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Registered number: 09300926
Creokinetics Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09300926
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 235,894 228,644
Investments 6 8,645 -
244,539 228,644
CURRENT ASSETS
Stocks 7 48,346 47,090
Debtors 8 20,697 5,979
Investments 9 61,895 59,276
Cash at bank and in hand 24,693 75,014
155,631 187,359
Creditors: Amounts Falling Due Within One Year 10 (151,108 ) (167,050 )
NET CURRENT ASSETS (LIABILITIES) 4,523 20,309
TOTAL ASSETS LESS CURRENT LIABILITIES 249,062 248,953
NET ASSETS 249,062 248,953
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 249,061 248,952
SHAREHOLDERS' FUNDS 249,062 248,953
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Jonathan Shepley
Director
26/06/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Creokinetics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09300926 . The registered office is 14 Murrell Green, Business Park, London Road, Hook, Hampshire, RG27 9GR.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. 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:
Plant & Machinery Ranges from 4 years to 10 years straight line
Motor Vehicles 4 years straight line
Fixtures & Fittings 4 years straight line
Computer Equipment 3 years straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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 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 assets reflect 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.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 10,500
Disposals (10,500 )
As at 31 December 2024 -
Amortisation
As at 1 January 2024 10,500
Disposals (10,500 )
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 836,526 1,850 15,185 5,145 858,706
Additions 87,375 9,085 3,906 3,319 103,685
Disposals (175,050 ) (1,850 ) - (3,312 ) (180,212 )
As at 31 December 2024 748,851 9,085 19,091 5,152 782,179
Depreciation
As at 1 January 2024 613,009 1,850 11,585 3,618 630,062
Provided during the period 87,126 2,271 2,499 1,256 93,152
Disposals (171,767 ) (1,850 ) - (3,312 ) (176,929 )
As at 31 December 2024 528,368 2,271 14,084 1,562 546,285
Net Book Value
As at 31 December 2024 220,483 6,814 5,007 3,590 235,894
As at 1 January 2024 223,517 - 3,600 1,527 228,644
Page 4
Page 5
6. Investments
Other
£
Cost
As at 1 January 2024 -
Additions 23,845
Disposals (15,200 )
As at 31 December 2024 8,645
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 8,645
As at 1 January 2024 -
7. Stocks
2024 2023
£ £
Stock 48,346 47,090
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,047 874
Prepayments and accrued income 2,650 3,938
Other debtors - 1,167
20,697 5,979
9. Current Asset Investments
2024 2023
£ £
Unlisted investments 61,895 59,276
10. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,971 7,907
Corporation tax 17,113 21,913
Other taxes and social security 1,322 1,505
VAT 8,955 26,867
Other creditors 25,475 9,434
Deferred tax - charged to the profit and loss account 61,134 57,161
...CONTINUED
Page 5
Page 6
Other creditors (2) 15,576 -
Accruals and deferred income 414 -
Director's loan account 13,148 42,263
151,108 167,050
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 6