Extreme Creations Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 04971289

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		7,755		8,266

			7,755		8,266
CURRENT ASSETS
Debtors	6	218,591		234,550
Cash at bank and in hand		22,048		8,937

		240,639		243,487
Creditors: Amounts Falling Due Within One Year	7	(198,365 )		(193,851 )

NET CURRENT ASSETS (LIABILITIES)			42,274		49,636

TOTAL ASSETS LESS CURRENT LIABILITIES			50,029		57,902

Creditors: Amounts Falling Due After More Than One Year	8		(97,835 )		(129,327 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,581 )		(1,581 )

NET LIABILITIES			(49,387 )		(73,006 )

CAPITAL AND RESERVES
Called up share capital			1,204		1,204
Profit and Loss Account			(50,591 )		(74,210 )

SHAREHOLDERS' FUNDS			(49,387)		(73,006)

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Extreme Creations Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Andrew Gledhill

Director

17 September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Extreme Creations Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 04971289 . The registered office is 7.23 Windsor House, Cornwall Road, Harrogate, England, HG1 2PW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors believe the company to be a going concern and will continue to give their support to the company over the next 12 months.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the provision of services and is recognised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and equipment	25% on reducing balance
Computer equipment	33% on cost

2.6. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.

Assets acquired under hire purchase contracts are depreciated over their useful lives.

Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company.

Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.7. Financial Instruments

Debtors and creditors which are due within one year are recorded at transaction price, less any impairment.

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Extreme Creations Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.8. Taxation

The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Deferred tax is only adjusted if the change in the timing difference is material.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

	2024	2023
Average number of employees, including directors, during the year	23	22

	23	22

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Extreme Creations Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	17,000

As at 31 December 2024	17,000

Amortisation
As at 1 January 2024	17,000

As at 31 December 2024	17,000

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

5. Tangible Assets

	Fixtures and equipment	Computer equipment	Total
	£	£	£
Cost
As at 1 January 2024	78,525	59,605	138,130
Additions	2,203	-	2,203

As at 31 December 2024	80,728	59,605	140,333

Depreciation
As at 1 January 2024	70,477	59,387	129,864
Provided during the period	2,496	218	2,714

As at 31 December 2024	72,973	59,605	132,578

Net Book Value
As at 31 December 2024	7,755	-	7,755

As at 1 January 2024	8,048	218	8,266

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	218,591	234,550

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Extreme Creations Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	804	20,252
Bank loans and overdrafts	31,591	31,465
Other creditors	68,512	68,115
Taxation and social security	97,458	74,019

	198,365	193,851

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	97,835	129,327

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	31,280	13,000
Later than one year and not later than five years	33,887	-

	65,167	13,000

10. Dividend

The directors acknowledge unlawful dividends were declared and paid. No further distributions can be made until there are sufficient profits available for that purpose.

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