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REGISTERED NUMBER: 12431120 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

NOISEGATE STUDIOS LTD

NOISEGATE STUDIOS LTD (REGISTERED NUMBER: 12431120)

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


NOISEGATE STUDIOS LTD

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: Mr M J Katz
Mrs E J K Katz





REGISTERED OFFICE: 3 Pegasus House
Pegasus Court
Warwick
United Kingdom
CV34 6LW





REGISTERED NUMBER: 12431120 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

NOISEGATE STUDIOS LTD (REGISTERED NUMBER: 12431120)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,863 18,202

CURRENT ASSETS
Debtors 5 24,340 12,169
Cash at bank 55,439 69,661
79,779 81,830
CREDITORS
Amounts falling due within one year 6 48,203 60,947
NET CURRENT ASSETS 31,576 20,883
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,439

39,085

PROVISIONS FOR LIABILITIES 3,204 3,458
NET ASSETS 45,235 35,627

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 45,135 35,527
SHAREHOLDERS' FUNDS 45,235 35,627

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.

NOISEGATE STUDIOS LTD (REGISTERED NUMBER: 12431120)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





Mr M J Katz - Director


NOISEGATE STUDIOS LTD (REGISTERED NUMBER: 12431120)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Noisegate Studios Ltd 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 - 25% on reducing balance
Computer equipment - 33% 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 2 (2022 - 2 ) .

NOISEGATE STUDIOS LTD (REGISTERED NUMBER: 12431120)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022 18,504 10,420 28,924
Additions 5,162 1,917 7,079
At 31 March 2023 23,666 12,337 36,003
DEPRECIATION
At 1 April 2022 6,505 4,217 10,722
Charge for year 4,290 4,128 8,418
At 31 March 2023 10,795 8,345 19,140
NET BOOK VALUE
At 31 March 2023 12,871 3,992 16,863
At 31 March 2022 11,999 6,203 18,202

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,639 10,815
Other debtors 1,701 1,354
24,340 12,169

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,864 2,065
Taxation and social security 18,464 25,794
Other creditors 24,875 33,088
48,203 60,947

7. ULTIMATE CONTROLLING PARTY

The Company is controlled by the Directors.