VeryCreative Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07911384

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		86,007		101,184

			86,007		101,184
CURRENT ASSETS
Stocks	5	-		10,000
Debtors	6	23,817		19,521
Cash at bank and in hand		18,351		17,857

		42,168		47,378
Creditors: Amounts Falling Due Within One Year	7	(280,376 )		(285,094 )

NET CURRENT ASSETS (LIABILITIES)			(238,208 )		(237,716 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(152,201 )		(136,532 )

Creditors: Amounts Falling Due After More Than One Year	8		(18,248 )		(26,898 )

NET LIABILITIES			(170,449 )		(163,430 )

CAPITAL AND RESERVES
Called up share capital	9		306		306
Profit and Loss Account			(170,755 )		(163,736 )

SHAREHOLDERS' FUNDS			(170,449)		(163,430)

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VeryCreative Limited

Balance Sheet (continued)

As At 29 January 2025

For the year ending 29 January 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Eamonn Joseph Hunt

Director

27/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

VeryCreative Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07911384 . The registered office is Creative Corner, 1 Riverside Court, Don Road, Sheffield, England, S9 2TJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% reducing balance
Fixtures & Fittings	15% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle onanet basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

...CONTINUED

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VeryCreative Limited

Notes to the Financial Statements (continued)

For The Year Ended 29 January 2025

2.6. Financial Instruments - continued

Classification of financial liabilities

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.

Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 4)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 February 2024	277,414	57,171	334,585

As at 29 January 2025	277,414	57,171	334,585

Depreciation
As at 1 February 2024	182,117	51,284	233,401
Provided during the period	14,294	883	15,177

As at 29 January 2025	196,411	52,167	248,578

Net Book Value
As at 29 January 2025	81,003	5,004	86,007

As at 1 February 2024	95,297	5,887	101,184

5. Stocks

	2025	2024
	£	£
Stock	-	10,000

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VeryCreative Limited

Notes to the Financial Statements (continued)

For The Year Ended 29 January 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,969	756
Other debtors	20,848	18,765

	23,817	19,521

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	10,347	17,852
Bank loans and overdrafts	55,657	59,985
Other loans	6,747	12,578
Amounts owed to participating interests	122,791	128,140
Other creditors	37,149	33,546
Taxation and social security	47,685	32,993

	280,376	285,094

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	18,248	20,000
Other loans	-	6,898

	18,248	26,898

9. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1 Ordinary A shares of £ 100.00 each	100	100
1 Ordinary B shares of £ 100.00 each	100	100
1 Ordinary C shares of £ 100.00 each	100	100
6 Ordinary D shares of £ 1.00 each	6	6

	306	306

10. Related Party Transactions

The amounts due to related parties as at year end is £122,791 (2024 : £128,140). These loans are interest free and payable on demand.

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