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Company Registration No. 08535895 (England and Wales)
Type Studio Limited Unaudited accounts for the year ended 31 May 2023
Type Studio Limited Unaudited accounts Contents
Page
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Type Studio Limited Company Information for the year ended 31 May 2023
Directors
Matthew Robert Cooper Samuel Jonathan Nelson Thomas Edward Powell Ognjen Ristic
Company Number
08535895 (England and Wales)
Registered Office
247 Church Street London N16 9HP
Accountants
Wyatts Partnership Ltd 247 Church Street London N16 9HP
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Type Studio Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,885 
2,521 
Current assets
Debtors
16,962 
12,714 
Cash at bank and in hand
81,193 
67,097 
98,155 
79,811 
Creditors: amounts falling due within one year
(41,306)
(18,209)
Net current assets
56,849 
61,602 
Total assets less current liabilities
59,734 
64,123 
Creditors: amounts falling due after more than one year
(26,272)
(32,872)
Net assets
33,462 
31,251 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
33,458 
31,247 
Shareholders' funds
33,462 
31,251 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by
Ognjen Ristic Director Company Registration No. 08535895
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Type Studio Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Type Studio Limited is a private company, limited by shares, registered in England and Wales, registration number 08535895. The registered office is 247 Church Street, London , N16 9HP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25%
Computer equipment
25%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
2,710 
15,657 
18,367 
Additions
417 
3,733 
4,150 
At 31 May 2023
3,127 
19,390 
22,517 
Depreciation
At 1 June 2022
2,502 
13,344 
15,846 
Charge for the year
347 
3,439 
3,786 
At 31 May 2023
2,849 
16,783 
19,632 
Net book value
At 31 May 2023
278 
2,607 
2,885 
At 31 May 2022
208 
2,313 
2,521 
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Type Studio Limited Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,962 
8,714 
Accrued income and prepayments
4,000 
4,000 
16,962 
12,714 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
10,516 
6,021 
Taxes and social security
19,551 
8,805 
Other creditors
287 
146 
Loans from directors
8,752 
1,437 
Accruals
2,200 
1,800 
41,306 
18,209 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
26,272 
32,872 
8
Average number of employees
During the year the average number of employees was 5 (2022: 4).
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