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REGISTERED NUMBER: 11001357 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

CREATORIQ INTERNATIONAL LIMITED

CREATORIQ INTERNATIONAL LIMITED (REGISTERED NUMBER: 11001357)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CREATORIQ INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







Directors: D V Murray
I Vaks





Registered office: Suite 2 First Floor
10 Temple Back
Bristol
BS1 6FL





Registered number: 11001357 (England and Wales)





Auditors: Mark Arber Limited
Statutory Auditors
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

CREATORIQ INTERNATIONAL LIMITED (REGISTERED NUMBER: 11001357)

BALANCE SHEET
31 DECEMBER 2022

31/12/22 31/12/21
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,168 8,529

CURRENT ASSETS
Debtors 5 502,015 317,894
Cash at bank 337,666 139,789
839,681 457,683
CREDITORS
Amounts falling due within one year 6 (369,607 ) (219,295 )
NET CURRENT ASSETS 470,074 238,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,242

246,917

PROVISIONS FOR LIABILITIES 8 - (1,829 )
NET ASSETS 473,242 245,088

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 473,241 245,087
473,242 245,088

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 13 September 2024 and were signed on its behalf by:





D V Murray - Director


CREATORIQ INTERNATIONAL LIMITED (REGISTERED NUMBER: 11001357)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Creatoriq International 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.

The Company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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
Revenue from contracts for the provision of services is calculated at cost plus a mark up in accordance with contractual arrangements and is recognised in line with the costs incurred.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer - 50% straight line.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

CREATORIQ INTERNATIONAL LIMITED (REGISTERED NUMBER: 11001357)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued

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.

Share based compensation
The employees of the company are entitled to participate in the group share based compensation scheme. Cost is recognised in these financial statements based on the fair value of the awards at the date of grant, amortized over any vesting period that may apply. The company has taken the exemption provided in FRS 102 Section 1.12D not to disclose details of share-based payment arrangements concerning equity instruments of another group entity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2021 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 January 2022
and 31 December 2022 14,664
Depreciation
At 1 January 2022 6,135
Charge for year 5,361
At 31 December 2022 11,496
Net book value
At 31 December 2022 3,168
At 31 December 2021 8,529

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Amounts owed by group undertakings 468,629 309,154
Other debtors 33,386 8,740
502,015 317,894

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Trade creditors 17,370 821
Taxation and social security 150,360 158,849
Other creditors 201,877 59,625
369,607 219,295

CREATORIQ INTERNATIONAL LIMITED (REGISTERED NUMBER: 11001357)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/22 31/12/21
£    £   
Within one year 57,600 -

8. PROVISIONS FOR LIABILITIES
31/12/21
£   
Deferred tax 1,829

Deferred
tax
£   
Balance at 1 January 2022 1,829
Credit to Income Statement during year (6,553 )
Balance at 31 December 2022 (4,724 )

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Arber (Senior Statutory Auditor)
for and on behalf of Mark Arber Limited

10. ULTIMATE CONTROLLING PARTY

The directors consider the ultimate parent undertaking to be SocialEdge, Inc., a company incorporated in the United States of America. The registered office is 8605 Santa Monica Blvd, PMB 82232, West Hollywood, CA 90069-4109.

11. RELATED PARTY DISCLOSURES

The company has taken the exemption provided by FRS 102 Section 33.1A not to disclose related party transactions with wholly owned subsidiaries within the group.