Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 02250652 Mr Peter Brooks Mrs Dawn Green EAM London Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02250652 2023-05-31 02250652 2024-05-31 02250652 2023-06-01 2024-05-31 02250652 frs-core:CurrentFinancialInstruments 2024-05-31 02250652 frs-core:ComputerEquipment 2024-05-31 02250652 frs-core:ComputerEquipment 2023-06-01 2024-05-31 02250652 frs-core:ComputerEquipment 2023-05-31 02250652 frs-core:FurnitureFittings 2024-05-31 02250652 frs-core:FurnitureFittings 2023-06-01 2024-05-31 02250652 frs-core:FurnitureFittings 2023-05-31 02250652 frs-core:InvestmentPropertyIncludedWithinPPE 2024-05-31 02250652 frs-core:InvestmentPropertyIncludedWithinPPE 2023-06-01 2024-05-31 02250652 frs-core:InvestmentPropertyIncludedWithinPPE 2023-05-31 02250652 frs-core:PlantMachinery 2023-06-01 2024-05-31 02250652 frs-core:SharePremium 2024-05-31 02250652 frs-core:ShareCapital 2024-05-31 02250652 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 02250652 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 02250652 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 02250652 frs-bus:SmallEntities 2023-06-01 2024-05-31 02250652 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 02250652 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 02250652 frs-bus:Director1 2023-06-01 2024-05-31 02250652 frs-bus:Director2 2023-06-01 2024-05-31 02250652 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 02250652 frs-countries:EnglandWales 2023-06-01 2024-05-31 02250652 2022-05-31 02250652 2023-05-31 02250652 2022-06-01 2023-05-31 02250652 frs-core:CurrentFinancialInstruments 2023-05-31 02250652 frs-core:SharePremium 2023-05-31 02250652 frs-core:ShareCapital 2023-05-31 02250652 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 02250652
Creative Artists Management Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
EAM London Limited
Chartered Tax Accountants
215-221 Borough High Street
London
SE1 1JA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02250652
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 53,710 60,972
53,710 60,972
CURRENT ASSETS
Debtors 5 78,732 185,625
Cash at bank and in hand 435,697 607,664
514,429 793,289
Creditors: Amounts Falling Due Within One Year 6 (247,484 ) (218,307 )
NET CURRENT ASSETS (LIABILITIES) 266,945 574,982
TOTAL ASSETS LESS CURRENT LIABILITIES 320,655 635,954
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,520 ) (14,137 )
NET ASSETS 308,135 621,817
CAPITAL AND RESERVES
Called up share capital 7 600 900
Share premium account - 195,000
Profit and Loss Account 307,535 425,917
SHAREHOLDERS' FUNDS 308,135 621,817
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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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Peter Brooks
Director
26/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Creative Artists Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02250652 . The registered office is 55-59 Shaftesbury Avenue, London, W1D 6LD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 20% straight line
Computer Equipment 33.3% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 13)
12 13
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4. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 40,243 12,130 127,716 180,089
Additions - 377 5,450 5,827
As at 31 May 2024 40,243 12,507 133,166 185,916
Depreciation
As at 1 June 2023 - 10,759 108,358 119,117
Provided during the period - 672 12,417 13,089
As at 31 May 2024 - 11,431 120,775 132,206
Net Book Value
As at 31 May 2024 40,243 1,076 12,391 53,710
As at 1 June 2023 40,243 1,371 19,358 60,972
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 28,789 126,416
Prepayments and accrued income 48,766 52,037
Other debtors 1,177 3,500
Directors' loan accounts - 3,672
78,732 185,625
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 52,720 55,688
Corporation tax 70,226 52,959
Other taxes and social security 46,153 40,925
VAT 71,785 62,390
Other creditors 2,971 2,536
Accruals and deferred income 3,629 3,809
247,484 218,307
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 600 900
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8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Michael Wiggs 3,671 - 3,671 - -
The above loan is unsecured, and paid back in July 2023
Page 5