Company registration number 10899527 (England and Wales)
NATALIE BREWSTER STUDIO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
NATALIE BREWSTER STUDIO LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
NATALIE BREWSTER STUDIO LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,657
1,538
Current assets
Debtors
5
-
0
622
Cash at bank and in hand
11,369
18,719
11,369
19,341
Creditors: amounts falling due within one year
6
(3,700)
(10,214)
Net current assets
7,669
9,127
Total assets less current liabilities
10,326
10,665
Provisions for liabilities
(505)
(292)
Net assets
9,821
10,373
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
9,721
10,273
Total equity
9,821
10,373

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 1 November 2023
Ms N Brewster
Director
Company registration number 10899527 (England and Wales)
NATALIE BREWSTER STUDIO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

Natalie Brewster Studio Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor, 201 Haverstock Hill, London, England, NW3 4QG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
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.

 

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% on cost
Computers
33% on cost
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

NATALIE BREWSTER STUDIO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

 

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

NATALIE BREWSTER STUDIO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
4
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2022
2,294
5,597
7,891
Additions
791
1,793
2,584
At 31 March 2023
3,085
7,390
10,475
Depreciation and impairment
At 1 April 2022
1,787
4,566
6,353
Depreciation charged in the year
315
1,150
1,465
At 31 March 2023
2,102
5,716
7,818
Carrying amount
At 31 March 2023
983
1,674
2,657
At 31 March 2022
507
1,031
1,538
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
609
Other debtors
-
0
13
-
0
622
6
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
81
380
Other creditors
480
6,830
Accruals
3,139
3,004
3,700
10,214
2023-03-312022-04-01false01 November 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMs Natalie Anne Brewster108995272022-04-012023-03-31108995272023-03-31108995272022-03-3110899527core:FurnitureFittings2023-03-3110899527core:ComputerEquipment2023-03-3110899527core:FurnitureFittings2022-03-3110899527core:ComputerEquipment2022-03-3110899527core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3110899527core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3110899527core:CurrentFinancialInstruments2023-03-3110899527core:CurrentFinancialInstruments2022-03-3110899527core:ShareCapital2023-03-3110899527core:ShareCapital2022-03-3110899527core:RetainedEarningsAccumulatedLosses2023-03-3110899527core:RetainedEarningsAccumulatedLosses2022-03-3110899527bus:Director12022-04-012023-03-3110899527core:FurnitureFittings2022-04-012023-03-3110899527core:ComputerEquipment2022-04-012023-03-31108995272021-04-012022-03-3110899527core:FurnitureFittings2022-03-3110899527core:ComputerEquipment2022-03-31108995272022-03-3110899527bus:PrivateLimitedCompanyLtd2022-04-012023-03-3110899527bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3110899527bus:FRS1022022-04-012023-03-3110899527bus:AuditExemptWithAccountantsReport2022-04-012023-03-3110899527bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP