Registered number
10861225
Beetle Creative Limited
Filleted Accounts
31 July 2024
Beetle Creative Limited
Registered number: 10861225
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 475 633
Current assets
Debtors 4 412 24
Cash at bank and in hand 70,934 93,414
71,346 93,438
Creditors: amounts falling due within one year 5 (20,703) (21,142)
Net current assets 50,643 72,296
Total assets less current liabilities 51,118 72,929
Provisions for liabilities (119) (158)
Net assets 50,999 72,771
Capital and reserves
Called up share capital 99 99
Profit and loss account 50,900 72,672
Shareholders' funds 50,999 72,771
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T C Athron
Director
Approved by the board on 17 April 2025
Beetle Creative Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% on reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company
including directors 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 1,501
At 31 July 2024 1,501
Depreciation
At 1 August 2023 868
Charge for the year 158
At 31 July 2024 1,026
Net book value
At 31 July 2024 475
At 31 July 2023 633
4 Debtors 2024 2023
£ £
Other debtors 412 24
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 1,038
Other creditors 20,703 20,104
20,703 21,142
6 Related party transactions
During the year the directors provided funds to the company on an interest free basis with no set repayment terms. Over the year the directors charged the company £600 (2023: £600) for the provision of an office. At the year end the company owed the directors £19,264 (2023: £18,644).
7 Other information
Beetle Creative Limited is a private company limited by shares and incorporated in England. Its registered office is:
Kempston
Mill Hill
Edenbridge
Kent
TN8 5DQ
Beetle Creative Limited 10861225 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts July 2024 T C Athron No description of principal activity 10861225 2022-08-01 2023-07-31 10861225 core:WithinOneYear 2023-07-31 10861225 core:ShareCapital 2023-07-31 10861225 core:RetainedEarningsAccumulatedLosses 2023-07-31 10861225 2023-08-01 2024-07-31 10861225 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10861225 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10861225 bus:Director40 2023-08-01 2024-07-31 10861225 1 2023-08-01 2024-07-31 10861225 2 2023-08-01 2024-07-31 10861225 core:PlantMachinery 2023-08-01 2024-07-31 10861225 countries:England 2023-08-01 2024-07-31 10861225 bus:FRS102 2023-08-01 2024-07-31 10861225 bus:FilletedAccounts 2023-08-01 2024-07-31 10861225 2024-07-31 10861225 core:WithinOneYear 2024-07-31 10861225 core:ShareCapital 2024-07-31 10861225 core:RetainedEarningsAccumulatedLosses 2024-07-31 10861225 core:PlantMachinery 2024-07-31 10861225 2023-07-31 10861225 core:PlantMachinery 2023-07-31 iso4217:GBP xbrli:pure