Company Registration No. 12727353 (England and Wales)
Threads Creatives Limited
Unaudited accounts
for the year ended 31 July 2025
Threads Creatives Limited
Unaudited accounts
Contents
Threads Creatives Limited
Company Information
for the year ended 31 July 2025
Company Number
12727353 (England and Wales)
Registered Office
Waterend Cottage
Luton Road
Luton
Bedfordshire
LU4 9UH
United Kingdom
Threads Creatives Limited
Statement of financial position
as at 31 July 2025
Cash at bank and in hand
16,328
448
Creditors: amounts falling due within one year
(17,623)
(6,415)
Net current assets/(liabilities)
2,005
(2,667)
Net assets/(liabilities)
2,552
(2,023)
Called up share capital
1
1
Profit and loss account
2,551
(2,024)
Shareholders' funds
2,552
(2,023)
For the year ending 31 July 2025 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 October 2025 and were signed on its behalf by
Michelle Ojulah
Director
Company Registration No. 12727353
Threads Creatives Limited
Notes to the Accounts
for the year ended 31 July 2025
Threads Creatives Limited is a private company, limited by shares, registered in England and Wales, registration number 12727353. The registered office is Waterend Cottage, Luton Road, Luton, Bedfordshire, LU4 9UH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing Balance
Computer equipment
33% Straight Line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2024
1,049
924
1,973
At 31 July 2025
1,049
924
1,973
At 1 August 2024
405
924
1,329
Charge for the year
97
-
97
At 31 July 2025
502
924
1,426
Threads Creatives Limited
Notes to the Accounts
for the year ended 31 July 2025
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
3,673
2,256
Taxes and social security
7,714
1,789
Loans from directors
20
20
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).