REGISTERED NUMBER: 07811647 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

COCONUT CREATIVES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Clegg

Mr A Lovelock

REGISTERED OFFICE:

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

REGISTERED NUMBER:

07811647 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

FIXED ASSETS

Intangible assets

4

52,081

65,946

Tangible assets

5

520

1,337

Investments

6

950

950

53,551

68,233

CURRENT ASSETS

Debtors

7

167,254

174,387

Cash at bank

3

218

167,257

174,605

CREDITORS

Amounts falling due within one year

8

197,119

190,203

NET CURRENT LIABILITIES

(29,862

)

(15,598

)

TOTAL ASSETS LESS CURRENT LIABILITIES

23,689

52,635

CREDITORS

Amounts falling due after more than one year

9

22,660

46,138

NET ASSETS

1,029

6,497

CAPITAL AND RESERVES

Called up share capital

10

200

200

Retained earnings

829

6,297

SHAREHOLDERS' FUNDS

1,029

6,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by:

Mr P Clegg - Director

1.	STATUTORY INFORMATION

Coconut Creatives Ltd 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key risks of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

When the outcome of a transaction can be estimated reliably, turnover from franchise marketing is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to contract length.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Office equipment - 33% straight line.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 8 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Website

development

costs

£

COST

At 1 April 2024

170,750

Additions

11,875

At 31 March 2025

182,625

AMORTISATION

At 1 April 2024

104,804

Amortisation for year

25,740

At 31 March 2025

130,544

NET BOOK VALUE

At 31 March 2025

52,081

At 31 March 2024

65,946

5.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 April 2024

and 31 March 2025

18,326

DEPRECIATION

At 1 April 2024

16,989

Charge for year

817

At 31 March 2025

17,806

NET BOOK VALUE

At 31 March 2025

520

At 31 March 2024

1,337

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

950

NET BOOK VALUE

At 31 March 2025

950

At 31 March 2024

950

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

142,314

162,593

Amounts recoverable on contract

21,000

6,000

Other debtors

264

264

Directors' current accounts

-

1,325

Prepayments and accrued income

3,676

4,205

167,254

174,387

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

15,656

6,675

Other loans

34,240

52,738

Trade creditors

65,167

68,107

Corporation tax

(6,522

)

(6,522

)

Social security and other taxes

3,987

2,411

VAT

54,909

37,725

Other creditors

26,419

26,932

Directors' current accounts

1,538

-

Accruals and deferred income

1,725

2,137

197,119

190,203

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 1-2 years

7,540

27,728

Other loans - 2-5 years

15,120

18,410

22,660

46,138

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

40

A Ordinary

£1

40

40

40

B Ordinary

£1

40

40

40

C Ordinary

£1

40

40

40

D Ordinary

£1

40

40

40

E Ordinary

£1

40

40

200

200