REGISTERED NUMBER: 08764122 (England and Wales)

AB CREATIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Ms A Mehta

Dr G S Mehta

REGISTERED OFFICE:

44 Canterbury Road

Herne Bay

Kent

CT6 5DF

REGISTERED NUMBER:

08764122 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

Landgate Chambers

24 Landgate

Rye

East Sussex

TN31 7LJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

61,983

80,830

61,983

80,830

CURRENT ASSETS

Stocks

10,000

15,000

Debtors

6

632,930

509,583

Cash at bank

313,765

422,490

956,695

947,073

CREDITORS

Amounts falling due within one year

7

452,689

500,452

NET CURRENT ASSETS

504,006

446,621

TOTAL ASSETS LESS CURRENT LIABILITIES

565,989

527,451

CREDITORS

Amounts falling due after more than one year

8

(29,021

)

(31,002

)

PROVISIONS FOR LIABILITIES

(5,847

)

(7,322

)

NET ASSETS

531,121

489,127

CAPITAL AND RESERVES

Called up share capital

9

100,000

100,000

Retained earnings

431,121

389,127

SHAREHOLDERS' FUNDS

531,121

489,127

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 by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by:

Ms A Mehta - Director

1.	STATUTORY INFORMATION

AB Creations Limited 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 represents net invoiced sales of services, excluding vale added tax.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold improvements

-

Straight line over 10 years

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

41,425

AMORTISATION

At 1 April 2024

and 31 March 2025

41,425

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Long

Fixtures

leasehold

Plant and

and

improvements

machinery

fittings

£

£

£

COST

At 1 April 2024

29,578

74,838

28,485

Additions

-

-

1,344

At 31 March 2025

29,578

74,838

29,829

DEPRECIATION

At 1 April 2024

20,516

53,210

23,225

Charge for year

2,958

4,361

1,421

At 31 March 2025

23,474

57,571

24,646

NET BOOK VALUE

At 31 March 2025

6,104

17,267

5,183

At 31 March 2024

9,062

21,628

5,260

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

56,640

9,384

198,925

Additions

-

854

2,198

At 31 March 2025

56,640

10,238

201,123

DEPRECIATION

At 1 April 2024

14,160

6,984

118,095

Charge for year

10,620

1,685

21,045

At 31 March 2025

24,780

8,669

139,140

NET BOOK VALUE

At 31 March 2025

31,860

1,569

61,983

At 31 March 2024

42,480

2,400

80,830

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

16,578

DEPRECIATION

At 1 April 2024

7,253

Charge for year

2,331

At 31 March 2025

9,584

NET BOOK VALUE

At 31 March 2025

6,994

At 31 March 2024

9,325

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by associates

624,600

495,000

Other debtors

8,330

14,583

632,930

509,583

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

5,701

9,368

Trade creditors

1,129

24,103

Taxation and social security

21,817

22,906

Other creditors

424,042

444,075

452,689

500,452

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

29,021

31,002

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

100,000

100,000

10.	RELATED PARTY DISCLOSURES

At the date of these financial statements exists loans made to companies with a common directorship to the amount of £624,600 (2024: £495,000). The loans are free of interest and have no fixed terms for repayment.