AIVLOM CREATIVE LTD


Director	MADDOX, Molvia May


Company Secretary	MADDOX, Mitchell John


Registered Address	1 Wightwick Hall Road, Wightwick
	Wolverhampton
	West Midlands
	WV6 8BZ


Registered Number	05810276 (England and Wales)

Notes to the Financial Statements
for the year ended 30 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	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.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	25

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 31 December 23	37,500	37,500
At 30 December 24	37,500	37,500
Amortisation and impairment
At 31 December 23	37,500	37,500
At 30 December 24	37,500	37,500
Net book value
At 30 December 24	-	-
At 30 December 23	-	-

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 31 December 23	11,445	11,445
At 30 December 24	11,445	11,445
Depreciation and impairment
At 31 December 23	10,086	10,086
Charge for year	340	340
At 30 December 24	10,426	10,426
Net book value
At 30 December 24	1,019	1,019
At 30 December 23	1,359	1,359

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	-	11,700
Amounts owed by associates and joint ventures / participating interests	-	46,800
Other debtors	18,776	500
Prepayments and accrued income	50	-
Total	18,826	59,000

6.	Debtors: amounts due after one year

	2024	2023
	£	£
Amounts owed by associates and joint ventures / participating interests	135,642	-
Total	135,642	-


	The intercompany loan between Aivlom Creative Ltd and Melting Icecubes Ltd is held at arms length and is non interest bearing and repayable on demand. The loan was made with the full intention of supporting the early-stage operations of the new entity until it was in a position to assume its own costs or repay the funding received.

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	21,834	45,020
Amounts owed to related parties	129,039	-
Taxation and social security	60	10,128
Accrued liabilities and deferred income	408	409
Total	151,341	55,557


	The Solaris Law loan is non-interest bearing and is repayable by March 2025. The Bounce Back Loan payable is unsecured, has a fixed interest rate of 2.5% and is repayable over 6 years, no capital or interest payments are payable in the first 12 months as covered by the HMRC Business Interruption Payment.

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	25,392	36,976
Total	25,392	36,976


	The Solaris Law loan is non-interest bearing and is repayable by March 2025. The Bounce Back Loan payable is unsecured, has a fixed interest rate of 2.5% and is repayable over 6 years, no capital or interest payments are payable in the first 12 months as covered by the HMRC Business Interruption Payment.

9.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	194	258
Total	194	258

10.	Controlling party
	The ultimate controlling party is Molvia May Maddox.

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	4		1,019		1,359
			1,019		1,359
Current assets
Debtors	5,6	154,468		59,000
Cash at bank and on hand		712		12,642
		155,180		71,642
Creditors amounts falling due within one year	7	(151,341)		(55,557)
Net current assets (liabilities)			3,839		16,085
Total assets less current liabilities			4,858		17,444
Creditors amounts falling due after one year	8		(25,392)		(36,976)
Provisions for liabilities	9		(194)		(258)
Net assets			(20,728)		(19,790)
Capital and reserves
Called up share capital			2		2
Profit and loss account			(20,730)		(19,792)
Shareholders' funds			(20,728)		(19,790)