Susan Higgs Creative Ltd - Filleted accounts

Registered number

10543519

Susan Higgs Creative Ltd

Filleted Accounts

31 January 2026

Susan Higgs Creative Ltd
Registered number:		10543519
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		1,427			867

Current assets
Stocks		163,254			78,887
Debtors	4	17,802			17,654
Cash at bank and in hand		-			8,501
		181,056			105,042

Creditors: amounts falling due within one year	5	(175,920)			(62,602)

Net current assets			5,136			42,440

Total assets less current liabilities			6,563			43,307

Creditors: amounts falling due after more than one year	6		-			(34,069)



Net assets			6,563			9,238

Capital and reserves
Called up share capital			1			1
Profit and loss account			6,562			9,237

Shareholder's funds			6,563			9,238

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Susan Higgs
Director
Approved by the board on 27 October 2026

Susan Higgs Creative Ltd
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	33% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 February 2025				4,184
	Additions				917
	At 31 January 2026				5,101

	Depreciation
	At 1 February 2025				3,317
	Charge for the year				357
	At 31 January 2026				3,674

	Net book value
	At 31 January 2026				1,427
	At 31 January 2025				867


4	Debtors		2026		2025
£				£

	Trade debtors		10,054		-
	Other debtors		7,748		17,654
			17,802		17,654


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Bank loans and overdrafts		83,631		6,359
	Trade creditors		199		-
	Taxation and social security costs		7,088		12,491
	Other creditors		85,002		43,752
			175,920		62,602


6	Creditors: amounts falling due after one year		2026		2025
£				£

	Bank loans		-		34,069


7	Other information

	Susan Higgs Creative Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	39 High Chase
	Newhall
	Harlow
	England
	CM17 9SA