The Narratives Theme Limited
Unaudited Financial Statements
For the year ended 30 November 2023
Pages for Filing with Registrar
Company Registration No. 10500621 (England and Wales)
The Narratives Theme Limited
Company Information
Director
C L May
(Appointed 17 August 2023)
Company number
10500621
Registered office
6th Floor
9 Appold Street
London
United Kingdom
EC2A 2AP
Accountants
Moore Kingston Smith LLP
Betchworth House
57-65 Station Road
Redhill
Surrey
RH1 1DL
Business address
119 Hollywood Lane
Wainscott
Rochester
Kent
United Kingdom
ME3 8AT
The Narratives Theme Limited
Balance Sheet
As at 30 November 2023
Page 1
2023
2022
Notes
£
£
£
£
Current assets
Stock
30,632
23,623
Debtors
3
48,280
33,407
Cash at bank and in hand
50,277
48,660
129,189
105,690
Creditors: amounts falling due within one year
4
(26,329)
(78,977)
Net current assets
102,860
26,713
Creditors: amounts falling due after more than one year
5
(14,300)
Net assets
102,860
12,413
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
102,859
12,412
Total equity
102,860
12,413
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Narratives Theme Limited
Balance Sheet (Continued)
As at 30 November 2023
Page 2
The financial statements were approved by the board of directors and authorised for issue on 14 August 2024 and are signed on its behalf by:
C L May
Director
Company Registration No. 10500621
The Narratives Theme Limited
Notes to the Financial Statements
For the year ended 30 November 2023
Page 3
1
Accounting policies
Company information
The Narratives Theme Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor 9 Appold Street, London, United Kingdom, EC2A 2AP.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for services provided net of Value Added Tax.
1.3
Stock
Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.
Stock held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.4
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand and balances held at call with banks.
1.5
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as 'other' or basic instruments measured at fair value.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
The Narratives Theme Limited
Notes to the Financial Statements (Continued)
For the year ended 30 November 2023
1
Accounting policies
(Continued)
Page 4
1.7
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
1.8
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 1 (2022: 1).
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
35,972
27,469
Prepayments and accrued income
12,308
5,938
48,280
33,407
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
4,402
Trade creditors
8,548
18,684
Corporation tax
11,613
1,401
Other taxation and social security
1,180
2,113
Other creditors
2,191
49,777
Accruals and deferred income
2,797
2,600
26,329
78,977
See details on Bank loan on Note 5.
The Narratives Theme Limited
Notes to the Financial Statements (Continued)
For the year ended 30 November 2023
Page 5
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
14,300
The bank loan is a Bounce Back Loan, supported by the Bounce Back Loan Scheme. The loan was repaid during the year.
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of 1p each
100
100
1
1
7
Related party transactions
Included within other creditors at the Balance Sheet date was £nil (2022: £46,038) owed to the company director.