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Registration number: 09380911

Studio Low Limited

trading as Studio Low Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

 

Studio Low Limited

trading as Studio Low Limited

(Registration number: 09380911)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Current assets

 

Debtors

3

11,036

11,036

Cash at bank and in hand

 

107

107

 

11,143

11,143

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

11,043

11,043

Shareholders' funds

 

11,143

11,143

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 29 September 2023
 

.........................................
Mrs Laura Hopkinson
Director

 

Studio Low Limited

trading as Studio Low Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
204c High Street
Ongar
Essex
CM5 9JJ

These financial statements were authorised for issue by the director on 29 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Studio Low Limited

trading as Studio Low Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

3

Debtors

Current

2023
£

2022
£

Other debtors

11,036

11,036

4

Cash and cash equivalents

2023
£

2022
£

Cash at bank

107

107

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £0 each

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-

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