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REGISTERED NUMBER: 13403976 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

STUDIO 200 LTD

STUDIO 200 LTD (REGISTERED NUMBER: 13403976)






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


STUDIO 200 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: S G L Kent
M D Shirtliffe





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 13403976 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

STUDIO 200 LTD (REGISTERED NUMBER: 13403976)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 384 512
Tangible assets 5 3,772 1,600
4,156 2,112

CURRENT ASSETS
Debtors 6 8,971 2
Cash at bank 23,353 14,184
32,324 14,186
CREDITORS
Amounts falling due within one year 7 11,900 3,059
NET CURRENT ASSETS 20,424 11,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,580

13,239

PROVISIONS FOR LIABILITIES 717 -
NET ASSETS 23,863 13,239

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 23,861 13,237
23,863 13,239

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.

STUDIO 200 LTD (REGISTERED NUMBER: 13403976)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





S G L Kent - Director


STUDIO 200 LTD (REGISTERED NUMBER: 13403976)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Studio 200 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
Income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

STUDIO 200 LTD (REGISTERED NUMBER: 13403976)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 640
AMORTISATION
At 1 April 2022 128
Charge for year 128
At 31 March 2023 256
NET BOOK VALUE
At 31 March 2023 384
At 31 March 2022 512

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022 2,399
Additions 4,458
At 31 March 2023 6,857
DEPRECIATION
At 1 April 2022 799
Charge for year 2,286
At 31 March 2023 3,085
NET BOOK VALUE
At 31 March 2023 3,772
At 31 March 2022 1,600

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,632 -
Directors' current accounts 339 2
8,971 2

STUDIO 200 LTD (REGISTERED NUMBER: 13403976)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14 -
Corporation tax 7,495 2,619
VAT 3,717 -
Directors' current accounts 119 -
Accrued expenses 555 440
11,900 3,059

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
S G L Kent
Balance outstanding at start of year 1 -
Amounts advanced 12,453 1
Amounts repaid (12,115 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 339 1

M D Shirtliffe
Balance outstanding at start of year 1 -
Amounts advanced 11,995 1
Amounts repaid (12,115 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (119 ) 1