Acorah Software Products - Accounts Production 15.0.400 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08821943 Mrs Nitzan Regev-Sanders Mr Konrad Sanders iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08821943 2022-12-31 08821943 2023-12-31 08821943 2023-01-01 2023-12-31 08821943 frs-core:CurrentFinancialInstruments 2023-12-31 08821943 frs-core:Non-currentFinancialInstruments 2023-12-31 08821943 frs-core:ComputerEquipment 2023-12-31 08821943 frs-core:ComputerEquipment 2023-01-01 2023-12-31 08821943 frs-core:ComputerEquipment 2022-12-31 08821943 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 08821943 frs-core:FurnitureFittings 2023-12-31 08821943 frs-core:FurnitureFittings 2023-01-01 2023-12-31 08821943 frs-core:FurnitureFittings 2022-12-31 08821943 frs-core:OtherResidualIntangibleAssets 2023-12-31 08821943 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 08821943 frs-core:OtherResidualIntangibleAssets 2022-12-31 08821943 frs-core:PlantMachinery 2023-12-31 08821943 frs-core:PlantMachinery 2023-01-01 2023-12-31 08821943 frs-core:PlantMachinery 2022-12-31 08821943 frs-core:ShareCapital 2023-12-31 08821943 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08821943 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08821943 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08821943 frs-bus:SmallEntities 2023-01-01 2023-12-31 08821943 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08821943 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08821943 frs-bus:Director1 2023-01-01 2023-12-31 08821943 frs-bus:Director1 2022-12-31 08821943 frs-bus:Director1 2023-12-31 08821943 frs-bus:Director2 2023-01-01 2023-12-31 08821943 frs-bus:Director2 2022-12-31 08821943 frs-bus:Director2 2023-12-31 08821943 frs-countries:EnglandWales 2023-01-01 2023-12-31 08821943 2021-12-31 08821943 2022-12-31 08821943 2022-01-01 2022-12-31 08821943 frs-core:CurrentFinancialInstruments 2022-12-31 08821943 frs-core:Non-currentFinancialInstruments 2022-12-31 08821943 frs-core:ShareCapital 2022-12-31 08821943 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08821943
The Creative Marketer Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
MAP ACCOUNTANTS LTD
16 Blackfriars Street
Manchester
M3 5BQ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08821943
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 135 270
Tangible Assets 5 7,604 9,175
7,739 9,445
CURRENT ASSETS
Debtors 6 235,245 241,835
Cash at bank and in hand 731,941 617,130
967,186 858,965
Creditors: Amounts Falling Due Within One Year 7 (137,339 ) (117,863 )
NET CURRENT ASSETS (LIABILITIES) 829,847 741,102
TOTAL ASSETS LESS CURRENT LIABILITIES 837,586 750,547
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,471 ) (1,795 )
NET ASSETS 836,115 748,752
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 836,015 748,652
SHAREHOLDERS' FUNDS 836,115 748,752
Page 1
Page 2
For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Nitzan Regev-Sanders
Director
27th June 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Creative Marketer Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08821943 . The registered office is 6 Franklin Place, London, SE13 7ES.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over its estimated economic life of four years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% SL
Fixtures & Fittings 20% SL
Computer Equipment 25% SL
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2022: 14)
16 14
4. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 January 2023 540
As at 31 December 2023 540
Amortisation
As at 1 January 2023 270
Provided during the period 135
As at 31 December 2023 405
Net Book Value
As at 31 December 2023 135
As at 1 January 2023 270
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 1,726 4,785 9,788 16,299
Additions 183 - 2,256 2,439
Disposals - - (1,394 ) (1,394 )
As at 31 December 2023 1,909 4,785 10,650 17,344
Depreciation
As at 1 January 2023 262 2,452 4,410 7,124
Provided during the period 462 957 2,591 4,010
Disposals - - (1,394 ) (1,394 )
As at 31 December 2023 724 3,409 5,607 9,740
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 December 2023 1,185 1,376 5,043 7,604
As at 1 January 2023 1,464 2,333 5,378 9,175
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 199,555 220,420
Prepayments and accrued income 20,308 8,414
Other debtors 1,200 3,700
Other taxes and social security - 2
Directors' loan accounts 6,083 -
227,146 232,536
Due after more than one year
Other debtors 8,099 9,299
8,099 9,299
235,245 241,835
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 7,417 16,760
Corporation tax 65,347 68,744
VAT 22,733 13,888
Other creditors 3,667 2,887
Accruals and deferred income 38,175 11,169
Directors' loan accounts - 4,415
137,339 117,863
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mrs Nitzan Regev-Sanders (2,207 ) 21,482 16,232 - 3,041
Mr Konrad Sanders (2,208 ) 21,482 16,233 - 3,042
The above loan is unsecured, interest free and repayable on demand.
Page 5