Company Registration No. 08739091 (England and Wales)
Culture Beat Ltd
Unaudited accounts
for the year ended 31 October 2024
Culture Beat Ltd
Unaudited accounts
Contents
Culture Beat Ltd
Company Information
for the year ended 31 October 2024
Directors
Branimir Braykov
Nina Dimitrova
Company Number
08739091 (England and Wales)
Registered Office
37 CALBOURNE AVENUE
HORNCHURCH
RM12 5BH
ENGLAND
Accountants
Mayflower Accountancy & Tax Limited
Unit A, Angel Business Centre
1 Luton Road
Toddington
Bedfordshire
LU5 6DE
Culture Beat Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
9,426
11,782
Cash at bank and in hand
(2,867)
(12,293)
Creditors: amounts falling due within one year
(61,638)
(58,182)
Net current assets
7,694
517
Total assets less current liabilities
17,120
12,299
Creditors: amounts falling due after more than one year
(65,741)
(48,333)
Net liabilities
(48,621)
(36,034)
Called up share capital
1
1
Profit and loss account
(48,622)
(36,035)
Shareholders' funds
(48,621)
(36,034)
For the year ending 31 October 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 24 July 2025 and were signed on its behalf by
Branimir Braykov
Director
Company Registration No. 08739091
Culture Beat Ltd
Notes to the Accounts
for the year ended 31 October 2024
Culture Beat Ltd is a private company, limited by shares, registered in England and Wales, registration number 08739091. The registered office is 37 CALBOURNE AVENUE, HORNCHURCH, RM12 5BH, ENGLAND.
2
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
20% reducing balance
Motor vehicles
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2023
13,141
30,190
43,331
At 31 October 2024
13,141
30,190
43,331
At 1 November 2023
9,274
22,275
31,549
Charge for the year
773
1,583
2,356
At 31 October 2024
10,047
23,858
33,905
At 31 October 2024
3,094
6,332
9,426
At 31 October 2023
3,867
7,915
11,782
Culture Beat Ltd
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Trade debtors
53,183
56,064
Deferred tax asset
11,363
8,410
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
29,126
38,619
Trade creditors
11,768
11,975
Taxes and social security
37,763
12,293
Other creditors
1,849
6,479
Loans from directors
(18,868)
(11,184)
7
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
3,545
21,700
15,258
9,987
Director's Loan
7,639
16,500
15,258
8,881
11,184
38,200
30,516
18,868
On 31 October 2024, the company made two interest-free loans totalling £18,868 (2023 £11,184) to the Directors. The loan is unsecured, interest-free, and repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).