CREATIVE HIRE LIMITED


Directors	ASTON-LEVENE, Adam
	BRITTON, Wesley Arron


Registered Address	2-3 Arley Industrial Park Colliers Way
	Arley
	Coventry
	CV7 8HN


Registered Number	07462400 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	31 Mar 2025		31 Dec 2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,061,520		1,043,829
			1,061,520		1,043,829
Current assets
Debtors		1,531,705		1,322,958
Cash at bank and on hand		786,977		693,764
		2,318,682		2,016,722
Creditors amounts falling due within one year	5	(1,281,451)		(1,116,655)
Net current assets (liabilities)			1,037,231		900,067
Total assets less current liabilities			2,098,751		1,943,896
Creditors amounts falling due after one year	6		(176,788)		(221,663)
Provisions for liabilities	8		(230,084)		(230,084)
Net assets			1,691,879		1,492,149
Capital and reserves
Called up share capital			2		2
Profit and loss account			1,691,877		1,492,147
Shareholders' funds			1,691,879		1,492,149

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 10 December 2025, and are signed on its behalf by:

BRITTON, Wesley Arron
Director
Registered Company No. 07462400

CREATIVE HIRE LIMITED

Notes to the Financial Statements
for the period ended 31 March 2025

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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	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.

	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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Land and buildings	10
	Plant and machinery	15
	Fixtures and fittings	15
	Vehicles	20
	Office Equipment	20

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	51		50

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 January 25	442,574	1,841,579	341,174	31,107	4,919	2,661,353
Additions	-	57,743	-	-	-	57,743
At 31 March 25	442,574	1,899,322	341,174	31,107	4,919	2,719,096
Depreciation and impairment
At 01 January 25	175,922	1,239,576	178,890	22,077	1,059	1,617,524
Charge for year	6,666	24,740	8,114	339	193	40,052
At 31 March 25	182,588	1,264,316	187,004	22,416	1,252	1,657,576
Net book value
At 31 March 25	259,986	635,006	154,170	8,691	3,667	1,061,520
At 31 December 24	266,652	602,003	162,284	9,030	3,860	1,043,829

4.	Stocks

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	480,047	458,778
Bank borrowings and overdrafts	100,000	101,848
Taxation and social security	685,373	531,637
Other creditors	16,031	19,342
Accrued liabilities and deferred income	-	5,050
Total	1,281,451	1,116,655


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	50,000	75,000
Other creditors	126,788	146,663
Total	176,788	221,663

7.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	126,788		146,663

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	230,084	230,084
Total	230,084	230,084