Cultural Connection (UK) Limited 04107420 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Placement of foreign students Digita Accounts Production Advanced 6.30.9574.0 true 04107420 2023-01-01 2023-12-31 04107420 2023-12-31 04107420 bus:OrdinaryShareClass1 2023-12-31 04107420 core:CurrentFinancialInstruments 2023-12-31 04107420 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04107420 core:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 04107420 core:FurnitureFittingsToolsEquipment 2023-12-31 04107420 core:MotorVehicles 2023-12-31 04107420 bus:SmallEntities 2023-01-01 2023-12-31 04107420 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04107420 bus:FilletedAccounts 2023-01-01 2023-12-31 04107420 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04107420 bus:RegisteredOffice 2023-01-01 2023-12-31 04107420 bus:Director1 2023-01-01 2023-12-31 04107420 bus:Director2 2023-01-01 2023-12-31 04107420 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 04107420 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04107420 core:FurnitureFittings 2023-01-01 2023-12-31 04107420 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 04107420 core:MotorVehicles 2023-01-01 2023-12-31 04107420 core:OfficeEquipment 2023-01-01 2023-12-31 04107420 countries:AllCountries 2023-01-01 2023-12-31 04107420 2022-12-31 04107420 core:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 04107420 core:FurnitureFittingsToolsEquipment 2022-12-31 04107420 core:MotorVehicles 2022-12-31 04107420 2022-01-01 2022-12-31 04107420 2022-12-31 04107420 bus:OrdinaryShareClass1 2022-12-31 04107420 core:CurrentFinancialInstruments 2022-12-31 04107420 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 04107420 core:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 04107420 core:FurnitureFittingsToolsEquipment 2022-12-31 04107420 core:MotorVehicles 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04107420

Cultural Connection (UK) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Cultural Connection (UK) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Cultural Connection (UK) Limited

Company Information

Directors

Ms J Blackman

Mr J Blackman

Registered office

2 Western Street
Barnsley
South Yorkshire
S70 2BP

Accountants

Cameron Alexander Accountants Ltd
Chartered Certified Accountants
2 Western Street
Barnsley
South Yorkshire
S70 2BP

 

Cultural Connection (UK) Limited

(Registration number: 04107420)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

3

2,419

2,419

Tangible assets

4

16,172

14,943

 

18,591

17,362

Current assets

 

Debtors

5

27,181

29,584

Cash at bank and in hand

 

299,358

282,478

 

326,539

312,062

Creditors: Amounts falling due within one year

6

(8,690)

(3,089)

Net current assets

 

317,849

308,973

Net assets

 

336,440

326,335

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

336,340

326,235

Shareholders' funds

 

336,440

326,335

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 August 2024 and signed on its behalf by:
 

.........................................
Ms J Blackman
Director

 

Cultural Connection (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Cultural Connection (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20% reducing balance

Fixtures and fittings

20% reducing balance

Computer equipment

25% straight line

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

3

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 January 2023

2,419

2,419

At 31 December 2023

2,419

2,419

Amortisation

Carrying amount

At 31 December 2023

2,419

2,419

At 31 December 2022

2,419

2,419

 

Cultural Connection (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

25,808

8,015

33,823

Additions

3,849

-

3,849

At 31 December 2023

29,657

8,015

37,672

Depreciation

At 1 January 2023

13,404

5,476

18,880

Charge for the year

2,112

508

2,620

At 31 December 2023

15,516

5,984

21,500

Carrying amount

At 31 December 2023

14,141

2,031

16,172

At 31 December 2022

12,404

2,539

14,943

5

Debtors

Note

2023
£

2022
£

Other debtors

 

9,673

9,673

Prepayments

 

257

253

Deferred tax assets

17,251

19,658

 

27,181

29,584

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

1,968

31

Accruals and deferred income

3,000

3,000

Other creditors

3,722

58

8,690

3,089

 

Cultural Connection (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

100

100

100

100