Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-0151falseNo description of principal activity53truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08597516 2023-04-01 2024-03-31 08597516 2022-04-01 2023-03-31 08597516 2024-03-31 08597516 2023-03-31 08597516 c:Director1 2023-04-01 2024-03-31 08597516 d:OfficeEquipment 2023-04-01 2024-03-31 08597516 d:OfficeEquipment 2024-03-31 08597516 d:OfficeEquipment 2023-03-31 08597516 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08597516 d:ComputerEquipment 2023-04-01 2024-03-31 08597516 d:ComputerEquipment 2024-03-31 08597516 d:ComputerEquipment 2023-03-31 08597516 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08597516 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08597516 d:CurrentFinancialInstruments 2024-03-31 08597516 d:CurrentFinancialInstruments 2023-03-31 08597516 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08597516 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08597516 d:ShareCapital 2024-03-31 08597516 d:ShareCapital 2023-03-31 08597516 d:SharePremium 2024-03-31 08597516 d:SharePremium 2023-03-31 08597516 d:CapitalRedemptionReserve 2024-03-31 08597516 d:CapitalRedemptionReserve 2023-03-31 08597516 d:RetainedEarningsAccumulatedLosses 2024-03-31 08597516 d:RetainedEarningsAccumulatedLosses 2023-03-31 08597516 c:OrdinaryShareClass1 2023-04-01 2024-03-31 08597516 c:OrdinaryShareClass1 2024-03-31 08597516 c:OrdinaryShareClass1 2023-03-31 08597516 c:OrdinaryShareClass2 2023-04-01 2024-03-31 08597516 c:OrdinaryShareClass2 2024-03-31 08597516 c:OrdinaryShareClass3 2023-04-01 2024-03-31 08597516 c:OrdinaryShareClass3 2024-03-31 08597516 c:OrdinaryShareClass3 2023-03-31 08597516 c:OrdinaryShareClass4 2023-04-01 2024-03-31 08597516 c:OrdinaryShareClass4 2024-03-31 08597516 c:FRS102 2023-04-01 2024-03-31 08597516 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08597516 c:FullAccounts 2023-04-01 2024-03-31 08597516 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08597516 2 2023-04-01 2024-03-31 08597516 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 08597516 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 08597516 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08597516









20 TEN CREATIVE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
20 TEN CREATIVE LIMITED
REGISTERED NUMBER: 08597516

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
44,865
53,498

Current assets
  

Stocks
  
6,940
54,180

Debtors: amounts falling due within one year
 5 
1,552,484
1,674,147

Cash at bank and in hand
  
601,981
1,087,064

  
2,161,405
2,815,391

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(1,375,400)
(1,868,936)

Net current assets
  
 
 
786,005
 
 
946,455

Total assets less current liabilities
  
830,870
999,953

Provisions for liabilities
  

Deferred tax
 7 
(9,536)
(11,694)

Net assets
  
821,334
988,259


Capital and reserves
  

Called up share capital 
 8 
258
258

Share premium account
  
61,350
-

Capital redemption reserve
  
(347,196)
(347,196)

Profit and loss account
  
1,106,922
1,335,197

  
821,334
988,259


Page 1

 
20 TEN CREATIVE LIMITED
REGISTERED NUMBER: 08597516
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 July 2024.



O P Blitz
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
20 TEN CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

20 Ten Creative Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, and  value added tax.
Revenue recognised by the company is in respect of creative, marketing and advertising services provided during the period. Invoices are raised in arrears of services provided. An assessment is undertaken at the end of the reporting period in respect of work performed and invoice raised during the period. Accrued income and deferred income are recognised accordingly. 

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
20 TEN CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
20 TEN CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

  
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. 
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
      Short-term leasehold property    - on length of lease
      Office equipment                       - 20% on cost
      Computer equipment                 - 33% on cost
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

  
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment

  
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

  
2.12

Dividends

Equity dividends are recognised when they become legally payable.


3.


Employees

The average monthly number of employees, including directors, during the year was 53 (2023 - 51).

Page 5

 
20 TEN CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost


At 1 April 2023
20,395
133,899
154,294


Additions
920
21,323
22,243


Disposals
-
(1,239)
(1,239)



At 31 March 2024

21,315
153,983
175,298



Depreciation


At 1 April 2023
10,852
89,944
100,796


Charge for the year on owned assets
3,174
26,910
30,084


Disposals
-
(447)
(447)



At 31 March 2024

14,026
116,407
130,433



Net book value



At 31 March 2024
7,289
37,576
44,865



At 31 March 2023
9,543
43,955
53,498

Page 6

 
20 TEN CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
831,921
1,447,097

Amounts owed by group undertakings
72,456
8,399

Other debtors
162,174
75,368

Prepayments and accrued income
485,933
143,283

1,552,484
1,674,147



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
367,874
277,828

Other taxation and social security
177,217
332,930

Other creditors
344,784
242,837

Accruals and deferred income
485,525
1,015,341

1,375,400
1,868,936



7.


Deferred taxation




2024


£






At beginning of year
(11,694)


Charged to profit or loss
2,158



At end of year
(9,536)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
9,536
11,694

Page 7

 
20 TEN CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2,184 (2023 - 2,210) Ordinary shares of £0.10 each
218
221
175 (2023 - 175) B Ordinary shares of £0.10 each
18
18
62 (2023 - 62) C Ordinary shares of £0.10 each
6
6
156 (2023 - 129) D Ordinary shares of £0.10 each
16
13

258

258


The company converted 26 Ordinary shares of £0.10 each at nominal value to D Ordinary shares on 1 December 2024.


9.


Related party transactions

As at the reporting date, the company was owed £72,456 (2023: £8,399) by 20 Ten Holdings Limited, the ultimate parent company.


10.


Controlling party

The immediate and ultimate parent company is 20 Ten Holdings Limited.

 
Page 8