IRIS Accounts Production v24.1.0.578 04539725 Board of Directors Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045397252022-12-31045397252023-12-31045397252023-01-012023-12-31045397252021-12-31045397252022-01-012022-12-31045397252022-12-3104539725ns15:EnglandWales2023-01-012023-12-3104539725ns14:PoundSterling2023-01-012023-12-3104539725ns10:Director12023-01-012023-12-3104539725ns10:Director22023-01-012023-12-3104539725ns10:Director32023-01-012023-12-3104539725ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104539725ns10:SmallEntities2023-01-012023-12-3104539725ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104539725ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104539725ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104539725ns10:FullAccounts2023-01-012023-12-3104539725ns10:Director42023-01-012023-12-3104539725ns10:CompanySecretary12023-01-012023-12-3104539725ns10:RegisteredOffice2023-01-012023-12-3104539725ns5:CurrentFinancialInstruments2023-12-3104539725ns5:CurrentFinancialInstruments2022-12-3104539725ns5:Non-currentFinancialInstruments2023-12-3104539725ns5:Non-currentFinancialInstruments2022-12-3104539725ns5:ShareCapital2023-12-3104539725ns5:ShareCapital2022-12-3104539725ns5:RetainedEarningsAccumulatedLosses2023-12-3104539725ns5:RetainedEarningsAccumulatedLosses2022-12-3104539725ns5:PlantMachinery2023-01-012023-12-3104539725ns5:PlantMachinery2022-12-3104539725ns5:PlantMachinery2023-12-3104539725ns5:PlantMachinery2022-12-3104539725ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104539725ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 04539725 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CULTURAL INNOVATIONS LIMITED

CULTURAL INNOVATIONS LIMITED (REGISTERED NUMBER: 04539725)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CULTURAL INNOVATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M D Best
Mrs L Moriarty
R Walshe
A J Wood-Walker





SECRETARY: Mrs G C Best





REGISTERED OFFICE: 6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL





REGISTERED NUMBER: 04539725 (England and Wales)





ACCOUNTANTS: Andrew Cross & Co.
Chartered Certified Accountants
6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL

CULTURAL INNOVATIONS LIMITED (REGISTERED NUMBER: 04539725)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,041 2,562

CURRENT ASSETS
Debtors 5 342,713 855,715
Cash at bank 399,997 206,218
742,710 1,061,933
CREDITORS
Amounts falling due within one year 6 165,500 334,413
NET CURRENT ASSETS 577,210 727,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

580,251

730,082

CREDITORS
Amounts falling due after more than one
year

7

76,417

116,417
NET ASSETS 503,834 613,665

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 503,734 613,565
SHAREHOLDERS' FUNDS 503,834 613,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CULTURAL INNOVATIONS LIMITED (REGISTERED NUMBER: 04539725)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 June 2024 and were signed on its behalf by:




M D Best - Director R Walshe - Director




A J Wood-Walker - Director


CULTURAL INNOVATIONS LIMITED (REGISTERED NUMBER: 04539725)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Cultural Innovations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 136,011
Additions 2,620
At 31 December 2023 138,631
DEPRECIATION
At 1 January 2023 133,449
Charge for year 2,141
At 31 December 2023 135,590
NET BOOK VALUE
At 31 December 2023 3,041
At 31 December 2022 2,562

CULTURAL INNOVATIONS LIMITED (REGISTERED NUMBER: 04539725)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 237,240 460,159
Other debtors 105,473 395,556
342,713 855,715

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 33,333 33,333
Trade creditors 50,913 187,387
Taxation and social security 13,105 57,695
Other creditors 68,149 55,998
165,500 334,413

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 76,417 116,417