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Creation Office Ltd
Financial Statements
For The Year Ended 31 July 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13413091
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 213,830 215,814
213,830 215,814
CURRENT ASSETS
Stocks 5 203,774 8,763
Debtors 6 300,762 188,776
Cash at bank and in hand 50,069 152,865
554,605 350,404
Creditors: Amounts Falling Due Within One Year 7 (354,391 ) (472,476 )
NET CURRENT ASSETS (LIABILITIES) 200,214 (122,072 )
TOTAL ASSETS LESS CURRENT LIABILITIES 414,044 93,742
Creditors: Amounts Falling Due After More Than One Year 8 (391,638 ) (67,086 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (21,263 ) (25,822 )
NET ASSETS 1,143 834
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 1,142 833
SHAREHOLDERS' FUNDS 1,143 834
Page 1
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For the 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.
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 Leo Nelson
Director
28 July 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
Creation Office Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13413091 . The registered office is The Lion Buildings, 8 Market Place, Uttoxeter, ST14 8HP.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 15% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
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. 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.
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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: 12 (2024: 10)
12 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2024 1,890 245,913 914 17,630 266,347
Additions - 46,611 41,952 1,821 90,384
Disposals - (93,353 ) - - (93,353 )
As at 31 July 2025 1,890 199,171 42,866 19,451 263,378
Depreciation
As at 1 August 2024 901 42,073 508 7,051 50,533
Provided during the period 247 20,325 352 3,100 24,024
Disposals - (25,009 ) - - (25,009 )
As at 31 July 2025 1,148 37,389 860 10,151 49,548
Net Book Value
As at 31 July 2025 742 161,782 42,006 9,300 213,830
As at 1 August 2024 989 203,840 406 10,579 215,814
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 97,073 96,666
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5. Stocks
2025 2024
£ £
Work in progress 203,774 8,763
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 150,571 182,226
Other debtors 150,191 6,550
300,762 188,776
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 57,280 10,654
Trade creditors 72,617 115,999
Bank loans and overdrafts 84,637 176,474
Amounts owed to participating interests - 4,033
Other creditors 3,097 2,075
Taxation and social security 136,760 163,241
354,391 472,476
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 21,638 67,086
Bank loans 370,000 -
391,638 67,086
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 57,280 10,654
Later than one year and not later than five years 21,638 67,086
78,918 77,740
78,918 77,740
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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11. Ultimate Controlling Party
The company's ultimate controlling party is Lan Ventures Ltd by virtue of his ownership of 100% of the issued share capital in the company.
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