CREATIVE HIRE LIMITED

CREATIVE HIRE LIMITED - Company Information

2022-01-012022-12-312022-12-31false07462400CREATIVE HIRE LIMITED2023-09-0477390iso4217:GBPxbrli:pure074624002022-01-01074624002022-12-31074624002022-01-012022-12-31074624002021-01-01074624002021-12-31074624002021-01-012021-12-3107462400bus:SmallEntities2022-01-012022-12-3107462400bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3107462400bus:FullAccounts2022-01-012022-12-3107462400bus:PrivateLimitedCompanyLtd2022-01-012022-12-3107462400core:WithinOneYear2022-12-3107462400core:AfterOneYear2022-12-3107462400core:WithinOneYear2021-12-3107462400core:AfterOneYear2021-12-3107462400core:ShareCapital2022-12-3107462400core:SharePremium2022-12-3107462400core:RevaluationReserve2022-12-3107462400core:OtherReservesSubtotal2022-12-3107462400core:RetainedEarningsAccumulatedLosses2022-12-3107462400core:ShareCapital2021-12-3107462400core:SharePremium2021-12-3107462400core:RevaluationReserve2021-12-3107462400core:OtherReservesSubtotal2021-12-3107462400core:RetainedEarningsAccumulatedLosses2021-12-3107462400core:LandBuildings2022-12-3107462400core:PlantMachinery2022-12-3107462400core:Vehicles2022-12-3107462400core:FurnitureFittings2022-12-3107462400core:OfficeEquipment2022-12-3107462400core:NetGoodwill2022-12-3107462400core:IntangibleAssetsOtherThanGoodwill2022-12-3107462400core:ListedExchangeTraded2022-12-3107462400core:UnlistedNon-exchangeTraded2022-12-3107462400core:LandBuildings2021-12-3107462400core:PlantMachinery2021-12-3107462400core:Vehicles2021-12-3107462400core:FurnitureFittings2021-12-3107462400core:OfficeEquipment2021-12-3107462400core:NetGoodwill2021-12-3107462400core:IntangibleAssetsOtherThanGoodwill2021-12-3107462400core:ListedExchangeTraded2021-12-3107462400core:UnlistedNon-exchangeTraded2021-12-3107462400core:LandBuildings2022-01-012022-12-3107462400core:PlantMachinery2022-01-012022-12-3107462400core:Vehicles2022-01-012022-12-3107462400core:FurnitureFittings2022-01-012022-12-3107462400core:OfficeEquipment2022-01-012022-12-3107462400core:NetGoodwill2022-01-012022-12-3107462400core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3107462400core:ListedExchangeTraded2022-01-012022-12-3107462400core:UnlistedNon-exchangeTraded2022-01-012022-12-3107462400core:MoreThanFiveYears2022-01-012022-12-3107462400core:Non-currentFinancialInstruments2022-12-3107462400core:Non-currentFinancialInstruments2021-12-3107462400dpl:CostSales2022-01-012022-12-3107462400dpl:DistributionCosts2022-01-012022-12-3107462400dpl:AdministrativeExpenses2022-01-012022-12-3107462400core:LandBuildings2022-01-012022-12-3107462400core:PlantMachinery2022-01-012022-12-3107462400core:Vehicles2022-01-012022-12-3107462400core:FurnitureFittings2022-01-012022-12-3107462400core:OfficeEquipment2022-01-012022-12-3107462400core:NetGoodwill2022-01-012022-12-3107462400core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3107462400dpl:GroupUndertakings2022-01-012022-12-3107462400dpl:ParticipatingInterests2022-01-012022-12-3107462400dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3107462400core:ListedExchangeTraded2022-01-012022-12-3107462400dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3107462400core:UnlistedNon-exchangeTraded2022-01-012022-12-3107462400dpl:CostSales2021-01-012021-12-3107462400dpl:DistributionCosts2021-01-012021-12-3107462400dpl:AdministrativeExpenses2021-01-012021-12-3107462400core:LandBuildings2021-01-012021-12-3107462400core:PlantMachinery2021-01-012021-12-3107462400core:Vehicles2021-01-012021-12-3107462400core:FurnitureFittings2021-01-012021-12-3107462400core:OfficeEquipment2021-01-012021-12-3107462400core:NetGoodwill2021-01-012021-12-3107462400core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3107462400dpl:GroupUndertakings2021-01-012021-12-3107462400dpl:ParticipatingInterests2021-01-012021-12-3107462400dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3107462400core:ListedExchangeTraded2021-01-012021-12-3107462400dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3107462400core:UnlistedNon-exchangeTraded2021-01-012021-12-3107462400core:NetGoodwill2022-12-3107462400core:IntangibleAssetsOtherThanGoodwill2022-12-3107462400core:LandBuildings2022-12-3107462400core:PlantMachinery2022-12-3107462400core:Vehicles2022-12-3107462400core:FurnitureFittings2022-12-3107462400core:OfficeEquipment2022-12-3107462400core:AfterOneYear2022-12-3107462400core:WithinOneYear2022-12-3107462400core:ListedExchangeTraded2022-12-3107462400core:UnlistedNon-exchangeTraded2022-12-3107462400core:ShareCapital2022-12-3107462400core:SharePremium2022-12-3107462400core:RevaluationReserve2022-12-3107462400core:OtherReservesSubtotal2022-12-3107462400core:RetainedEarningsAccumulatedLosses2022-12-3107462400core:NetGoodwill2021-12-3107462400core:IntangibleAssetsOtherThanGoodwill2021-12-3107462400core:LandBuildings2021-12-3107462400core:PlantMachinery2021-12-3107462400core:Vehicles2021-12-3107462400core:FurnitureFittings2021-12-3107462400core:OfficeEquipment2021-12-3107462400core:AfterOneYear2021-12-3107462400core:WithinOneYear2021-12-3107462400core:Liste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Registered Number
07462400
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

CREATIVE HIRE LIMITED

Company Information
for the year from 1 January 2022 to 31 December 2022


Directors	ASTON-LEVENE, Adam
	BRITTON, Wesley Arron


Registered Address	2-3 Arley Industrial Park Colliers Way
	Arley
	Coventry
	CV7 8HN


Registered Number	07462400 (England and Wales)

CREATIVE HIRE LIMITED

Statement of Financial Position
31 December 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	5		1,029,207		937,652
			1,029,207		937,652
Current assets
Debtors	6	1,838,138		1,856,937
Cash at bank and on hand		228,086		17,249
		2,066,224		1,874,186
Creditors amounts falling due within one year	7	(1,174,835)		(1,885,661)
Net current assets (liabilities)			891,389		(11,475)
Total assets less current liabilities			1,920,596		926,177
Creditors amounts falling due after one year	8		(470,840)		(383,333)
Provisions for liabilities	10		(43,507)		(43,507)
Net assets			1,406,249		499,337
Capital and reserves
Called up share capital			2		2
Profit and loss account			1,406,247		499,335
Shareholders' funds			1,406,249		499,337

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 4 September 2023, and are signed on its behalf by:

ASTON-LEVENE, Adam
Director
Registered Company No. 07462400

CREATIVE HIRE LIMITED

Notes to the Financial Statements
for the year ended 31 December 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Revenue recognition policy
	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.

Revenue recognition policy

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.

	Deferred tax policy
	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.

Deferred tax policy

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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2022		2021
	Average number of employees during the year	40		32

5.	Property, plant and equipment

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 01 January 22	330,791	1,598,379	64,538	31,107	2,024,815
Additions	-	50,090	226,000	-	276,090
Disposals	-	(3,750)	-	-	(3,750)
At 31 December 22	330,791	1,644,719	290,538	31,107	2,297,155
Depreciation and impairment
At 01 January 22	103,016	915,313	52,429	16,405	1,087,163
Charge for year	22,777	109,973	47,622	2,205	182,577
On disposals	-	(1,792)	-	-	(1,792)
At 31 December 22	125,793	1,023,494	100,051	18,610	1,267,948
Net book value
At 31 December 22	204,998	621,225	190,487	12,497	1,029,207
At 31 December 21	227,775	683,066	12,109	14,702	937,652

6.	Debtors

	2022	2021
	£	£
Trade debtors / trade receivables	682,003	706,138
Other debtors	1,156,135	1,150,799
Total	1,838,138	1,856,937


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

7.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	142,500	888,592
Taxation and social security	824,818	727,416
Other creditors	61,232	267,541
Accrued liabilities and deferred income	146,285	2,112
Total	1,174,835	1,885,661


	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.

8.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	275,000	383,333
Other creditors	195,840	-
Total	470,840	383,333

9.	Finance lease and HP contracts after one year

		2022		2021
		£		£
	Finance lease and HP contracts	195,840		-

10.	Provisions for liabilities

	2022	2021
	£	£
Net deferred tax liability (asset)	43,507	43,507
Total	43,507	43,507