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REGISTERED NUMBER: 06853102 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2022

for

Studio Gil Limited

Studio Gil Limited (Registered number: 06853102)






Contents of the Financial Statements
for the Year Ended 31st March 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Studio Gil Limited

Company Information
for the Year Ended 31st March 2022







DIRECTOR: P Gil Quintero





REGISTERED OFFICE: 116 Liverpool Road
Islington
London
N1 0RE





REGISTERED NUMBER: 06853102 (England and Wales)





ACCOUNTANTS: Warner & Co Accountants Limited
First Floor Extension
Widbury Barns
Widbury Hill
Ware
Hertfordshire
SG12 7QE

Studio Gil Limited (Registered number: 06853102)

Abridged Balance Sheet
31st March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,779 1,682

CURRENT ASSETS
Debtors 17,610 27,408
Cash at bank 29,961 16,442
47,571 43,850
CREDITORS
Amounts falling due within one year 24,281 45,391
NET CURRENT ASSETS/(LIABILITIES) 23,290 (1,541 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,069

141

CREDITORS
Amounts falling due after more than one
year

26,950

-
NET ASSETS 119 141

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19 41
SHAREHOLDERS' FUNDS 119 141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Studio Gil Limited (Registered number: 06853102)

Abridged Balance Sheet - continued
31st March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th June 2022 and were signed by:





P Gil Quintero - Director


Studio Gil Limited (Registered number: 06853102)

Notes to the Financial Statements
for the Year Ended 31st March 2022

1. STATUTORY INFORMATION

Studio Gil Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2021 19,937
Additions 3,659
Disposals (12,204 )
At 31st March 2022 11,392
DEPRECIATION
At 1st April 2021 18,255
Charge for year 1,562
Eliminated on disposal (12,204 )
At 31st March 2022 7,613
NET BOOK VALUE
At 31st March 2022 3,779
At 31st March 2021 1,682

Studio Gil Limited (Registered number: 06853102)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2022

5. OTHER FINANCIAL COMMITMENTS

The company had other financial commitments at the 31st March 2022 of £18,900 (2021 £23,940)