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REGISTERED NUMBER: 10263185 (England and Wales)





























FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

A STUDIO OF OUR OWN LIMITED

A STUDIO OF OUR OWN LIMITED (REGISTERED NUMBER: 10263185)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A STUDIO OF OUR OWN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: T A Cornfoot
V F Le Mestre





REGISTERED OFFICE: 4 The Glebe
Worcester Park
KT4 7PF





REGISTERED NUMBER: 10263185 (England and Wales)





ACCOUNTANTS: Raffan and Golding
Chartered Accountants &
Chartered Tax Advisers
17 Short's Gardens
London
WC2H 9AT

A STUDIO OF OUR OWN LIMITED (REGISTERED NUMBER: 10263185)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 7,521 4,071

CURRENT ASSETS
Debtors 5 127,817 103,377
Cash at bank and in hand 200,940 115,274
328,757 218,651
CREDITORS
Amounts falling due within one year 6 302,286 133,094
NET CURRENT ASSETS 26,471 85,557
TOTAL ASSETS LESS CURRENT LIABILITIES 33,992 89,628

CREDITORS
Amounts falling due after more than one year 7 - (7,235 )

PROVISIONS FOR LIABILITIES 8 (1,715 ) -
NET ASSETS 32,277 82,393

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,177 82,293
32,277 82,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

A STUDIO OF OUR OWN LIMITED (REGISTERED NUMBER: 10263185)

BALANCE SHEET - continued
31 MARCH 2023


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 Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:




V F Le Mestre - Director



T A Cornfoot - Director


A STUDIO OF OUR OWN LIMITED (REGISTERED NUMBER: 10263185)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

A Studio Of Our Own 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 - 20% on cost

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 3 (2022 - 3 ) .

A STUDIO OF OUR OWN LIMITED (REGISTERED NUMBER: 10263185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2022 13,038
Additions 5,752
At 31 March 2023 18,790
DEPRECIATION
At 1 April 2022 8,967
Charge for year 2,302
At 31 March 2023 11,269
NET BOOK VALUE
At 31 March 2023 7,521
At 31 March 2022 4,071

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 115,209 101,552
Other debtors 12,608 1,825
127,817 103,377

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 7,236 10,103
Trade creditors 36,229 3,049
Taxation and social security 19,260 46,410
Other creditors 239,561 73,532
302,286 133,094

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans - 7,235

8. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 1,715 -

Deferred tax
£
Charge to Income Statement during year 1,715
Balance at 31 March 2023 1,715