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REGISTERED NUMBER: 11534551 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

COCREATE ART LTD

COCREATE ART LTD (REGISTERED NUMBER: 11534551)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COCREATE ART LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTOR: M B Philp





REGISTERED OFFICE: c/o CBHC Ltd, Steeple House
Suite 3, First Floor
Church Lane
Chelmsford
Essex
CM1 1NH





BUSINESS ADDRESS: 32 Crouch Green
Castle Hedingham
Essex
CO9 3DY





REGISTERED NUMBER: 11534551 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, Steeple House
Church Lane
Chelmsford
Essex
CM1 1NH

COCREATE ART LTD (REGISTERED NUMBER: 11534551)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 80,785 81,409

CURRENT ASSETS
Debtors 5 2,680 -
Cash at bank 1,078 2,498
3,758 2,498
CREDITORS
Amounts falling due within one year 6 (48,023 ) (21,753 )
NET CURRENT LIABILITIES (44,265 ) (19,255 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,520

62,154

CREDITORS
Amounts falling due after more than one year 7 (18,733 ) (29,249 )

PROVISIONS FOR LIABILITIES (15,349 ) (15,468 )
NET ASSETS 2,438 17,437

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,338 17,337
2,438 17,437

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

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

The director acknowledges his 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.

COCREATE ART LTD (REGISTERED NUMBER: 11534551)

BALANCE SHEET - continued
31ST OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st July 2024 and were signed by:





M B Philp - Director


COCREATE ART LTD (REGISTERED NUMBER: 11534551)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023


1. STATUTORY INFORMATION

Cocreate Art 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.

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.

Tangible fixed assets
Plant and machinery etc - 25% on cost, 25% on reducing balance and 10% on cost
Leasehold - 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

COCREATE ART LTD (REGISTERED NUMBER: 11534551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 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 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st November 2022 3,712 99,547 103,259
Additions - 12,664 12,664
At 31st October 2023 3,712 112,211 115,923
DEPRECIATION
At 1st November 2022 550 21,300 21,850
Charge for year 371 12,917 13,288
At 31st October 2023 921 34,217 35,138
NET BOOK VALUE
At 31st October 2023 2,791 77,994 80,785
At 31st October 2022 3,162 78,247 81,409

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
Additions 4,928
At 31st October 2023 4,928
DEPRECIATION
Charge for year 493
At 31st October 2023 493
NET BOOK VALUE
At 31st October 2023 4,435

COCREATE ART LTD (REGISTERED NUMBER: 11534551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,680 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 26,020 11,400
Trade creditors 480 -
Taxation and social security 15,218 5,645
Other creditors 6,305 4,708
48,023 21,753

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 17,055 29,249
Other creditors 1,678 -
18,733 29,249

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the director was owed £953 by the company (2022: £1,659).

9. RELATED PARTY DISCLOSURES

During the period, CoCreate Holdings Ltd acquired 100% of the share capital of CoCreate Art Ltd, a company under similar ownership.