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Unaudited Financial Statements |
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for the Period 24 April 2020 to 31 August 2021 |
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ANGRY CREATIVE (UK) LIMITED |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 24 April 2020 to 31 August 2021 |
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for |
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ANGRY CREATIVE (UK) LIMITED |
ANGRY CREATIVE (UK) LIMITED (REGISTERED NUMBER: 12570752) |
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Contents of the Financial Statements |
for the period 24 April 2020 to 31 August 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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ANGRY CREATIVE (UK) LIMITED |
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Company Information |
for the period 24 April 2020 to 31 August 2021 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Preston Park House |
South Road |
Brighton |
East Sussex |
BN1 6SB |
ANGRY CREATIVE (UK) LIMITED (REGISTERED NUMBER: 12570752) |
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Balance Sheet |
31 August 2021 |
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Notes | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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PROVISIONS FOR LIABILITIES | 10 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 11 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
ANGRY CREATIVE (UK) LIMITED (REGISTERED NUMBER: 12570752) |
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Balance Sheet - continued |
31 August 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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ANGRY CREATIVE (UK) LIMITED (REGISTERED NUMBER: 12570752) |
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Notes to the Financial Statements |
for the period 24 April 2020 to 31 August 2021 |
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1. | STATUTORY INFORMATION |
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Angry Creative (UK) Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts. |
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Revenue from the sale of software development services is recognised at the point of sale. |
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Goodwill |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management. |
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
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Fixtures & fittings | 25% on cost |
Computer equipment | 25% on cost |
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Government grants |
Grants receivable under the government's Job Retention Scheme are recognised as other operating income in the profit and loss account when there is a reasonable assurance that the entity will comply with the conditions attached to the grant and that the grant will be received. Grant income relating to the Job Retention Scheme will be recognised systematically in the period to which the underlying furloughed staff costs relate to and when the payroll liability has been incurred by the entity. The income is taxable. |
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Financial instruments |
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 entity after deducting all of its financial liabilities. |
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ANGRY CREATIVE (UK) LIMITED (REGISTERED NUMBER: 12570752) |
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Notes to the Financial Statements - continued |
for the period 24 April 2020 to 31 August 2021 |
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2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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Going concern policy |
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. |
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Impairment policy |
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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ANGRY CREATIVE (UK) LIMITED (REGISTERED NUMBER: 12570752) |
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Notes to the Financial Statements - continued |
for the period 24 April 2020 to 31 August 2021 |
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4. | INTANGIBLE FIXED ASSETS |
Patents |
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Goodwill | licences | Totals |
£ | £ | £ |
COST |
Additions |
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At 31 August 2021 |
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AMORTISATION |
Amortisation for period |
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At 31 August 2021 |
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NET BOOK VALUE |
At 31 August 2021 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
Additions |
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At 31 August 2021 |
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DEPRECIATION |
Charge for period |
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At 31 August 2021 |
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NET BOOK VALUE |
At 31 August 2021 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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ANGRY CREATIVE (UK) LIMITED (REGISTERED NUMBER: 12570752) |
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Notes to the Financial Statements - continued |
for the period 24 April 2020 to 31 August 2021 |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
£ |
Other creditors |
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9. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
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Within one year |
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10. | PROVISIONS FOR LIABILITIES |
£ |
Deferred tax | 1,801 |
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Deferred |
tax |
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Accelerated capital allowances | 1,801 |
Balance at 31 August 2021 |
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11. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | £0.01 | 10 |
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1,000 Ordinary shares of £0.01 each were allotted and fully paid for
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