Silverfin false 31/03/2022 31/03/2022 01/04/2021 Lydia Mcpherson 01/04/2017 Robbie James Mcpherson 12/02/2008 12 September 2022 The principal activity of the Company is that of providing video production activities. 06501188 2022-03-31 06501188 bus:Director1 2022-03-31 06501188 bus:Director2 2022-03-31 06501188 2021-03-31 06501188 core:CurrentFinancialInstruments 2022-03-31 06501188 core:CurrentFinancialInstruments 2021-03-31 06501188 core:ShareCapital 2022-03-31 06501188 core:ShareCapital 2021-03-31 06501188 core:RetainedEarningsAccumulatedLosses 2022-03-31 06501188 core:RetainedEarningsAccumulatedLosses 2021-03-31 06501188 core:OtherPropertyPlantEquipment 2021-03-31 06501188 core:OtherPropertyPlantEquipment 2022-03-31 06501188 bus:OrdinaryShareClass1 2022-03-31 06501188 2021-04-01 2022-03-31 06501188 bus:FullAccounts 2021-04-01 2022-03-31 06501188 bus:SmallEntities 2021-04-01 2022-03-31 06501188 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 06501188 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 06501188 bus:Director1 2021-04-01 2022-03-31 06501188 bus:Director2 2021-04-01 2022-03-31 06501188 core:OtherPropertyPlantEquipment 2021-04-01 2022-03-31 06501188 2020-04-01 2021-03-31 06501188 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 06501188 bus:OrdinaryShareClass1 2020-04-01 2021-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06501188 (England and Wales)

SMUDGE MEDIA STUDIO LTD

Unaudited Financial Statements
For the financial year ended 31 March 2022
Pages for filing with the registrar

SMUDGE MEDIA STUDIO LTD

Unaudited Financial Statements

For the financial year ended 31 March 2022

Contents

SMUDGE MEDIA STUDIO LTD

COMPANY INFORMATION

For the financial year ended 31 March 2022
SMUDGE MEDIA STUDIO LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2022
DIRECTORS Lydia Mcpherson
Robbie James Mcpherson
REGISTERED OFFICE 6 The Belvoir
Ingatestone
CM4 9HQ
England
United Kingdom
COMPANY NUMBER 06501188 (England and Wales)
CHARTERED ACCOUNTANTS Berg Kaprow Lewis LLP
35 Ballards Lane
London
N3 1XW
SMUDGE MEDIA STUDIO LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2022
SMUDGE MEDIA STUDIO LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2022
Note 2022 2021
£ £
Fixed assets
Tangible assets 3 9,363 12,282
9,363 12,282
Current assets
Debtors 4 47,885 32,844
Cash at bank and in hand 5 5,203 3,191
53,088 36,035
Creditors
Amounts falling due within one year 6 ( 62,421) ( 47,912)
Net current liabilities (9,333) (11,877)
Total assets less current liabilities 30 405
Net assets 30 405
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 70 ) 305
Total shareholders' funds 30 405

For the financial year ending 31 March 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Smudge Media Studio Ltd (registered number: 06501188) were approved and authorised for issue by the Board of Directors on 12 September 2022. They were signed on its behalf by:

Robbie James Mcpherson
Director
SMUDGE MEDIA STUDIO LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2022
SMUDGE MEDIA STUDIO LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Smudge Media Studio Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 6 The Belvoir, Ingatestone, CM4 9HQ, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2021 57,083 57,083
Additions 196 196
At 31 March 2022 57,279 57,279
Accumulated depreciation
At 01 April 2021 44,801 44,801
Charge for the financial year 3,115 3,115
At 31 March 2022 47,916 47,916
Net book value
At 31 March 2022 9,363 9,363
At 31 March 2021 12,282 12,282

4. Debtors

2022 2021
£ £
Trade debtors 33,835 32,844
Other debtors 14,050 0
47,885 32,844

5. Cash and cash equivalents

2022 2021
£ £
Cash at bank and in hand 5,203 3,191

6. Creditors: amounts falling due within one year

2022 2021
£ £
Trade creditors 16,706 1,471
Other creditors 6,432 6,138
Corporation tax 27,655 18,464
Other taxation and social security 11,628 21,839
62,421 47,912

7. Called-up share capital

2022 2021
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100