Company Registration No. 13660856 (England and Wales)
DIGITAL CULTURE LONDON LTD
Unaudited accounts
for the year ended 31 October 2023
DIGITAL CULTURE LONDON LTD
Unaudited accounts
Contents
DIGITAL CULTURE LONDON LTD
Company Information
for the year ended 31 October 2023
Directors
Tom Ford
Harry Kirk
Company Number
13660856 (England and Wales)
Registered Office
167-169 GREAT PORTLAND STREET
5TH FLOOR
LONDON
W1W 5PF
UNITED KINGDOM
Accountants
Space Advisory and Accountancy Limited
19 Malago Drive
Bristol
BS3 5DR
DIGITAL CULTURE LONDON LTD
Statement of financial position
as at 31 October 2023
Tangible assets
8,478
9,533
Cash at bank and in hand
39,555
22,337
Creditors: amounts falling due within one year
(27,731)
(34,977)
Net current assets/(liabilities)
11,824
(4,225)
Called up share capital
2
2
Profit and loss account
20,300
5,306
Shareholders' funds
20,302
5,308
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by
Harry Kirk
Director
Company Registration No. 13660856
DIGITAL CULTURE LONDON LTD
Notes to the Accounts
for the year ended 31 October 2023
DIGITAL CULTURE LONDON LTD is a private company, limited by shares, registered in England and Wales, registration number 13660856. The registered office is 167-169 GREAT PORTLAND STREET, 5TH FLOOR, LONDON, W1W 5PF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 years straight line
Computer equipment
3 years straight line
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
8,000
3,500
11,500
At 31 October 2023
8,000
4,868
12,868
At 1 November 2022
800
1,167
1,967
Charge for the year
800
1,623
2,423
At 31 October 2023
1,600
2,790
4,390
At 31 October 2023
6,400
2,078
8,478
At 31 October 2022
7,200
2,333
9,533
DIGITAL CULTURE LONDON LTD
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
25,315
15,975
Loans from directors
1,616
17,931
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan
(11,116)
58,043
50,970
(4,043)
Directors loan
(6,815)
60,212
50,970
2,427
(17,931)
118,255
101,940
(1,616)
Interest on overdrawn loan is charged in line with H M Revenue & Customs guidance
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Average number of employees
During the year the average number of employees was 2 (2022: 2).