Company No: 10603536 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.07.2025		31.07.2024
		£		£
Fixed assets
Tangible assets	3	22,221		16,982
		22,221		16,982
Current assets
Debtors	4	110,301		58,214
Cash at bank and in hand		219,851		175,518
		330,152		233,732
Creditors: amounts falling due within one year	5	( 79,955)		( 51,631)
Net current assets		250,197		182,101
Total assets less current liabilities		272,418		199,083
Provision for liabilities		( 5,555)		( 4,246)
Net assets		266,863		194,837
Capital and reserves
Called-up share capital	6	354		454
Capital redemption reserve		100		0
Profit and loss account		266,409		194,383
Total shareholders' funds		266,863		194,837

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Co Create Ltd (registered number: 10603536) were approved and authorised for issue by the Board of Directors on 08 January 2026. They were signed on its behalf by:

Mr A S F Powe Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Co Create Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Basepoint Yeoford Way, Marsh Barton Trading Estate, Exeter, EX2 8LB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/ reducing balance basis over its expected useful life, as follows:

Office equipment	20 % reducing balance
Computer equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	31.07.2025		31.07.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	12		12

3. Tangible assets

	Office equipment		Computer equipment		Total
	£		£		£
Cost
At 01 August 2024	13,294		18,266		31,560
Additions	538		10,828		11,366
At 31 July 2025	13,832		29,094		42,926
Accumulated depreciation
At 01 August 2024	3,986		10,592		14,578
Charge for the financial year	1,914		4,213		6,127
At 31 July 2025	5,900		14,805		20,705
Net book value
At 31 July 2025	7,932		14,289		22,221
At 31 July 2024	9,308		7,674		16,982

4. Debtors

	31.07.2025		31.07.2024
	£		£
Trade debtors	69,836		47,639
Other debtors	40,465		10,575
	110,301		58,214

5. Creditors: amounts falling due within one year

	31.07.2025		31.07.2024
	£		£
Trade creditors	2,022		3,075
Corporation tax	43,194		28,046
Other taxation and social security	23,372		18,820
Other creditors	11,367		1,690
	79,955		51,631

6. Called-up share capital

	31.07.2025		31.07.2024
	£		£
Allotted, called-up and fully-paid
354 Ordinary shares of £ 1.00 each (31.07.2024: 454 shares of £ 1.00 each)	354		454

During the year, the company purchased 100 of its own ordinary shares for a total consideration of £34,600. The cost of the shares has been charged to retained earnings. The nominal value of the shares purchased has been transferred to a Capital Redemption Reserve.

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	31.07.2025		31.07.2024
	£		£
within one year	9,000		16,988
between one and five years	0		7,491
Total future minimum lease payments under non-cancellable operating leases	9,000		24,479