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Registered number: 10349356
Sketch Creative Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10349356
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 66,123 70,770
Investments 5 351,846 351,846
417,969 422,616
CURRENT ASSETS
Debtors 6 113,250 298,916
Cash at bank and in hand 51,877 153,355
165,127 452,271
Creditors: Amounts Falling Due Within One Year 7 (366,109 ) (593,983 )
NET CURRENT ASSETS (LIABILITIES) (200,982 ) (141,712 )
TOTAL ASSETS LESS CURRENT LIABILITIES 216,987 280,904
Creditors: Amounts Falling Due After More Than One Year 8 (188,088 ) (212,418 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (12,563 ) -
NET ASSETS 16,336 68,486
CAPITAL AND RESERVES
Called up share capital 11 5,000 6,000
Profit and Loss Account 11,336 62,486
SHAREHOLDERS' FUNDS 16,336 68,486
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For the year ending 31 August 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 director acknowledges his 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 Jordan Butcher
Director
17 February 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sketch Creative Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10349356 . The registered office is 3 Wharfside Street, Spaces Level 1, Mailbox, Birmingham, B1 1RD.
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. 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.
2.3. 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:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred 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 and deferred 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 22 (2024: 11)
22 11
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2024 47,949 90,692 - 138,641
Additions - 2,030 14,371 16,401
As at 31 August 2025 47,949 92,722 14,371 155,042
Depreciation
As at 1 September 2024 11,987 55,884 - 67,871
Provided during the period 8,991 9,132 2,925 21,048
As at 31 August 2025 20,978 65,016 2,925 88,919
Net Book Value
As at 31 August 2025 26,971 27,706 11,446 66,123
As at 1 September 2024 35,962 34,808 - 70,770
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5. Investments
Unlisted
£
Cost or Valuation
As at 1 September 2024 351,846
As at 31 August 2025 351,846
Provision
As at 1 September 2024 -
As at 31 August 2025 -
Net Book Value
As at 31 August 2025 351,846
As at 1 September 2024 351,846
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 28,328 34,519
Amounts owed by group undertakings 22,630 -
Amounts owed by participating interests - 261,140
Other debtors 62,292 3,257
113,250 298,916
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 9,658 9,658
Trade creditors 94,105 17,999
Bank loans and overdrafts 136,264 46,558
Other loans 14,843 -
Amounts owed to participating interests - 365,838
Other creditors 70,774 6,726
Taxation and social security 40,465 147,204
366,109 593,983
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 21,730 31,388
Bank loans 166,358 181,030
188,088 212,418
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9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,658 9,658
Later than one year and not later than five years 21,730 31,388
31,388 41,046
31,388 41,046
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 12,563 -
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 5,000 6,000
12. Related Party Transactions
Sketch Creative Limited owns 100% of the issued share capital of Mayne Computer Services Limited. During the year ended Augist 2025, the following related party balances and transactions occurred:
Outstanding Balances:
At the year end, Mayne Computer Services owed Sketch Creative £22,630 (prior year: Sketch Creative owed Mayne Computer Services £261,140).
Dividends:
During the period, Mayne Computer Services declared and paid dividends of £250,000 to Sketch Creative.
Other Transactions:
There were additional transactions between Mayne Computer Services and Sketch Creative during the year, including payments for goods and services, which were made on normal commercial terms.
All related party transactions were carried out on terms equivalent to those that prevail in arm’s length transactions.
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