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REGISTERED NUMBER: 01727704 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

CENTRAL ILLUSTRATION AGENCY LIMITED(THE)

CENTRAL ILLUSTRATION AGENCY LIMITED(THE) (REGISTERED NUMBER: 01727704)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CENTRAL ILLUSTRATION AGENCY LIMITED(THE)

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr B Cox
Mr B H Grimwood





SECRETARY: Ms L Buckingham





REGISTERED OFFICE: 9 Perseverance Works
London
E2 8DD





REGISTERED NUMBER: 01727704 (England and Wales)





ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA

CENTRAL ILLUSTRATION AGENCY LIMITED(THE) (REGISTERED NUMBER: 01727704)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 4,191 4,665

CURRENT ASSETS
Debtors 6 52,384 57,579
Cash at bank and in hand 238,567 224,240
290,951 281,819
CREDITORS
Amounts falling due within one year 7 (199,682 ) (195,524 )
NET CURRENT ASSETS 91,269 86,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,460

90,960

CAPITAL AND RESERVES
Called up share capital 9 201 201
Retained earnings 95,259 90,759
SHAREHOLDERS' FUNDS 95,460 90,960

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 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.

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





Mr B Cox - Director


CENTRAL ILLUSTRATION AGENCY LIMITED(THE) (REGISTERED NUMBER: 01727704)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Central Illustration Agency Limited(The) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Property, plant and equipment
Property, plant and equipment are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all property, plant and equipment, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows;

Fixtures, fittings and equipment - 20% on reducing balance

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

CENTRAL ILLUSTRATION AGENCY LIMITED(THE) (REGISTERED NUMBER: 01727704)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets

Trade debtors and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Basic financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities

Trade creditors, accruals and directors' loan accounts are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

CENTRAL ILLUSTRATION AGENCY LIMITED(THE) (REGISTERED NUMBER: 01727704)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 71,180 307 71,487
Additions - 574 574
At 31 March 2024 71,180 881 72,061
DEPRECIATION
At 1 April 2023 66,761 61 66,822
Charge for year 884 164 1,048
At 31 March 2024 67,645 225 67,870
NET BOOK VALUE
At 31 March 2024 3,535 656 4,191
At 31 March 2023 4,419 246 4,665

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,384 57,579

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 97,296 130,922
Corporation tax 34,628 18,825
Social security and other taxes 53,650 33,302
Other creditors 1,462 2,475
Directors' loan accounts 5,096 3,750
Accruals and deferred income 7,550 6,250
199,682 195,524

CENTRAL ILLUSTRATION AGENCY LIMITED(THE) (REGISTERED NUMBER: 01727704)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


8. FINANCIAL INSTRUMENTS

The company has the following financial instruments:-

Note 2024 2023
£ £
Financial assets that are debt instruments measured
at amortised cost:-

- Trade debtors 52,384 57,579
- Prepayments and accrued income - -
- Directors Loan Account - -
52,384 57,579


2024 2023
Note £ £

Financial liabilities measured at amortised cost:-

- Trade creditors 97,296 130,922
- Other creditors 1,462 2,475
- Directors' loan accounts 4,796 3,750
- Accruals and deferred income 6,500 6,250
110,054 143,397

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
101 Ordinary £1 101 101
100 Ordinary A £1 100 100
201 201

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Loans from directors

At the balance sheet date the company owed £40 (2023: £82) to Mr B Cox. This loan is unsecured, interest free and is repayable on demand.

At the balance sheet date the company owed £5,057 (2023: £3,668) to Mr B H Grimwood. This loan is unsecured, interest free and is repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr B H Grimwood.