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Registration number: 15086519

TRIBAL CREATIVE LIMITED

Unaudited Filleted Financial Statements

for the Period from 21 August 2023 to 31 August 2024

 

TRIBAL CREATIVE LIMITED

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

TRIBAL CREATIVE LIMITED

Company Information

Director

Mr S Parkhouse

Registered office

Suite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

Accountants

Numeric Accounting
Chartered Certified AccountantsSuite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

TRIBAL CREATIVE LIMITED

(Registration number: 15086519)
Balance Sheet as at 31 August 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

9,811

Current assets

 

Debtors

5

35,451

Cash at bank and in hand

 

12,453

 

47,904

Creditors: Amounts falling due within one year

6

(17,753)

Net current assets

 

30,151

Total assets less current liabilities

 

39,962

Provisions for liabilities

(1,864)

Net assets

 

38,098

Capital and reserves

 

Called up share capital

7

20

Retained earnings

38,078

Shareholders' funds

 

38,098

For the financial period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 January 2025
 

.........................................
Mr S Parkhouse
Director

 

TRIBAL CREATIVE LIMITED

Notes to the Unaudited Financial Statements for the Period from 21 August 2023 to 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Suite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

These financial statements were authorised for issue by the director on 13 January 2025.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue 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 current and 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.

 

TRIBAL CREATIVE LIMITED

Notes to the Unaudited Financial Statements for the Period from 21 August 2023 to 31 August 2024 (continued)

2

Accounting policies (continued)

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

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

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

25% Reducing Balance

Office Equipment

25% Reducing Balance

Computer Equipment

33% Striaght Line

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

TRIBAL CREATIVE LIMITED

Notes to the Unaudited Financial Statements for the Period from 21 August 2023 to 31 August 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.

 

3

Staff numbers

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

 

TRIBAL CREATIVE LIMITED

Notes to the Unaudited Financial Statements for the Period from 21 August 2023 to 31 August 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

Additions

1,438

4,893

4,914

11,245

At 31 August 2024

1,438

4,893

4,914

11,245

Depreciation

Charge for the period

82

397

955

1,434

At 31 August 2024

82

397

955

1,434

Carrying amount

At 31 August 2024

1,356

4,496

3,959

9,811

5

Debtors

Current

2024
£

Trade debtors

28,556

Prepayments

370

Other debtors

6,525

 

35,451

 

TRIBAL CREATIVE LIMITED

Notes to the Unaudited Financial Statements for the Period from 21 August 2023 to 31 August 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

331

Taxation and social security

17,232

Other creditors

190

17,753

Deferred Tax

2024
£

Balance at 1 Septebmer 2023

-

Provisions during the year

1,864

Balance at 30 August 2024

1,864

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

20

20

   

8

Dividends

2024

£

Interim dividend of £800.00 per ordinary share

16,000

 
 

TRIBAL CREATIVE LIMITED

Notes to the Unaudited Financial Statements for the Period from 21 August 2023 to 31 August 2024 (continued)

9

Related party transactions

Transactions with the director

2024

At 21 August 2023
£

Advances to director
£

Repayments by director
£

At 31 August 2024
£

Mr S Parkhouse

Loan from Director is interest free and repayable on demand

-

5,220

(5,375)

(155)