Company Registration No. 08739091 (England and Wales)
Culture Beat Ltd
Unaudited accounts
for the year ended 31 October 2023
Culture Beat Ltd
Unaudited accounts
Contents
Culture Beat Ltd
Company Information
for the year ended 31 October 2023
Directors
Branimir Braykov
Nina Dimitrova
Company Number
08739091 (England and Wales)
Registered Office
37 CALBOURNE AVENUE
HORNCHURCH
RM12 5BH
ENGLAND
Accountants
Mayflower Accountancy & Tax Limited
10 Alma Farm Road
Toddington
Dunstable
Bedfordshire
LU5 6BG
Culture Beat Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
11,782
14,728
Cash at bank and in hand
(12,293)
(11,251)
Creditors: amounts falling due within one year
(58,182)
87
Net current assets
517
66,092
Total assets less current liabilities
12,299
80,820
Creditors: amounts falling due after more than one year
(48,333)
(79,533)
Net (liabilities)/assets
(36,034)
1,287
Called up share capital
1
1
Profit and loss account
(36,035)
1,286
Shareholders' funds
(36,034)
1,287
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 31 July 2024 and were signed on its behalf by
Branimir Braykov
Director
Company Registration No. 08739091
Culture Beat Ltd
Notes to the Accounts
for the year ended 31 October 2023
Culture Beat Ltd is a private company, limited by shares, registered in England and Wales, registration number 08739091. The registered office is 37 CALBOURNE AVENUE, HORNCHURCH, RM12 5BH, ENGLAND.
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.
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:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
13,141
30,190
43,331
At 31 October 2023
13,141
30,190
43,331
At 1 November 2022
8,307
20,296
28,603
Charge for the year
967
1,979
2,946
At 31 October 2023
9,274
22,275
31,549
At 31 October 2023
3,867
7,915
11,782
At 31 October 2022
4,834
9,894
14,728
Culture Beat Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
56,064
55,698
Deferred tax asset
8,410
586
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
38,619
20,000
Trade creditors
11,975
1,994
Taxes and social security
12,293
(8,428)
Other creditors
6,479
7,845
Loans from directors
(11,184)
(21,498)
7
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
8,727
15,350
20,532
3,545
Director's Loan
12,771
15,400
20,532
7,639
21,498
30,750
41,064
11,184
On 31 October 2023, the company made two interest-free loans totalling £11,184 to the Directors. The loan is unsecured, interest-free, and repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).