Company registration number 08246678 (England and Wales)
AE CREATIVES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD 01 NOVEMBER 2022 TO 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
AE CREATIVES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
AE CREATIVES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
31 December 2023
31 October 2022
Notes
£
£
£
£
Current assets
Debtors
3
1,097
-
0
Cash at bank and in hand
3,103
12,188
4,200
12,188
Creditors: amounts falling due within one year
4
(1,798)
(5,111)
Net current assets
2,402
7,077
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
2,302
6,977
Total equity
2,402
7,077

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 period ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the period 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 financial statements were approved and signed by the director and authorised for issue on 29 August 2024
Mr A Edwards
Director
Company registration number 08246678 (England and Wales)
AE CREATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

AE Creatives Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, 32-34 Great Marlborough Street, London, England, W1F 7JB.

1.1
Reporting period

These financial statements have been prepared for the 14 month period to 31 December 2023 to bring the company year-end in line with those of associated companies.  The comparative period is for the year ended 31 October 2022 so the results for each period are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with 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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.4
Financial instruments

The company has only basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

AE CREATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
2022
Number
Number
Total
1
1
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
1,097
-
0
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
-
0
2,040
Corporation tax
-
0
1,637
Other creditors
1,798
1,434
1,798
5,111
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