Silverfin false false 31/03/2024 01/04/2023 31/03/2024 R Grant 03/08/2005 P Koh 03/08/2005 28 March 2025 The principal activity of the company continued to be that of design work consultancy. 05526633 2024-03-31 05526633 bus:Director1 2024-03-31 05526633 bus:Director2 2024-03-31 05526633 2023-03-31 05526633 core:CurrentFinancialInstruments 2024-03-31 05526633 core:CurrentFinancialInstruments 2023-03-31 05526633 core:Non-currentFinancialInstruments 2024-03-31 05526633 core:Non-currentFinancialInstruments 2023-03-31 05526633 core:ShareCapital 2024-03-31 05526633 core:ShareCapital 2023-03-31 05526633 core:RetainedEarningsAccumulatedLosses 2024-03-31 05526633 core:RetainedEarningsAccumulatedLosses 2023-03-31 05526633 core:PlantMachinery 2023-03-31 05526633 core:FurnitureFittings 2023-03-31 05526633 core:PlantMachinery 2024-03-31 05526633 core:FurnitureFittings 2024-03-31 05526633 2023-04-01 2024-03-31 05526633 bus:FilletedAccounts 2023-04-01 2024-03-31 05526633 bus:SmallEntities 2023-04-01 2024-03-31 05526633 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05526633 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05526633 bus:Director1 2023-04-01 2024-03-31 05526633 bus:Director2 2023-04-01 2024-03-31 05526633 core:PlantMachinery core:TopRangeValue 2023-04-01 2024-03-31 05526633 core:FurnitureFittings core:TopRangeValue 2023-04-01 2024-03-31 05526633 2022-04-01 2023-03-31 05526633 core:PlantMachinery 2023-04-01 2024-03-31 05526633 core:FurnitureFittings 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 05526633 (England and Wales)

BUROCREATIVE LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

BUROCREATIVE LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

BUROCREATIVE LIMITED

BALANCE SHEET

As at 31 March 2024
BUROCREATIVE LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 19,975 24,431
19,975 24,431
Current assets
Debtors 4 467,046 455,388
Cash at bank and in hand 210,241 280,701
677,287 736,089
Creditors: amounts falling due within one year 5 ( 284,816) ( 368,175)
Net current assets 392,471 367,914
Total assets less current liabilities 412,446 392,345
Creditors: amounts falling due after more than one year 6 ( 17,365) ( 26,617)
Net assets 395,081 365,728
Capital and reserves
Called-up share capital 100 100
Profit and loss account 394,981 365,628
Total shareholders' funds 395,081 365,728

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Burocreative Limited (registered number: 05526633) were approved and authorised for issue by the Board of Directors on 28 March 2025. They were signed on its behalf by:

P Koh
Director
BUROCREATIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
BUROCREATIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Burocreative Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for consultancy services provided in the normal course of business, and is shown net of VAT where applicable.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 5 years straight line
Fixtures and fittings 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 13 11

3. Tangible assets

Plant and machinery Fixtures and fittings Total
£ £ £
Cost
At 01 April 2023 29,763 6,833 36,596
Additions 1,498 231 1,729
At 31 March 2024 31,261 7,064 38,325
Accumulated depreciation
At 01 April 2023 10,798 1,367 12,165
Charge for the financial year 4,807 1,378 6,185
At 31 March 2024 15,605 2,745 18,350
Net book value
At 31 March 2024 15,656 4,319 19,975
At 31 March 2023 18,965 5,466 24,431

4. Debtors

2024 2023
£ £
Trade debtors 200,041 242,661
Other debtors 267,005 212,727
467,046 455,388

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,077 10,649
Trade creditors 85,195 132,671
Taxation and social security 129,627 126,209
Other creditors 59,917 98,646
284,816 368,175

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 17,365 26,617

7. Related party transactions

Dividends totalling £181,512 (2023 - £145,512) were paid in the year in respect of shares held by the company's directors.

At the year end the company owed £18,347 (2023 - £50,244 ) to the director P Koh, in respect of an interest free loan repayable on demand.

At the year end the company owed £18,361 (2023 - £18,361 ) to the director R. Grant, in respect of an interest free loan repayable on demand.

8. Ultimate controlling party

The company is under the control of its directors.