IRIS Accounts Production v23.4.0.336 14220635 director 7.7.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh142206352022-07-06142206352023-07-31142206352022-07-072023-07-31142206352022-07-0614220635ns15:EnglandWales2022-07-072023-07-3114220635ns14:PoundSterling2022-07-072023-07-3114220635ns10:Director12022-07-072023-07-3114220635ns10:PrivateLimitedCompanyLtd2022-07-072023-07-3114220635ns10:SmallEntities2022-07-072023-07-3114220635ns10:AuditExempt-NoAccountantsReport2022-07-072023-07-3114220635ns10:SmallCompaniesRegimeForDirectorsReport2022-07-072023-07-3114220635ns10:SmallCompaniesRegimeForAccounts2022-07-072023-07-3114220635ns10:FullAccounts2022-07-072023-07-3114220635ns10:RegisteredOffice2022-07-072023-07-3114220635ns5:CurrentFinancialInstruments2023-07-3114220635ns5:ShareCapital2023-07-3114220635ns5:RetainedEarningsAccumulatedLosses2023-07-3114220635ns5:FurnitureFittings2022-07-072023-07-3114220635ns5:ComputerEquipment2022-07-072023-07-3114220635ns5:FurnitureFittings2023-07-3114220635ns5:ComputerEquipment2023-07-3114220635ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-31
REGISTERED NUMBER: 14220635 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 7 JULY 2022 TO 31 JULY 2023

FOR

THE SOCIAL ART AGENCY LTD

THE SOCIAL ART AGENCY LTD (REGISTERED NUMBER: 14220635)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 JULY 2022 TO 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE SOCIAL ART AGENCY LTD

COMPANY INFORMATION
FOR THE PERIOD 7 JULY 2022 TO 31 JULY 2023







DIRECTOR: C E Bowes





REGISTERED OFFICE: Flat 2 60c Upper Tulse Hill
London
SW2 2RW





REGISTERED NUMBER: 14220635 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

THE SOCIAL ART AGENCY LTD (REGISTERED NUMBER: 14220635)

BALANCE SHEET
31 JULY 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 5,790

CURRENT ASSETS
Debtors 5 4,200
Cash at bank 1,509
5,709
CREDITORS
Amounts falling due within one year 6 11,348
NET CURRENT LIABILITIES (5,639 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

151

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 150
151

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 March 2024 and were signed by:





C E Bowes - Director


THE SOCIAL ART AGENCY LTD (REGISTERED NUMBER: 14220635)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 JULY 2022 TO 31 JULY 2023


1. STATUTORY INFORMATION

The Social Art Agency Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover represents the provision of management consulting services and is recognised upon completion of performance obligations.

Consultancy retainers
Turnover in respect of consultancy retainers is recognised on a straight line basis over the period the retainer relates to.

Commission receivable
Turnover in respect of commission receivable is recognised upon facilitation of the sale of artwork.

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 - 20% on cost
Office equipment - 20% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the period comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES

The average number of employees during the period was 1 .

THE SOCIAL ART AGENCY LTD (REGISTERED NUMBER: 14220635)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7 JULY 2022 TO 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
Additions 4,432 2,148 6,580
At 31 July 2023 4,432 2,148 6,580
DEPRECIATION
Charge for period 360 430 790
At 31 July 2023 360 430 790
NET BOOK VALUE
At 31 July 2023 4,072 1,718 5,790

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 4,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 7,674
Other creditors 3,674
11,348