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REGISTERED NUMBER: 09137271 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BEATNIK CREATIVE LABEL LIMITED

BEATNIK CREATIVE LABEL LIMITED (REGISTERED NUMBER: 09137271)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


BEATNIK CREATIVE LABEL LIMITED (REGISTERED NUMBER: 09137271)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 111 139

CURRENT ASSETS
Debtors 5 10 1,015
Cash at bank 428 519
438 1,534
CREDITORS
Amounts falling due within one year 6 46,446 46,732
NET CURRENT LIABILITIES (46,008 ) (45,198 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(45,897

)

(45,059

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (45,997 ) (45,159 )
SHAREHOLDERS' FUNDS (45,897 ) (45,059 )

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BEATNIK CREATIVE LABEL LIMITED (REGISTERED NUMBER: 09137271)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 August 2024 and were signed by:





M Lewis - Director


BEATNIK CREATIVE LABEL LIMITED (REGISTERED NUMBER: 09137271)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Beatnik Creative Label Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09137271

Registered office: 95A Hackney Road
London
E2 8ET

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


BEATNIK CREATIVE LABEL LIMITED (REGISTERED NUMBER: 09137271)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The company continues with the support of its shareholders who will not allow any of its creditors to suffer as a result of the Director's decision to allow the company to continue to trade under the circumstances.

Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 541
DEPRECIATION
At 1 April 2023 402
Charge for year 28
At 31 March 2024 430
NET BOOK VALUE
At 31 March 2024 111
At 31 March 2023 139

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 10 1,015

BEATNIK CREATIVE LABEL LIMITED (REGISTERED NUMBER: 09137271)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to participating interests 25,877 25,877
Taxation and social security 14 -
Other creditors 20,555 20,855
46,446 46,732

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

The company was under the control of Mike Lewis and Mike Lewis Entertainment Ltd throughout the period as joint shareholders of the share capital.

Included in other creditors is an amount of £17,975 (2023: £17,975] owed to Mike Lewis who is a joint shareholder of the company.