REGISTERED NUMBER: 06644248 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Crea8ive Network Solutions Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D P Williams

REGISTERED OFFICE:

6 Unit 6 Dollywagon Way

Bamber Bridge

Preston

Lancashire

PR5 6EW

REGISTERED NUMBER:

06644248 (England and Wales)

ACCOUNTANTS:

McDade Roberts Accountants Limited

Chartered Accountants

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

FIXED ASSETS

Tangible assets

4

128,141

131,924

CURRENT ASSETS

Stocks

1,850

2,155

Debtors

5

147,699

135,935

Cash at bank

38,218

79,882

187,767

217,972

CREDITORS

Amounts falling due within one year

6

95,504

105,758

NET CURRENT ASSETS

92,263

112,214

TOTAL ASSETS LESS CURRENT LIABILITIES

220,404

244,138

CREDITORS

Amounts falling due after more than one year

7

(4,188

)

(14,167

)

PROVISIONS FOR LIABILITIES

(960

)

(938

)

NET ASSETS

215,256

229,033

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

215,246

229,023

SHAREHOLDERS' FUNDS

215,256

229,033

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 director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:

Mr D P Williams - Director

1.	STATUTORY INFORMATION

Crea8ive Network Solutions 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.

Long leasehold

-

2% on cost

Improvements to property

-

Straight line over 15 years

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Long

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 January 2024

146,573

4,653

2,301

Additions

-

-

-

At 31 December 2024

146,573

4,653

2,301

DEPRECIATION

At 1 January 2024

19,584

1,551

1,856

Charge for year

2,931

310

149

At 31 December 2024

22,515

1,861

2,005

NET BOOK VALUE

At 31 December 2024

124,058

2,792

296

At 31 December 2023

126,989

3,102

445

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

1,420

9,330

35,741

200,018

Additions

-

-

422

422

At 31 December 2024

1,420

9,330

36,163

200,440

DEPRECIATION

At 1 January 2024

1,420

8,396

35,287

68,094

Charge for year

-

233

582

4,205

At 31 December 2024

1,420

8,629

35,869

72,299

NET BOOK VALUE

At 31 December 2024

-

701

294

128,141

At 31 December 2023

-

934

454

131,924

The property held under long leasehold has a lease term of 999 years of which 992 years are remaining.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

35,057

52,675

Go Cardless Account (Debtor)

456

-

Directors' loan accounts

88,931

61,215

Tax

21,616

21,616

Prepayments

1,639

429

147,699

135,935

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

7,003

6,511

Tax

47,582

43,684

Social security and other taxes

2,276

1,803

Pension Creditor

98

122

VAT

18,471

27,799

Other creditors

4,317

8,637

Deferred income

3,557

3,160

Accrued expenses

2,200

4,042

95,504

105,758

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

4,188

10,000

Bank loans - 2-5 years

-

4,167

4,188

14,167

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

12,739

11,859

Between one and five years

2,123

13,835

14,862

25,694

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

14,188

24,167

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from Santander PLC in the year.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

Mr D P Williams

Balance outstanding at start of year

61,215

60,814

Amounts advanced

107,358

82,530

Amounts repaid

(79,642

)

(82,129

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

88,931

61,215