Company Registration No. 12037916 (England and Wales)
Feldspar Studio Limited
Unaudited accounts
for the year ended 31 May 2023
Feldspar Studio Limited
Unaudited accounts
Contents
Feldspar Studio Limited
Company Information
for the year ended 31 May 2023
Directors
Jeremy Michael Patrick Brown
Catherine Louise Chevally Brown
Company Number
12037916 (England and Wales)
Registered Office
LLOYDS BANK CHAMBERS
HIGH STREET
CREDITON
DEVON
EX17 3AH
UNITED KINGDOM
Accountants
H W Martin & Co LLP
Lloyds Bank Chambers
High Street
Crediton
Devon
EX17 3AH
Feldspar Studio Limited
Statement of financial position
as at 31 May 2023
Intangible assets
20,000
20,000
Tangible assets
80,107
69,382
Cash at bank and in hand
49,661
91,687
Creditors: amounts falling due within one year
(257,193)
(231,592)
Net current liabilities
(61,845)
(15,500)
Total assets less current liabilities
38,262
73,882
Creditors: amounts falling due after more than one year
(25,007)
(32,943)
Called up share capital
100
100
Profit and loss account
13,155
40,839
Shareholders' funds
13,255
40,939
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 1 February 2024 and were signed on its behalf by
Jeremy Michael Patrick Brown
Director
Company Registration No. 12037916
Feldspar Studio Limited
Notes to the Accounts
for the year ended 31 May 2023
Feldspar Studio Limited is a private company, limited by shares, registered in England and Wales, registration number 12037916. The registered office is LLOYDS BANK CHAMBERS, HIGH STREET, CREDITON, DEVON, EX17 3AH, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
These accounts are amended to remove the reference to the Company being dormant. The Company was a trading company throughout the year and these accounts are now the statutory accounts replacing the accounts filed on 28 February 2023.
The accounts are prepared as they were at the date of the original accounts and no amounts have been amended.
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:
Plant & machinery
10% reducing balance basis
Computer equipment
25% reducing balance basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Feldspar Studio Limited
Notes to the Accounts
for the year ended 31 May 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
25,918
47,949
3,494
77,361
Additions
-
16,965
208
17,173
At 31 May 2023
25,918
64,914
3,702
94,534
At 1 June 2022
-
6,762
1,217
7,979
Charge for the year
-
5,814
634
6,448
At 31 May 2023
-
12,576
1,851
14,427
At 31 May 2023
25,918
52,338
1,851
80,107
At 31 May 2022
25,918
41,187
2,277
69,382
Amounts falling due within one year
Trade debtors
49,723
41,613
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
9,623
23,626
Taxes and social security
6,178
23,461
Other creditors
1,411
1,097
Loans from directors
236,809
181,357
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 20 (2022: 20).