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Registered number: 11520319
Cinta The Label Limited
Unaudited Financial Statements
For The Year Ended 31 August 2023
Goringe Accountants Ltd
1650 Arlington Business Park
Theale
Reading
Berkshire
RG7 4SA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11520319
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 15,674 18,786
15,674 18,786
CURRENT ASSETS
Debtors 5 44,509 34,470
Cash at bank and in hand 3,708 8
48,217 34,478
Creditors: Amounts Falling Due Within One Year 6 (206,455 ) (147,630 )
NET CURRENT ASSETS (LIABILITIES) (158,238 ) (113,152 )
TOTAL ASSETS LESS CURRENT LIABILITIES (142,564 ) (94,366 )
Creditors: Amounts Falling Due After More Than One Year 7 (13,203 ) (19,203 )
NET LIABILITIES (155,767 ) (113,569 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (155,768 ) (113,570 )
SHAREHOLDERS' FUNDS (155,767) (113,569)
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For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Amy Sturgis
Director
16/10/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cinta The Label Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11520319 . The registered office is Suite 10 Blandel Bridge House, 56 Sloane Square, London, SW1W 8AX.
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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are computer software It is amortised to the profit and loss account over its estimated economic life of ten years.
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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 1 (2022: 1)
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4. Intangible Assets
Other
£
Cost
As at 1 September 2022 31,123
As at 31 August 2023 31,123
Amortisation
As at 1 September 2022 12,337
Provided during the period 3,112
As at 31 August 2023 15,449
Net Book Value
As at 31 August 2023 15,674
As at 1 September 2022 18,786
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 30,839 22,921
Other debtors 13,670 11,549
44,509 34,470
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 4,753 4,774
Other loans 48,100 49,100
Amounts owed to participating interests 91,426 72,746
Other creditors 49,526 15,208
Taxation and social security 12,650 5,802
206,455 147,630
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 14,203 14,203
Other loans (1,000 ) 5,000
13,203 19,203
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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9. Related Party Transactions
At the balance sheet date, the following balances were included within other debtors and were owed from relates parties:
£91,426 (2022 - £72,746) due to Sturgis Services Limited
At the balance sheet date, the following amounts were due to directors of the company held as loans:
£58,361 (2022 - £24,042) due to Amy Sturgis
£18,572 (2022 - £18,572) due from Keith Sturgis
No interest was accruing On the outstanding amount and no repayment terms were agreed as at the balance sheet date.
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