REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 7 JULY 2022 TO 31 JULY 2023 |
FOR |
THE SOCIAL ART AGENCY LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Fixtures and fittings | - |
Office equipment | - |
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 |
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 |
At 31 July 2023 |
DEPRECIATION |
Charge for period |
At 31 July 2023 |
NET BOOK VALUE |
At 31 July 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Taxation and social security |
Other creditors |