CREATIVE HIRE LIMITED


Directors	ASTON-LEVENE, Adam
	BRITTON, Wesley Arron


Registered Address	2-3 Arley Industrial Park Colliers Way
	Arley
	Coventry
	CV7 8HN


Registered Number	07462400 (England and Wales)

Statement of Financial Position
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		1,043,829		986,345
			1,043,829		986,345
Current assets
Stocks	4	-		401,051
Debtors		1,322,958		1,756,700
Cash at bank and on hand		693,764		349,850
		2,016,722		2,507,601
Creditors amounts falling due within one year	5	(1,116,655)		(1,593,574)
Net current assets (liabilities)			900,067		914,027
Total assets less current liabilities			1,943,896		1,900,372
Creditors amounts falling due after one year	6		(221,663)		(340,359)
Provisions for liabilities	8		(230,084)		(208,936)
Net assets			1,492,149		1,351,077
Capital and reserves
Called up share capital			2		2
Profit and loss account			1,492,147		1,351,075
Shareholders' funds			1,492,149		1,351,077

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 16 September 2025, and are signed on its behalf by:

BRITTON, Wesley Arron
Director
Registered Company No. 07462400

CREATIVE HIRE LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Land and buildings	10
	Plant and machinery	15
	Fixtures and fittings	15
	Vehicles	20
	Office Equipment	20

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	50		49

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 January 24	330,791	1,755,799	310,538	31,107	470	2,428,705
Additions	111,783	85,780	30,636	-	4,449	232,648
At 31 December 24	442,574	1,841,579	341,174	31,107	4,919	2,661,353
Depreciation and impairment
At 01 January 24	146,293	1,133,340	20,484	142,148	95	1,442,360
Charge for year	29,628	106,236	36,742	1,593	965	175,164
At 31 December 24	175,921	1,239,576	57,226	143,741	1,060	1,617,524
Net book value
At 31 December 24	266,653	602,003	283,948	(112,634)	3,859	1,043,829
At 31 December 23	184,498	622,459	290,054	(111,041)	375	986,345

4.	Stocks

	2024	2023
	£	£
Other stocks	-	401,051
Total	-	401,051

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	458,778	563,672
Bank borrowings and overdrafts	101,848	101,848
Taxation and social security	531,637	467,834
Other creditors	19,342	155,397
Accrued liabilities and deferred income	5,050	304,823
Total	1,116,655	1,593,574


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	75,000	175,000
Other creditors	146,663	165,359
Total	221,663	340,359

7.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	146,663		165,359

8.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	230,084	208,936
Total	230,084	208,936