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REGISTERED NUMBER: 11618123 (England and Wales)






















Unaudited Financial Statements

for the Period

1 November 2020 to 31 March 2022

for

Privacy Culture Limited

Privacy Culture Limited (Registered number: 11618123)






Contents of the Financial Statements
for the Period 1 November 2020 to 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Privacy Culture Limited

Company Information
for the Period 1 November 2020 to 31 March 2022







DIRECTORS: S Wright
V Guilloit
A J A Cole





REGISTERED OFFICE: 15 Newland
Lincoln
Lincolnshire
LN1 1XG





REGISTERED NUMBER: 11618123 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Privacy Culture Limited (Registered number: 11618123)

Balance Sheet
31 March 2022

2022 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,869 5,226

CURRENT ASSETS
Debtors 5 175,035 91,663
Cash at bank and in hand 80,104 20,406
255,139 112,069
CREDITORS
Amounts falling due within one year 6 225,927 76,369
NET CURRENT ASSETS 29,212 35,700
TOTAL ASSETS LESS CURRENT LIABILITIES 34,081 40,926

CREDITORS
Amounts falling due after more than one year 7 92,553 40,000
NET (LIABILITIES)/ASSETS (58,472 ) 926

CAPITAL AND RESERVES
Called up share capital 9 107 100
Share premium 10 74,994 -
Retained earnings 10 (133,573 ) 826
(58,472 ) 926

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2022 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 1 September 2022 and were signed on its behalf by:





S Wright - Director


Privacy Culture Limited (Registered number: 11618123)

Notes to the Financial Statements
for the Period 1 November 2020 to 31 March 2022

1. STATUTORY INFORMATION

Privacy Culture Limited 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 13 (2020 - 2 ) .

Privacy Culture Limited (Registered number: 11618123)

Notes to the Financial Statements - continued
for the Period 1 November 2020 to 31 March 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2020 3,723 3,676 7,399
Additions 480 1,675 2,155
At 31 March 2022 4,203 5,351 9,554
DEPRECIATION
At 1 November 2020 1,254 919 2,173
Charge for period 919 1,593 2,512
At 31 March 2022 2,173 2,512 4,685
NET BOOK VALUE
At 31 March 2022 2,030 2,839 4,869
At 31 October 2020 2,469 2,757 5,226

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2020
£    £   
Trade debtors 122,006 63,770
Other debtors 53,029 27,893
175,035 91,663

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2020
£    £   
Bank loans and overdrafts 21,481 -
Trade creditors 37,542 25,921
Tax - 14,203
Social security and other taxes 15,437 -
VAT 30,964 31,283
Other creditors 3,092 540
Directors' current accounts 708 -
Deferred income 35,853 -
Accrued expenses 5,850 4,422
Funds for subscription to
equity 75,000 -
225,927 76,369

Funds for subscription to equity of £75,000 relates to amounts received in advance of the year end for shares issued on 13 May 2022. Further details are included in note 15 to the accounts.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2020
£    £   
Bank loans - 2-5 years 92,553 40,000

Privacy Culture Limited (Registered number: 11618123)

Notes to the Financial Statements - continued
for the Period 1 November 2020 to 31 March 2022

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2020
£    £   
Bank loans 113,545 40,000

9. CALLED UP SHARE CAPITAL

During the year one Ordinary share and 6,080 Ordinary B were issued and a sub-division and re-classification of shares had taken place to create new share classes with a final position as follows:

Allotted, issued and fully paid:

Number: Class: Nominal 2022 2020
value: £ £
100 Ordinary 1.00 - 100
68,000 Ordinary 0.001 68 -
33,000 Ordinary A 0.001 33 -
6,080 Ordinary B 0.001 6 -
107 100

An additional 6,081 Ordinary B shares were issued on 13 May 2022 as referred to in Note 15 to the accounts.

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 November 2020 826 - 826
Deficit for the period (134,399 ) (134,399 )
Cash share issue - 74,994 74,994
At 31 March 2022 (133,573 ) 74,994 (58,579 )

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2022 and the year ended 31 October 2020:

2022 2020
£    £   
S Wright
Balance outstanding at start of period 27,892 -
Amounts advanced 63,542 84,027
Amounts repaid (468 ) (56,135 )
Amounts written off (88,643 ) -
Amounts waived - -
Balance outstanding at end of period 2,323 27,892

12. POST BALANCE SHEET EVENTS

An additional 6,081 Ordinary B shares were issued on 13 May 2022. Funds for this share subscription were received in advance of the year end as referred to in note 9.