CREATIVE ENTERTAINMENT LTD


Director	IKRAM, Abdul Basit


Registered Address	2nd Floor Grove House
	55 Lowlands Road
	Harrow
	HA1 3AW


Registered Number	06893377 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		67,366		69,940
			67,366		69,940
Current assets
Stocks	4	188,492		183,046
Debtors	5	706,020		791,899
Cash at bank and on hand		14,173		18,286
		908,685		993,231
Creditors amounts falling due within one year	6	(786,920)		(819,944)
Net current assets (liabilities)			121,765		173,287
Total assets less current liabilities			189,131		243,227
Creditors amounts falling due after one year	7		(21,797)		(83,116)
Net assets			167,334		160,111
Capital and reserves
Called up share capital			100		100
Profit and loss account			167,234		160,011
Shareholders' funds			167,334		160,111

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 Director acknowledges 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 Director on 31 December 2025, and are signed on its behalf by:

IKRAM, Abdul Basit
Director
Registered Company No. 06893377

CREATIVE ENTERTAINMENT LTD

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

1.	Accounting policies

	Statutory information
	Creative Entertainment Limited is a private company, limited by shares, registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	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.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

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

	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
	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.

	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 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.

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.

	Tangible fixed assets and depreciation
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


		Reducing balance (%)
	Plant and machinery	20
	Fixtures and fittings	10

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

2.	Average number of employees


		2025		2024
	Average number of employees during the year	30		38

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 April 24	12,664	34,575	227,430	274,669
Additions	-	-	5,403	5,403
At 31 March 25	12,664	34,575	232,833	280,072
Depreciation and impairment
At 01 April 24	12,664	27,937	164,128	204,729
Charge for year	-	1,328	6,649	7,977
At 31 March 25	12,664	29,265	170,777	212,706
Net book value
At 31 March 25	-	5,310	62,056	67,366
At 31 March 24	-	6,638	63,302	69,940

4.	Stocks

	2025	2024
	£	£
Finished goods	188,492	183,046
Total	188,492	183,046

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	208,394	293,658
Other debtors	449,565	440,830
Prepayments and accrued income	48,061	57,411
Total	706,020	791,899

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	366,402	394,818
Bank borrowings and overdrafts	85,980	86,132
Amounts owed to related parties	59,169	59,169
Taxation and social security	12,648	6,589
Other creditors	79,388	90,222
Accrued liabilities and deferred income	183,333	183,014
Total	786,920	819,944


	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.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	21,797	83,116
Total	21,797	83,116

8.	Related party transactions
	At the year end, the company was owed £13,394 (2024: £98,658) by Creative Entertainment Two Ltd. The company also owed £54,169 (2024: £54,169) to Ikram Group Ltd. The companies are related as Mr A B Ikram is the director of these companies as well.