Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-316true6No description of principal activity2022-06-01falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03447261 2022-06-01 2023-05-31 03447261 2021-06-01 2022-05-31 03447261 2023-05-31 03447261 2022-05-31 03447261 c:Director1 2022-06-01 2023-05-31 03447261 d:Buildings d:ShortLeaseholdAssets 2022-06-01 2023-05-31 03447261 d:Buildings d:ShortLeaseholdAssets 2023-05-31 03447261 d:Buildings d:ShortLeaseholdAssets 2022-05-31 03447261 d:PlantMachinery 2022-06-01 2023-05-31 03447261 d:PlantMachinery 2023-05-31 03447261 d:PlantMachinery 2022-05-31 03447261 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 03447261 d:FurnitureFittings 2022-06-01 2023-05-31 03447261 d:FurnitureFittings 2023-05-31 03447261 d:FurnitureFittings 2022-05-31 03447261 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 03447261 d:OfficeEquipment 2022-06-01 2023-05-31 03447261 d:OfficeEquipment 2023-05-31 03447261 d:OfficeEquipment 2022-05-31 03447261 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 03447261 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 03447261 d:Goodwill 2023-05-31 03447261 d:Goodwill 2022-05-31 03447261 d:CurrentFinancialInstruments 2023-05-31 03447261 d:CurrentFinancialInstruments 2022-05-31 03447261 d:Non-currentFinancialInstruments 2023-05-31 03447261 d:Non-currentFinancialInstruments 2022-05-31 03447261 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 03447261 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 03447261 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 03447261 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 03447261 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 03447261 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-05-31 03447261 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 03447261 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 03447261 d:ShareCapital 2023-05-31 03447261 d:ShareCapital 2022-05-31 03447261 d:RetainedEarningsAccumulatedLosses 2023-05-31 03447261 d:RetainedEarningsAccumulatedLosses 2022-05-31 03447261 c:OrdinaryShareClass1 2022-06-01 2023-05-31 03447261 c:OrdinaryShareClass1 2023-05-31 03447261 c:OrdinaryShareClass1 2022-05-31 03447261 c:FRS102 2022-06-01 2023-05-31 03447261 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 03447261 c:FullAccounts 2022-06-01 2023-05-31 03447261 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 03447261 2 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03447261










TILLING CREATIVE GROUP LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
TILLING CREATIVE GROUP LIMITED
REGISTERED NUMBER: 03447261

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
57,010
63,871

  
57,010
63,871

Current assets
  

Debtors: amounts falling due within one year
 6 
163,543
39,048

Cash at bank and in hand
 7 
2,069
2,068

  
165,612
41,116

Creditors: amounts falling due within one year
 8 
(272,290)
(159,583)

Net current liabilities
  
 
 
(106,678)
 
 
(118,467)

Total assets less current liabilities
  
(49,668)
(54,596)

Creditors: amounts falling due after more than one year
 9 
(133,798)
(176,829)

  

Net liabilities
  
(183,466)
(231,425)


Capital and reserves
  

Called up share capital 
 11 
80
80

Profit and loss account
  
(183,546)
(231,505)

  
(183,466)
(231,425)


Page 1

 
TILLING CREATIVE GROUP LIMITED
REGISTERED NUMBER: 03447261
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 November 2023.




C R Tilling
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
TILLING CREATIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Tilling Creative Group Limited is a company domiciled in England and Wales, registration number 03447261. The registered office is 76 Upper North Street, Brighton, East Sussex, BN1 3FL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
TILLING CREATIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Leasehold improvements
-
10%
Straight Line
Editing equipment
-
10%
Reducing balance
Fixtures and fittings
-
20%
Straight Line
Office equipment
-
20%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
TILLING CREATIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).


4.


Intangible assets




Goodwill

£



Cost


At 1 June 2022
14,000



At 31 May 2023

14,000



Amortisation


At 1 June 2022
14,000



At 31 May 2023

14,000



Net book value



At 31 May 2023
-



At 31 May 2022
-



Page 5

 
TILLING CREATIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Tangible fixed assets





Leasehold Improvements
Plant & machinery
Fixtures & fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 June 2022
9,849
344,767
50,600
56,502
461,718


Additions
-
-
-
1,393
1,393


Disposals
(9,849)
-
(50,600)
(47,066)
(107,515)



At 31 May 2023

-
344,767
-
10,829
355,596



Depreciation


At 1 June 2022
9,849
283,322
50,600
54,076
397,847


Charge for the year on owned assets
-
6,145
-
2,109
8,254


Disposals
(9,849)
-
(50,600)
(47,066)
(107,515)



At 31 May 2023

-
289,467
-
9,119
298,586



Net book value



At 31 May 2023
-
55,300
-
1,710
57,010



At 31 May 2022
-
61,445
-
2,426
63,871


6.


Debtors

2023
2022
£
£


Trade debtors
152,020
12,725

Other debtors
6,324
26,323

Prepayments and accrued income
5,199
-

163,543
39,048


Page 6

 
TILLING CREATIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,069
2,068

Less: bank overdrafts
(32,229)
(24,612)

(30,160)
(22,544)



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
32,229
24,612

Bank loans
43,982
43,982

Trade creditors
64,105
19,435

Other taxation and social security
42,492
22,688

Other creditors
75,717
43,533

Accruals and deferred income
13,765
5,333

272,290
159,583



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
133,798
176,829

133,798
176,829


Page 7

 
TILLING CREATIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
43,982
43,982


43,982
43,982

Amounts falling due 1-2 years

Bank loans
86,576
87,964


86,576
87,964

Amounts falling due 2-5 years

Bank loans
47,223
88,865


47,223
88,865


177,781
220,811



11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



80 (2022 - 80) Ordinary shares of £1.00 each
80
80


 
Page 8