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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
Page
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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
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Culture Beat Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,782 
14,728 
Current assets
Debtors
70,992 
77,256 
Cash at bank and in hand
(12,293)
(11,251)
58,699 
66,005 
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 
Capital and reserves
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
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Culture Beat Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 31 October 2023
3,867 
7,915 
11,782 
At 31 October 2022
4,834 
9,894 
14,728 
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Culture Beat Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
6,406 
10,028 
Trade debtors
56,064 
55,698 
Deferred tax asset
8,410 
586 
Other debtors
112 
10,944 
70,992 
77,256 
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)
58,182 
(87)
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
48,333 
79,533 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Branimir Braykov
Director's Loan
8,727 
15,350 
20,532 
3,545 
Nina Dimitrova
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).
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