Strive Creations Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09507654

Strive Creations Ltd

Filleted Financial Statements

31 March 2025

Strive Creations Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		741,994	743,654

Current assets

Stocks		162,699	44,528
Debtors	5	862,975	1,503,238
Cash at bank and in hand		3,622,021	1,386,767
		------------	------------
		4,647,695	2,934,533

Creditors: amounts falling due within one year	6	1,253,797		780,054
		------------		------------
Net current assets			3,393,898	2,154,479
			------------	------------
Total assets less current liabilities			4,135,892	2,898,133

Provisions

Taxation including deferred tax	12,348	9,156
	------------	------------
Net assets	4,123,544	2,888,977
	------------	------------

Capital and reserves

Called up share capital	1	1
Profit and loss account	4,123,543	2,888,976
	------------	------------
Shareholder funds	4,123,544	2,888,977
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 31 December 2025 , and are signed on behalf of the board by:

Mr C Smith

Director

Company registration number: 09507654

Strive Creations Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Picton Lane, Swansea, SA1 4AF, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant and machinery	-	20% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Tangible assets

	Land and buildings	Plant and machinery	Total
	£	£	£
Cost
At 1 April 2024	739,081	24,132	763,213
Additions	4,261	17,216	21,477
	---------	--------	---------
At 31 March 2025	743,342	41,348	784,690
	---------	--------	---------
Depreciation
At 1 April 2024	14,733	4,826	19,559
Charge for the year	14,867	8,270	23,137
	---------	--------	---------
At 31 March 2025	29,600	13,096	42,696
	---------	--------	---------
Carrying amount
At 31 March 2025	713,742	28,252	741,994
	---------	--------	---------
At 31 March 2024	724,348	19,306	743,654
	---------	--------	---------

5. Debtors

	2025	2024
	£	£
Trade debtors	827,821	1,479,659
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1	1
Other debtors	35,153	23,578
	---------	------------
	862,975	1,503,238
	---------	------------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	31,676	22,045
Corporation tax	821,443	433,213
Social security and other taxes	261,589	190,805
Other creditors	139,089	133,991
	------------	---------
	1,253,797	780,054
	------------	---------

7. Summary audit opinion

The auditor's report dated 31 December 2025 was unqualified .

The senior statutory auditor was Mr Matthew Clements , for and on behalf of Clements Jones .

8. Controlling party

The immediate parent undertaking and ultimate parent entity is ESB Holdings Ltd who own 100% of the issued share capital during the period, was incorporated in the United Kingdom and it's registered office is Creation House, 50-72 Gauntley Street, Nottingham NG7 5HF . The company does not produce consolidated accounts as per the exemption provided under FRS 102 s1a paragraph 21.