REGISTERED NUMBER: SC203930 (Scotland)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

Elastic Creative Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Connell

A C Kirby

Mrs L Kirby

REGISTERED OFFICE:

McLay, McAlister & McGibbon

145 St. Vincent Street

Glasgow

G25JF

REGISTERED NUMBER:

SC203930 (Scotland)

ACCOUNTANTS:

McLay McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Tangible assets

4

1,437

-

CURRENT ASSETS

Stocks

10,500

-

Debtors

5

42,577

32,505

Cash at bank

20,191

69,468

73,268

101,973

CREDITORS

Amounts falling due within one year

6

(73,436

)

(81,826

)

NET CURRENT (LIABILITIES)/ASSETS

(168

)

20,147

TOTAL ASSETS LESS CURRENT LIABILITIES

1,269

20,147

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

1,149

20,027

SHAREHOLDERS' FUNDS

1,269

20,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2026 and were signed on its behalf by:

A C Kirby - Director

1.	STATUTORY INFORMATION

Elastic Creative Ltd is a private company, limited by shares , registered in Scotland. 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 in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

After making enquiries, the directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly the accounts continue to be prepared on the going concern basis.

Turnover

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Tangible fixed assets

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

Furniture & Office Equipment - 25% on cost

Government grants

Grants are credited to the profit and loss account of the period in which the conditions relating to the offer of grant are fulfilled.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2025

57,423

Additions

1,916

At 28 February 2026

59,339

DEPRECIATION

At 1 March 2025

57,423

Charge for year

479

At 28 February 2026

57,902

NET BOOK VALUE

At 28 February 2026

1,437

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade debtors

42,577

32,505

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Taxation and social security

20,343

21,153

Other creditors

53,093

60,673

73,436

81,826

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £1,500 (2025: £1,500) were paid to the directors.

Included in creditors is a loan due to the Directors of £38,560 (2025: £47,425) This loan is interest free and repayable on demand.