

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank overdrafts 348,763 338,927
Bank loans 16,825 36,499
Hire purchase contracts 1,071,268 957,353
1,436,856 1,332,779

The bank overdraft is secured by a fixed and floating charge over all assets of the company and a personal guarantee of Mr J J Blanch, a director of the company.

Obligations under finance leases and hire purchase agreements are secured on the underlying assets.

9. RELATED PARTY DISCLOSURES

The company is controlled by the managing director, Mr J J Blanch and his wife who between them own 100% of the ordinary share capital.

Mr J J Blanch, a director of the company, has given personal guarantees in support of the bank overdraft.

The company has the use of property owned by Mr J J Blanch personally. No charge is made to the company for this facility.