REGISTERED NUMBER: 08092272 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

CREATESHIFT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms J Bastow

S C B Cast

REGISTERED OFFICE:

36 Brunswick Street West

Brunswick Street West

Brighton

BN3 1EL

REGISTERED NUMBER:

08092272 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

847

2,891

Investments

5

384

384

1,231

3,275

CURRENT ASSETS

Debtors

6

401,178

153,203

Cash at bank

69,619

120,649

470,797

273,852

CREDITORS

Amounts falling due within one year

7

1,126,350

624,400

NET CURRENT LIABILITIES

(655,553

)

(350,548

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(654,322

)

(347,273

)

CREDITORS

Amounts falling due after more than one year

8

-

(245,581

)

PROVISIONS FOR LIABILITIES

(212

)

(550

)

NET LIABILITIES

(654,534

)

(593,404

)

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

(654,635

)

(593,505

)

(654,534

)

(593,404

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 24 April 2026 and were signed on its behalf by:

Ms J Bastow - Director

1.	STATUTORY INFORMATION

Createshift Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Investments in subsidiaries

Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 14 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 October 2024

and 30 September 2025

58,287

DEPRECIATION

At 1 October 2024

55,396

Charge for year

2,044

At 30 September 2025

57,440

NET BOOK VALUE

At 30 September 2025

847

At 30 September 2024

2,891

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 October 2024

and 30 September 2025

384

NET BOOK VALUE

At 30 September 2025

384

At 30 September 2024

384

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

332,704

69,370

Amounts owed by associates

10,475

5,954

Other debtors

-

1,632

Directors' loan accounts

-

360

Tax

46,434

63,679

Prepayments and accrued income

11,565

12,208

401,178

153,203

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

356,077

110,606

Trade creditors

14,761

13,176

Social security and other taxes

14,913

35,637

VAT

13,948

7,822

Other creditors

1,107

6,461

Pensions payable

3,792

6,669

Directors' loan accounts

265

-

Accruals and deferred income

709,828

412,206

Accrued expenses

11,659

31,823

1,126,350

624,400

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

110,606

Bank loans - 2-5 years

-

134,975

-

245,581

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

2025

2024

£

£

Ms J Bastow

Balance outstanding at start of year

360

210

Amounts advanced

-

150

Amounts repaid

(624

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(264

)

360

This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10.	ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. During the year the company made a loss of £108,097. As at the year end the current liabilities exceeded current assets by £655,553.

The validity of this basis depends upon the continued support of the company's directors. The directors confirms that they will give the required support.

11.	SHARE BASED TRANSACTIONS

The company operates an EMI qualifying share option scheme. At the balance sheet date, the company had granted 41,196 EMI qualifying share options with an exercise price of £0.0001 per share.

As at the balance sheet date 17,263 share options had vested and 23,933 had been exercised.

The company also operates an unapproved share option scheme. As at the balance sheet date, the company had granted 15,110 non-qualifying share options with an exercise price of £0.0001 per share.

As at the balance sheet date 12,024 share options had vested but not been exercised.

Share options vest monthly over 3 years from date of grant.