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Registered Number: 09983369
England and Wales

 

 

 

STAGE STUDIOS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts STAGE STUDIOS LTD for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of STAGE STUDIOS LTD for the year ended 28 February 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the Board of Directors of STAGE STUDIOS LTD , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of STAGE STUDIOS LTD and state those matters that we have agreed to state to the Board of Directors of STAGE STUDIOS LTD, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than STAGE STUDIOS LTD and its Board of Directors as a body for our work or for this report
It is your duty to ensure that STAGE STUDIOS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit STAGE STUDIOS LTD. You consider that STAGE STUDIOS LTD is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of STAGE STUDIOS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Doyles
51 Station Road
Marston Green
Birmingham
West Midlands
B37 7AB
03 November 2023
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 22,362    28,864 
22,362    28,864 
Current assets      
Debtors: amounts falling due within one year 216    183 
Cash at bank and in hand 2,185    1,728 
2,401    1,911 
Creditors: amount falling due within one year (7,417)   (7,030)
Net current liabilities (5,016)   (5,119)
 
Total assets less current liabilities 17,346    23,745 
Creditors: amount falling due after more than one year (5,553)   (7,774)
Net assets 11,793    15,971 
 

Capital and reserves
     
Called up share capital 4 15,000    15,000 
Profit and loss account (3,207)   971 
Shareholder's funds 11,793    15,971 
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 03 November 2023 and were signed by:


-------------------------------
Alan Bell
Director
2
General Information
STAGE STUDIOS LTD is a private company, limited by shares, registered in England and Wales, registration number 09983369, registration address UNIT 8T HALAS INDUSTRIAL ESTATE, FORGE LANE , HALESOWEN, WEST MIDLANDS, B62 8EB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 March 2022 31,630    12,995    44,625 
Additions 2,528      2,528 
Disposals    
At 28 February 2023 34,158    12,995    47,153 
Depreciation
At 01 March 2022 15,490    271    15,761 
Charge for year 5,782    3,248    9,030 
On disposals    
At 28 February 2023 21,272    3,519    24,791 
Net book values
Closing balance as at 28 February 2023 12,886    9,476    22,362 
Opening balance as at 01 March 2022 16,140    12,724    28,864 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
2 Class A shares of £7,500.00 each 15,000    15,000 
15,000    15,000 

5.

Ultimate controlling Parties

The ultimate controlling parties are the director and his wife, by virtue of their 50% shareholding (each) of the company's issued share capital
3