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REGISTERED NUMBER: 07177462 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Yes Studio Limited

Yes Studio Limited (Registered number: 07177462)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yes Studio Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: S J Earith





REGISTERED OFFICE: Gowran House
56 Broad Street
Chipping Sodbury
Bristol
BS37 6AG





REGISTERED NUMBER: 07177462 (England and Wales)





ACCOUNTANTS: R A Leslie & Co. LLP
Chartered Accountants
Gowran House
56 Broad Street
Chipping Sodbury
Bristol
BS37 6AG

Yes Studio Limited (Registered number: 07177462)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,472 9,717
Investments 6 87,540 -
99,012 9,717

CURRENT ASSETS
Debtors 7 135,604 90,282
Cash at bank 155,336 206,391
290,940 296,673
CREDITORS
Amounts falling due within one year 8 128,776 65,319
NET CURRENT ASSETS 162,164 231,354
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,176

241,071

PROVISIONS FOR LIABILITIES 2,180 1,846
NET ASSETS 258,996 239,225

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 258,896 239,125
SHAREHOLDERS' FUNDS 258,996 239,225

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

Yes Studio Limited (Registered number: 07177462)

Balance Sheet - continued
31 March 2022


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

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 31 July 2022 and were signed by:





S J Earith - Director


Yes Studio Limited (Registered number: 07177462)

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

1. STATUTORY INFORMATION

Yes Studio 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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.

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

Taxation
Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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 year end and that are expected to apply to the reversal of the timing difference.

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.

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 1 (2021 - 1 ) .

Yes Studio Limited (Registered number: 07177462)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 100,000
AMORTISATION
At 1 April 2021
and 31 March 2022 100,000
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

The goodwill was acquired from S J Earith on 1 May 2010 for £100,000.

5. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 April 2021 27,993
Additions 5,579
At 31 March 2022 33,572
DEPRECIATION
At 1 April 2021 18,276
Charge for year 3,824
At 31 March 2022 22,100
NET BOOK VALUE
At 31 March 2022 11,472
At 31 March 2021 9,717

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 87,540
At 31 March 2022 87,540
NET BOOK VALUE
At 31 March 2022 87,540

Yes Studio Limited (Registered number: 07177462)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 113,007 90,087
Other debtors 422 195
Intercompany current account 13,944 -
VAT 8,231 -
135,604 90,282

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 4,372 1,495
Corporation tax 25,307 11,631
VAT - 12,409
Intercompany current account - 134
Directors' current accounts 99,097 39,650
128,776 65,319

9. RELATED PARTY DISCLOSURES

During 2022, an associated company, 513 Inc Ltd, provided services to the company at normal commercial rates, charging £80,000 (2021: Nil).

The director has a controlling interest in both companies.