Company Registration No. 11382895 (England and Wales)
A Creative Cog Ltd
Unaudited accounts
for the year ended 31 May 2024
A Creative Cog Ltd
Unaudited accounts
Contents
A Creative Cog Ltd
Company Information
for the year ended 31 May 2024
Directors
Hu Loh
Kai Lun Chang
Company Number
11382895 (England and Wales)
Registered Office
124 CITY ROAD
LONDON
EC1V 2NX
ENGLAND
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
A Creative Cog Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
16,801
6,577
Cash at bank and in hand
184,929
226,804
Creditors: amounts falling due within one year
(38,140)
(57,763)
Net current assets
209,390
227,934
Net assets
240,691
234,511
Called up share capital
200
200
Share premium
199,900
199,900
Profit and loss account
40,591
34,411
Shareholders' funds
240,691
234,511
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by
Hu Loh
Director
Company Registration No. 11382895
A Creative Cog Ltd
Notes to the Accounts
for the year ended 31 May 2024
A Creative Cog Ltd is a private company, limited by shares, registered in England and Wales, registration number 11382895. The registered office is 124 CITY ROAD, LONDON, EC1V 2NX, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
A Creative Cog Ltd
Notes to the Accounts
for the year ended 31 May 2024
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
10,797
12,298
12,881
35,976
Additions
9,806
4,593
399
14,798
Disposals
-
(783)
(1,024)
(1,807)
At 31 May 2024
20,603
16,108
12,256
48,967
At 1 June 2023
9,034
11,453
8,912
29,399
Charge for the year
1,147
1,108
2,232
4,487
On disposals
-
(696)
(1,024)
(1,720)
At 31 May 2024
10,181
11,865
10,120
32,166
At 31 May 2024
10,422
4,243
2,136
16,801
At 31 May 2023
1,763
845
3,969
6,577
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Investments
Other investments
Valuation at 1 June 2023
-
Valuation at 31 May 2024
14,500
Amounts falling due within one year
Trade debtors
9,123
10,510
Accrued income and prepayments
31,053
20,906
Other debtors
16,545
24,305
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
18,042
16,051
Taxes and social security
16,302
31,083
Other creditors
2,162
5,933
A Creative Cog Ltd
Notes to the Accounts
for the year ended 31 May 2024
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
Hu Loh is the ultimate controlling party by virtue of their 80% shareholding. Hu Loh holds 160 Ordinary shares with a nominal
value of £1 per share. Aggregate amount paid for these shares is £200,100.
On 25/05/2018 100 ordinary shares of £1 each were allotted on incorporation, and fully paid at par for a total of £100;
On 06/06/2018 100 ordinary shares of £1 each were allotted, and fully paid at £2,000 per share, for a total of £200,000
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Average number of employees
During the year the average number of employees was 7 (2023: 7).