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REGISTERED NUMBER: 11715650 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Creatilogic Culture Media Limited

Creatilogic Culture Media Limited (Registered number: 11715650)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Creatilogic Culture Media Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: S Chen
T Yang





REGISTERED OFFICE: Office 4
39a Markfield Road
Seven Sisters
London
N15 4QA





REGISTERED NUMBER: 11715650 (England and Wales)





ACCOUNTANTS: GiLon
Chartered Certified Accountants
6 Chislett Row
Chelmsford
Essex
CM2 9QS

Creatilogic Culture Media Limited (Registered number: 11715650)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,975 19,217

CURRENT ASSETS
Debtors 5 25,023 130,405
Cash at bank 12,272 -
37,295 130,405
CREDITORS
Amounts falling due within one year 6 249,269 263,968
NET CURRENT LIABILITIES (211,974 ) (133,563 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(189,999

)

(114,346

)

CREDITORS
Amounts falling due after more than one year 7 44,048 45,833
NET LIABILITIES (234,047 ) (160,179 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (234,147 ) (160,279 )
SHAREHOLDERS' FUNDS (234,047 ) (160,179 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Creatilogic Culture Media Limited (Registered number: 11715650)

Balance Sheet - continued
31 July 2023


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 Board of Directors and authorised for issue on 9 February 2024 and were signed on its behalf by:




S Chen - Director



T Yang - Director


Creatilogic Culture Media Limited (Registered number: 11715650)

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

1. STATUTORY INFORMATION

Creatilogic Culture Media 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.

Going concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operation for the foreseeable future. The directors, who are the major creditors have confirmed that they will continue to make such funds as are needed by the company and in particular will not seek repayment of the amounts currently made available that would otherwise place the company in insolvency.

Based on this undertaking the directors believe that the company will have sufficient resources to enable it to continue normal trading operations for a period of at least twelve months from the date of approval of these financial statements, and therefore it is appropriate to prepare the financial statements on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred 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 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Creatilogic Culture Media Limited (Registered number: 11715650)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 23,778
Additions 10,601
At 31 July 2023 34,379
DEPRECIATION
At 1 August 2022 4,561
Charge for year 7,843
At 31 July 2023 12,404
NET BOOK VALUE
At 31 July 2023 21,975
At 31 July 2022 19,217

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 22,319 76,529
Other debtors 2,704 53,876
25,023 130,405

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 5,952 4,167
Taxation and social security 5,243 6,134
Other creditors 238,074 253,667
249,269 263,968

Creatilogic Culture Media Limited (Registered number: 11715650)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 44,048 45,833

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 50,000 50,000

The bank loan is supported by a guarantee from the UK Government to the bank under the Bounce Back Loan Scheme.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary 1 100 100

The 100 issued Ordinary shares were owned by T Yang 50 (2022 - 50) and S Chen 50 (2022 - 50).

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those company in an independently administered fund. The pension cost charge represents contribution payable by the company to the fund and amounted to £2,411 (2022 - £1,927). £427 (2022 - £287) were payable at the balance sheet date.

11. RELATED PARTY DISCLOSURES

At the balance sheet date, the balance due to the director, S Chen was £171,111 (2022 - £176,544), and T Yang was £66,296 (2022 - £66,296).