Registered number
04294792
Dublanc Studio Limited
Filleted Accounts
31 March 2023
Dublanc Studio Limited
Registered number: 04294792
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 300 1,500
Tangible assets 4 23,838 25,621
24,138 27,121
Current assets
Debtors 5 423,627 285,691
Cash at bank and in hand 172,490 176,332
596,117 462,023
Creditors: amounts falling due within one year 6 (72,159) (22,666)
Net current assets 523,958 439,357
Net assets 548,096 466,478
Capital and reserves
Called up share capital 3 3
Profit and loss account 548,093 466,475
Shareholders' funds 548,096 466,478
-
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Dublanc F Dublanc
Director
Approved by the board on 13 October 2023
Dublanc Studio Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% on reducing balance
Fixtures, fittings, tools and equipment 25% on reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 6,000
At 31 March 2023 6,000
Amortisation
At 1 April 2022 4,500
Provided during the year 1,200
At 31 March 2023 5,700
Net book value
At 31 March 2023 300
At 31 March 2022 1,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 104,176
Additions 6,163
At 31 March 2023 110,339
Depreciation
At 1 April 2022 78,555
Charge for the year 7,946
At 31 March 2023 86,501
Net book value
At 31 March 2023 23,838
At 31 March 2022 25,621
5 Debtors 2023 2022
£ £
Trade debtors 114,852 27,393
Sundry debtors - 1,215
Other debtors 308,775 257,083
423,627 285,691
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 4,353 2,957
Taxation and social security costs 42,342 16,196
Accrued expenses 2,520 2,400
Other creditors 22,944 1,113
72,159 22,666
7 Other information
Dublanc Studio Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
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