REGISTERED NUMBER: 02931172 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

North Creative Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J N M Simmonds

SECRETARY:

PHA Secretarial Services Ltd

REGISTERED OFFICE:

Century House

1 Eli Street

Oldham

Lancashire

OL9 8HZ

REGISTERED NUMBER:

02931172 (England and Wales)

ACCOUNTANTS:

Brian Gumbley Accountancy Services Ltd

Corner House

28 Huddersfield Road

Newhey

Rochdale

Lancashire

OL16 3QF

FIXED ASSETS

Tangible assets

4

18,164

16,399

CURRENT ASSETS

Stocks

610

675

Debtors

5

19,455

5,069

Cash at bank and in hand

22,136

10,663

42,201

16,407

CREDITORS

Amounts falling due within one year

6

36,717

31,360

NET CURRENT ASSETS/(LIABILITIES)

5,484

(14,953

)

TOTAL ASSETS LESS CURRENT LIABILITIES

23,648

1,446

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

23,642

1,440

SHAREHOLDERS' FUNDS

23,648

1,446

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 November 2025 and were signed by:

J N M Simmonds - Director

1.	STATUTORY INFORMATION

North Creative 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.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 September 2024

20,180

3,315

27,497

40,046

91,038

Additions

2,311

-

-

2,659

4,970

At 31 August 2025

22,491

3,315

27,497

42,705

96,008

DEPRECIATION

At 1 September 2024

9,022

2,129

27,497

35,991

74,639

Charge for year

2,020

178

-

1,007

3,205

At 31 August 2025

11,042

2,307

27,497

36,998

77,844

NET BOOK VALUE

At 31 August 2025

11,449

1,008

-

5,707

18,164

At 31 August 2024

11,158

1,186

-

4,055

16,399

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

19,455

4,242

VAT

-

827

19,455

5,069

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

7,333

15,333

Trade creditors

479

941

Tax

6,877

1,611

Social security and other taxes

95

40

VAT

1,570

-

Directors' current accounts

20,363

13,435

36,717

31,360