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REGISTERED NUMBER: 04820515 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Kubiak Creative Limited

Kubiak Creative Limited (Registered number: 04820515)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kubiak Creative Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: C A Pratt
Mrs N T S Kubiak-Philip





REGISTERED OFFICE: 1 Farleigh Court
Old Weston Road
Flax Bourton
Bristol
BS48 1UR





REGISTERED NUMBER: 04820515 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Kubiak Creative Limited (Registered number: 04820515)

Statement of Financial Position
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 25,395 32,643
25,395 32,643

CURRENT ASSETS
Debtors 6 49,674 93,425
Cash at bank and in hand 348,735 325,201
398,409 418,626
CREDITORS
Amounts falling due within one year 7 70,577 86,311
NET CURRENT ASSETS 327,832 332,315
TOTAL ASSETS LESS CURRENT
LIABILITIES

353,227

364,958

PROVISIONS FOR LIABILITIES 5,397 6,197
NET ASSETS 347,830 358,761

Kubiak Creative Limited (Registered number: 04820515)

Statement of Financial Position - continued
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 100 100
Retained earnings 347,630 358,561
SHAREHOLDERS' FUNDS 347,830 358,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 13 February 2024 and were signed on its behalf by:





C A Pratt - Director


Kubiak Creative Limited (Registered number: 04820515)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Kubiak Creative 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 represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Kubiak Creative Limited (Registered number: 04820515)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like cash and bank balances, trade debtors and creditors, bank overdrafts, finance leases and hire purchase contracts.

A financial asset or financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss immediately.

Any reversals of impairment are recognised in the profit and loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Kubiak Creative Limited (Registered number: 04820515)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

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 year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 90,400
AMORTISATION
At 1 September 2022
and 31 August 2023 90,400
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 15,150 50,049 53,009 118,208
DEPRECIATION
At 1 September 2022 14,479 31,141 39,945 85,565
Charge for year 101 2,836 4,311 7,248
At 31 August 2023 14,580 33,977 44,256 92,813
NET BOOK VALUE
At 31 August 2023 570 16,072 8,753 25,395
At 31 August 2022 671 18,908 13,064 32,643

Kubiak Creative Limited (Registered number: 04820515)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 37,789 81,389
Other debtors 11,885 12,036
49,674 93,425

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 1,293 14,484
Taxation and social security 56,361 59,031
Other creditors 12,923 12,796
70,577 86,311

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £124,100 (2022 - £159,100) were paid to the directors .

During the year the company paid rent of £28,125 (2022 - £27,500) in to a pension scheme that Mr C A Pratt director had a 100% interest in.


Mr C A Pratt
Director 2023 2022

Capital introduced/(withdrawn) (1 ) 55

At the year end the company owed the director £56 (2022: £57).


Mrs N T S Kubiak-Philip
Director 2023 2022

Capital introduced/(withdrawn) 224 (261 )

At the year end the company owed the director £231 (2022: £7).

9. ULTIMATE CONTROLLING PARTY

The controlling party is C A Pratt.