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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
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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
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DIGITAL CULTURE LONDON LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,478 
9,533 
Current assets
Debtors
- 
8,415 
Cash at bank and in hand
39,555 
22,337 
39,555 
30,752 
Creditors: amounts falling due within one year
(27,731)
(34,977)
Net current assets/(liabilities)
11,824 
(4,225)
Net assets
20,302 
5,308 
Capital and reserves
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
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DIGITAL CULTURE LONDON LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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 
Additions
- 
1,368 
1,368 
At 31 October 2023
8,000 
4,868 
12,868 
Depreciation
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 
Net book value
At 31 October 2023
6,400 
2,078 
8,478 
At 31 October 2022
7,200 
2,333 
9,533 
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DIGITAL CULTURE LONDON LTD Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
8,415 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
271 
Taxes and social security
25,315 
15,975 
Loans from directors
1,616 
17,931 
Accruals
800 
800 
27,731 
34,977 
7
Loans to directors
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
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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