Registered number
10668681
Backlash Creative Limited
Filleted Accounts
31 March 2023
Backlash Creative Limited
Registered number: 10668681
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 42,984 15,659
45,605 15,659
Current assets
Debtors 5 196,136 88,635
Cash at bank and in hand 67,388 387,302
263,524 475,937
Creditors: amounts falling due within one year 6 (141,836) (216,354)
Net current assets 121,688 259,583
Total assets less current liabilities 167,293 275,242
Creditors: amounts falling due after more than one year 7 (82,000) (49,000)
Net assets 85,293 226,242
Capital and reserves
Called up share capital 100 100
Profit and loss account 85,193 226,142
Shareholders' funds 85,293 226,242
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
A. Taylor
Director
Approved by the board on 20 September 2023
Backlash Creative Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Office equipment over 4 years
Debtors
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.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 14 10
3 Intangible fixed assets £
Stamp duty on commercial property
Cost
Additions 2,634
At 31 March 2023 2,634
Amortisation
Provided during the year 13
At 31 March 2023 13
Net book value
At 31 March 2023 2,621
At 31 March 2022 -
Stamp duty is being written off in equal annual instalments over its economic life of 5 years.
4 Tangible fixed assets
Office equipment Total
£ £
Cost
At 1 April 2022 23,861 23,861
Additions 34,854 34,854
At 31 March 2023 58,715 58,715
Depreciation
At 1 April 2022 8,202 8,202
Charge for the year 7,529 7,529
At 31 March 2023 15,731 15,731
Net book value
At 31 March 2023 42,984 42,984
At 31 March 2022 15,659 15,659
5 Debtors 2023 2022
£ £
Trade debtors 158,367 76,758
Other debtors 37,769 11,877
196,136 88,635
Amounts due after more than one year included above - -
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 22,500 10,500
Directors loan accounts 1,667 736
Trade creditors 16,487 27,687
Taxation and social security costs 98,839 174,676
Other creditors 2,343 2,755
141,836 216,354
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 82,000 49,000
82,000 49,000
8 Controlling party
The ultimate controlling parties are A Taylor, K Peake and J Barnes who are directors and shareholders.
9 Other information
Backlash Creative Limited is a private company limited by shares and incorporated in England. Its registered office is:
74-78 Middlesex Street
London
E1 7EZ
Backlash Creative Limited 10668681 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 A. Taylor No description of principal activity 10668681 2021-04-01 2022-03-31 10668681 core:WithinOneYear 2022-03-31 10668681 core:AfterOneYear 2022-03-31 10668681 core:ShareCapital 2022-03-31 10668681 core:RetainedEarningsAccumulatedLosses 2022-03-31 10668681 2022-04-01 2023-03-31 10668681 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10668681 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10668681 bus:Director40 2022-04-01 2023-03-31 10668681 1 2022-04-01 2023-03-31 10668681 2 2022-04-01 2023-03-31 10668681 core:Goodwill 2022-04-01 2023-03-31 10668681 core:PlantMachinery 2022-04-01 2023-03-31 10668681 countries:England 2022-04-01 2023-03-31 10668681 bus:FRS102 2022-04-01 2023-03-31 10668681 bus:FullAccounts 2022-04-01 2023-03-31 10668681 2023-03-31 10668681 core:WithinOneYear 2023-03-31 10668681 core:AfterOneYear 2023-03-31 10668681 core:ShareCapital 2023-03-31 10668681 core:RetainedEarningsAccumulatedLosses 2023-03-31 10668681 core:Goodwill 2023-03-31 10668681 core:PlantMachinery 2023-03-31 10668681 2022-03-31 10668681 core:Goodwill 2022-03-31 10668681 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure