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Company Registration No. 11092588 (England and Wales)
THE CULTURAL ASSEMBLY LTD Unaudited accounts for the year ended 31 December 2022
THE CULTURAL ASSEMBLY LTD Unaudited accounts Contents
Page
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THE CULTURAL ASSEMBLY LTD Company Information for the year ended 31 December 2022
Director
Carl Johnson
Company Number
11092588 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
Accountants
AC Counts & Services Ltd Office 42 Imex Business Centre, Oxleasow Road Redditch Worcestershire B98 0RE
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THE CULTURAL ASSEMBLY LTD Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
348 
464 
Current assets
Debtors
2,420 
- 
Cash at bank and in hand
2,382 
13,827 
4,802 
13,827 
Creditors: amounts falling due within one year
(8,134)
(4,107)
Net current (liabilities)/assets
(3,332)
9,720 
Net (liabilities)/assets
(2,984)
10,184 
Reserves
Profit and loss account
(2,984)
10,184 
Members' funds
(2,984)
10,184 
For the year ending 31 December 2022 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 October 2023 and were signed on its behalf by
Carl Johnson Director Company Registration No. 11092588
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THE CULTURAL ASSEMBLY LTD Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
THE CULTURAL ASSEMBLY LTD is a private company, limited by guarantee, registered in England and Wales, registration number 11092588. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Straight Line Method
Going concern
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated his support will continue for the foreseeable future.
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THE CULTURAL ASSEMBLY LTD Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2022
580 
At 31 December 2022
580 
Depreciation
At 1 January 2022
116 
Charge for the year
116 
At 31 December 2022
232 
Net book value
At 31 December 2022
348 
At 31 December 2021
464 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,420 
- 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
718 
2,001 
Loans from directors
6,336 
1,026 
Accruals
1,080 
1,080 
8,134 
4,107 
7
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
8
Transactions with related parties
At the year end, there was a balance of £6,336 owed to director Mr Carl Johnson.
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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