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Company Registration No. 10531502 (England and Wales)
Demisemiquaver Studio Ltd Unaudited accounts for the year ended 31 December 2021
Demisemiquaver Studio Ltd Unaudited accounts Contents
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Demisemiquaver Studio Ltd Company Information for the year ended 31 December 2021
Director
Tzu Hsuan Chou
Company Number
10531502 (England and Wales)
Registered Office
APARTMENT 806 4 MERCHANT SQUARE EAST LONDON W2 1AN ENGLAND
Accountants
Tax Return Accountants Ltd 26 Spinning Wheel Way Hackbridge WALLINGTON GB SM6 7DS
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Demisemiquaver Studio Ltd Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
60,417 
725 
Current assets
Cash at bank and in hand
31,402 
31,627 
Creditors: amounts falling due within one year
(1,100)
(1,100)
Net current assets
30,302 
30,527 
Total assets less current liabilities
90,719 
31,252 
Creditors: amounts falling due after more than one year
(108,948)
(40,058)
Net liabilities
(18,229)
(8,806)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(18,329)
(8,906)
Shareholders' funds
(18,229)
(8,806)
For the year ending 31 December 2021 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 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 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 and authorised for issue on 6 September 2022 and were signed on its behalf by
Tzu Hsuan Chou Director Company Registration No. 10531502
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Demisemiquaver Studio Ltd Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Demisemiquaver Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 10531502. The registered office is APARTMENT 806 4 MERCHANT SQUARE EAST, LONDON, W2 1AN, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The director acknowledges the latest guidance on going concern. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of twelve months from the date of approval of the financial statements and, therefore, he continue to adopt the going concern basis in preparing the annual financial statements.
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
25%
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Demisemiquaver Studio Ltd Notes to the Accounts for the year ended 31 December 2021
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2021
- 
1,719 
1,719 
Additions
59,837 
- 
59,837 
At 31 December 2021
59,837 
1,719 
61,556 
Depreciation
At 1 January 2021
- 
994 
994 
Charge for the year
- 
145 
145 
At 31 December 2021
- 
1,139 
1,139 
Net book value
At 31 December 2021
59,837 
580 
60,417 
At 31 December 2020
- 
725 
725 
5
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade creditors
1,100 
1,100 
6
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Loans from directors
108,948 
40,058 
7
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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