Silverfin false 31/01/2023 01/02/2022 31/01/2023 Miss T Acheson 02/12/2020 27 October 2023 The principal activity of the Company during the financial year was artistic creation. 13057062 2023-01-31 13057062 bus:Director1 2023-01-31 13057062 2022-01-31 13057062 core:CurrentFinancialInstruments 2023-01-31 13057062 core:CurrentFinancialInstruments 2022-01-31 13057062 core:ShareCapital 2023-01-31 13057062 core:ShareCapital 2022-01-31 13057062 core:RetainedEarningsAccumulatedLosses 2023-01-31 13057062 core:RetainedEarningsAccumulatedLosses 2022-01-31 13057062 core:LeaseholdImprovements 2022-01-31 13057062 core:OfficeEquipment 2022-01-31 13057062 core:LeaseholdImprovements 2023-01-31 13057062 core:OfficeEquipment 2023-01-31 13057062 2022-02-01 2023-01-31 13057062 bus:FullAccounts 2022-02-01 2023-01-31 13057062 bus:SmallEntities 2022-02-01 2023-01-31 13057062 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 13057062 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 13057062 bus:Director1 2022-02-01 2023-01-31 13057062 core:LeaseholdImprovements core:TopRangeValue 2022-02-01 2023-01-31 13057062 core:OfficeEquipment 2022-02-01 2023-01-31 13057062 2021-02-01 2022-01-31 13057062 core:LeaseholdImprovements 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Company No: 13057062 (England and Wales)

STUDIOBEAM PRODUCTIONS LTD

Unaudited Financial Statements
For the financial year ended 31 January 2023
Pages for filing with the registrar

STUDIOBEAM PRODUCTIONS LTD

Unaudited Financial Statements

For the financial year ended 31 January 2023

Contents

STUDIOBEAM PRODUCTIONS LTD

COMPANY INFORMATION

For the financial year ended 31 January 2023
STUDIOBEAM PRODUCTIONS LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2023
DIRECTOR Miss T Acheson
REGISTERED OFFICE Leanne House East Wing Ground
6 Avon Close
Weymouth
DT4 9UX
United Kingdom
COMPANY NUMBER 13057062 (England and Wales)
CHARTERED ACCOUNTANTS Albert Goodman LLP
Leanne House
6 Avon Close
Weymouth
Dorset
DT4 9UX
STUDIOBEAM PRODUCTIONS LTD

BALANCE SHEET

As at 31 January 2023
STUDIOBEAM PRODUCTIONS LTD

BALANCE SHEET (continued)

As at 31 January 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 4,457 307
4,457 307
Current assets
Debtors 4 5,285 17,711
Cash at bank and in hand 5 34,982 84,109
40,267 101,820
Creditors: amounts falling due within one year 6 ( 8,209) ( 37,244)
Net current assets 32,058 64,576
Total assets less current liabilities 36,515 64,883
Net assets 36,515 64,883
Capital and reserves
Called-up share capital 100 100
Profit and loss account 36,415 64,783
Total shareholder's funds 36,515 64,883

For the financial year ending 31 January 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of StudioBEAM Productions Ltd (registered number: 13057062) were approved and authorised for issue by the Director on 27 October 2023. They were signed on its behalf by:

Miss T Acheson
Director
STUDIOBEAM PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
STUDIOBEAM PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
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

StudioBEAM Productions 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 Leanne House East Wing Ground, 6 Avon Close, Weymouth, DT4 9UX, 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 Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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:

Leasehold improvements 5 years straight line
Office equipment 20 % 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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Leasehold improve-
ments
Office equipment Total
£ £ £
Cost
At 01 February 2022 0 405 405
Additions 4,086 233 4,319
At 31 January 2023 4,086 638 4,724
Accumulated depreciation
At 01 February 2022 0 98 98
Charge for the financial year 68 101 169
At 31 January 2023 68 199 267
Net book value
At 31 January 2023 4,018 439 4,457
At 31 January 2022 0 307 307

4. Debtors

2023 2022
£ £
Trade debtors 390 17,376
Other debtors 4,895 335
5,285 17,711

5. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 34,982 84,109

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 289 0
Taxation and social security 5,535 34,941
Other creditors 2,385 2,303
8,209 37,244

7. Related party transactions

Transactions with the entity's director

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 February 2022, the balance owed to the director was £302. During the year, £62,571 was advanced to the director, and £63,119 was repaid by the director. At 31 January 2023, the balance owed to the director was £850.

At 1 February 2021, the balance owed to the director was £0. During the year, £29,384 was advanced to the director, and £29,686 was repaid by the director. At 31 January 2022, the balance owed to the director was £302.