They Eat Culture 06858802 false 2022-10-01 2023-09-28 2023-09-28 The principal activity of the company is of the performing arts. Digita Accounts Production Advanced 6.30.9574.0 true true 06858802 2022-10-01 2023-09-28 06858802 2023-09-28 06858802 core:CurrentFinancialInstruments 2023-09-28 06858802 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-28 06858802 core:Non-currentFinancialInstruments 2023-09-28 06858802 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-28 06858802 core:FurnitureFittingsToolsEquipment 2023-09-28 06858802 core:MotorVehicles 2023-09-28 06858802 bus:SmallEntities 2022-10-01 2023-09-28 06858802 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-28 06858802 bus:FilletedAccounts 2022-10-01 2023-09-28 06858802 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-28 06858802 bus:RegisteredOffice 2022-10-01 2023-09-28 06858802 bus:Director2 2022-10-01 2023-09-28 06858802 bus:CompanyLimitedByGuarantee 2022-10-01 2023-09-28 06858802 core:FurnitureFittingsToolsEquipment 2022-10-01 2023-09-28 06858802 core:MotorVehicles 2022-10-01 2023-09-28 06858802 core:OfficeEquipment 2022-10-01 2023-09-28 06858802 countries:EnglandWales 2022-10-01 2023-09-28 06858802 2022-09-30 06858802 core:FurnitureFittingsToolsEquipment 2022-09-30 06858802 core:MotorVehicles 2022-09-30 06858802 2021-10-01 2022-09-30 06858802 2022-09-30 06858802 core:CurrentFinancialInstruments 2022-09-30 06858802 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 06858802 core:Non-currentFinancialInstruments 2022-09-30 06858802 core:Non-currentFinancialInstruments core:AfterOneYear 2022-09-30 06858802 core:FurnitureFittingsToolsEquipment 2022-09-30 06858802 core:MotorVehicles 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 06858802

They Eat Culture

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Period from 1 October 2022 to 28 September 2023

 

They Eat Culture

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

They Eat Culture

(Registration number: 06858802)
Balance Sheet as at 28 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,647

2,025

Current assets

 

Cash at bank and in hand

 

32,023

59,995

Creditors: Amounts falling due within one year

5

(20,762)

(22,728)

Net current assets

 

11,261

37,267

Total assets less current liabilities

 

12,908

39,292

Creditors: Amounts falling due after more than one year

5

(19,415)

(28,358)

Provisions for liabilities

-

(384)

Net (liabilities)/assets

 

(6,507)

10,550

Reserves

 

Retained earnings

(6,507)

10,550

(Deficit)/surplus

 

(6,507)

10,550

For the financial period ending 28 September 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 period 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 19 September 2024 and signed on its behalf by:
 

.........................................
Ms R K Heritage
Director

 

They Eat Culture

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 28 September 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £100 towards the assets of the company in the event of liquidation.

The address of its registered office is:
11 Back Longfield Road
Todmorden
Lancashire
OL14 6NN

These financial statements were authorised for issue by the Board on 19 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

Going concern

The company relies on the continuing support of the directors, and the directors have indicated that this support will continue. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

The company recognises turnover when:
The amount of turnover 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.

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.

Tangible assets

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

 

They Eat Culture

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 28 September 2023

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

15% per annum reducing balance basis

Motor vehicles

25% per annum reducing balance basis

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 1 (2022 - 1).

 

They Eat Culture

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 28 September 2023

4

Tangible assets

Office equipment
 £

Motor vehicles
 £

Total
£

Cost

At 1 October 2022

7,076

4,920

11,996

At 28 September 2023

7,076

4,920

11,996

Depreciation

At 1 October 2022

5,801

4,170

9,971

Charge for the period

191

187

378

At 28 September 2023

5,992

4,357

10,349

Carrying amount

At 28 September 2023

1,084

563

1,647

At 30 September 2022

1,275

750

2,025

5

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

6

15,195

16,038

Taxation and social security

 

5,503

6,444

Other creditors

 

64

246

 

20,762

22,728

6

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

19,415

28,358

Current loans and borrowings

2023
£

2022
£

Bank borrowings

9,424

10,063

Other borrowings

5,771

5,975

15,195

16,038